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Village Farms International, Inc. (NASDAQ:VFF) recently saw insider activity with Chief Financial Officer Michael A. DeGiglio purchasing 25,000 common shares. The stock, which InvestingPro analysis indicates is currently undervalued, has shown strong momentum with a 51% return over the past six months. The transaction, completed on May 30, 2025, was executed at a weighted average price of $1.206 per share, totaling approximately $30,150. This acquisition was conducted through multiple open market transactions, with prices ranging from $1.20 to $1.21 per share. Following this purchase, DeGiglio’s direct holdings in Village Farms increased to 9,783,127 shares. The company maintains a "Fair" overall financial health score according to InvestingPro, which offers 12 additional investment tips and a comprehensive Pro Research Report for deeper analysis.
In other recent news, Village Farms International has reported its fourth-quarter earnings for 2024, revealing a mixed financial outcome. The company achieved total revenues of $83 million, reflecting an 11% increase compared to the previous year. However, it reported a net loss of $0.08 per share, which fell short of the projected earnings per share (EPS) of -$0.02. Additionally, Village Farms has entered a strategic partnership, forming a Framework Agreement with Vanguard Food, which includes a $55 million investment from Kennedy Lewis (JO:LEWJ) Capital Partners (WA:CPAP) and Sweat Equities. Village Farms will receive $40 million and retain a 37.9% equity ownership in Vanguard Food LP. In another development, the company has successfully refinanced its Canadian Cannabis Term Loans, consolidating them into a single credit facility with a reduced interest rate and an extended maturity date. Nasdaq has also granted Village Farms a 180-day extension to comply with the stock market’s minimum bid price requirement, allowing the company more time to meet the necessary standards. Lastly, Village Farms has renegotiated terms of its credit agreement with Farm Credit Canada, introducing improved financial covenants to support its strategic goals in the cannabis sector.
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