Village Farms International Files Q1 2024 10-Q
Ticker: VFF · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, agriculture, cannabis
TL;DR
VFF Q1 24 10-Q filed. Check financials.
AI Summary
Village Farms International, Inc. filed its Q1 2024 10-Q report on May 8, 2024, for the period ending March 31, 2024. The company's fiscal year ends on December 31st. Key financial data and segment information for the Produce and Energy, and Cannabis United States segments are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Village Farms International, Inc. for the first quarter of 2024.
Risk Assessment
Risk Level: medium — The filing contains standard financial reporting for a public company, but specific financial performance details and forward-looking statements would determine the actual risk.
Key Players & Entities
- Village Farms International, Inc. (company) — Filer
- 20240331 (date) — Period of Report
- 20240508 (date) — Filed as of Date
- 001-38783 (company) — SEC File Number
- PureSunfarmsMember (company) — Subsidiary/Segment
- TermLoanTwoMember (company) — Financial Instrument
- ProduceAndEnergyMember (company) — Segment
- CannabisUnitedStatesSegmentMember (company) — Segment
- RoseLifeScienceIncMember (company) — Subsidiary
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240331, indicating the first quarter of 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20240508.
What is the Standard Industrial Classification for Village Farms International, Inc.?
The SIC code is AGRICULTURE PRODUCTION - CROPS [0100].
What are some of the key segments mentioned in the filing data?
Key segments mentioned include Produce and Energy, and Cannabis United States.
What is the fiscal year end for Village Farms International, Inc.?
The Fiscal Year End is 1231.
From the Filing
0000950170-24-055056.txt : 20240508 0000950170-24-055056.hdr.sgml : 20240508 20240508070529 ACCESSION NUMBER: 0000950170-24-055056 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Village Farms International, Inc. CENTRAL INDEX KEY: 0001584549 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 24924210 BUSINESS ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 BUSINESS PHONE: 732-676-3008 MAIL ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 10-Q 1 vff-20240331.htm 10-Q 10-Q false Q1 0001584549 --12-31 Unlimited Unlimited 0001584549 vff:PureSunfarmsMember vff:TermLoanTwoMember 2023-01-01 2023-12-31 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001584549 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001584549 vff:ProduceAndEnergyMember vff:CropInventoryMember 2023-12-31 0001584549 vff:RevolvingOperatingLoanMember 2023-12-31 0001584549 2023-01-01 2023-12-31 0001584549 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001584549 2023-01-01 2023-09-30 0001584549 us-gaap:NoncontrollingInterestMember 2024-03-31 0001584549 us-gaap:MachineryAndEquipmentMember 2023-12-31 0001584549 vff:RevolvingOperatingLoanMember 2023-01-01 2023-12-31 0001584549 2023-12-31 0001584549 vff:OtherMember 2023-12-31 0001584549 us-gaap:RetainedEarningsMember 2024-03-31 0001584549 us-gaap:BuildingMember 2023-12-31 0001584549 vff:CannabisUnitedStatesSegmentMember 2024-01-01 2024-03-31 0001584549 vff:RoseLifeScienceIncMember 2023-01-01 2023-03-31 0001584549 vff:ProduceAndEnergyMember vff:CropInventoryMember 2024-03-31 0001584549 vff:RoseLifeScienceIncMember 2024-01-01 2024-03-31 0001584549 us-gaap:ConstructionInProgressMember 2023-12-31 0001584549 vff:CanadianCreditorMember vff:TwoThousandTwentyOneNonRevolvingVariableRateTermLoanMember 2024-03-31 0001584549 vff:PureSunfarmsMember vff:TermLoanOneMember 2024-01-01 2024-03-31 0001584549 2023-03-31 0001584549 vff:RevolvingOperatingLoanMember 2024-01-01 2024-03-31 0001584549 vff:BrandAndTrademarksMember 2024-03-31 0001584549 us-gaap:ComputerSoftwareIntangibleAssetMember 2024-03-31 0001584549 us-gaap:LandMember 2023-12-31 0001584549 us-gaap:RetainedEarningsMember 2023-03-31 0001584549 vff:ProduceBusinessMember 2023-01-01 2023-03-31 0001584549 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001584549 vff:ProduceBusinessMember 2024-01-01 2024-03-31 0001584549 us-gaap:CustomerRelationshipsMember 2023-12-31 0001584549 vff:OtherMember 2024-03-31 0001584549 us-gaap:CommonStockMember 2022-12-31 0001584549 us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2024-03-31 0001584549 us-gaap:EmployeeStockOptionMember 2024-03-31 0001584549 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001584549 vff:PureSunfarmsMember vff:RevolvingOperatingLoanMember 2023-12-31 0001584549 vff:CannabisBusinessMember country:CA 2024-01-01 2024-03-31 0001584549 2024-01-01 2024-03-31 0001584549 us-gaap:EmployeeStockOptionMember 2023-12-31 0001584549 us-gaap:ConstructionInProgressMember 2024-03-31 0001584549 us-gaap:NoncontrollingInterestMember 2022-12-31 0001584549 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001584549 vff:CannabisCanadaSegmentMember 2023-01-01 2023-03-31 0001584549 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001584549 2024-03-31 0001584549 vff:PurchasedProduceMember vff:ProduceAndEnergyMember 2023-12-31 0001584549 vff:PurchasedProduceMember vff:ProduceAndEnergyMember 2024-03-31 0001584549 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001584549 us-gaap:LicensingAgreementsMember 2023-12-31 00015