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In a recent transaction, Michael DeGiglio, the Chief Executive Officer of Village Farms International, Inc. (NASDAQ:VFF), purchased 30,000 common shares of the company. The shares were acquired on May 20, 2025, at a weighted average price of $1.1377 per share. According to InvestingPro data, the stock is currently trading at an attractive Price/Book multiple of 0.48, suggesting potential undervaluation. The total value of the purchase amounted to $34,131. Following this transaction, DeGiglio’s direct holdings in Village Farms increased to 9,603,127 shares.
The shares were bought in multiple open market transactions, with prices ranging from $1.0953 to $1.17. This acquisition reflects DeGiglio’s ongoing commitment to the company, as he continues to maintain a significant stake in Village Farms.
In other recent news, Village Farms International reported its fourth-quarter earnings for 2024, showing an 11% increase in revenue year-over-year to $83 million. Despite this growth, the company posted a net loss of $0.08 per share, missing the expected EPS of -$0.02. Additionally, Village Farms announced a strategic partnership through a Framework Agreement with Vanguard Food LP, involving a $55 million investment and resulting in a 37.9% equity ownership in Vanguard. This agreement aims to strengthen Village Farms’ position in the produce sector and is expected to close in the second quarter of 2025.
Moreover, Village Farms successfully refinanced its Canadian Cannabis Term Loans, consolidating them into a single credit facility with a lower interest rate and extended maturity date. This financial restructuring is expected to enhance the company’s financial flexibility. The company also secured a 180-day extension from Nasdaq to meet the minimum bid price requirement, giving it until October 13, 2025, to comply.
Furthermore, Village Farms renegotiated its credit agreement with Farm Credit Canada, introducing improved financial covenants to support its growth in the cannabis sector. These strategic financial maneuvers reflect the company’s commitment to expanding its cannabis operations and maintaining a strong market presence. Investors are advised to monitor these developments as Village Farms continues to navigate the challenges and opportunities within the industry.
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