Village Farms International Files Q2 2024 10-Q
Ticker: VFF · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, cannabis, agriculture
TL;DR
VFF Q2 10-Q is in: financials and ops update for cannabis and ag segments.
AI Summary
Village Farms International, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported on its financial performance, including details on its various segments such as cannabis and agriculture. Key financial data and operational updates are provided for the second quarter.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Village Farms International, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial performance and operational details within can reveal significant risks or opportunities.
Key Numbers
- 2024-06-30 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2024-08-08 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Village Farms International, Inc. (company) — Filer of the 10-Q
- 2024-06-30 (date) — End of the reporting period
- 20240808 (date) — Filing date
- Pure Sunfarms (company) — Subsidiary mentioned in relation to Term Loan One
- Cannabis United States Segment (company) — Segment for which goodwill is reported
FAQ
What was the total revenue for Village Farms International for the quarter ending June 30, 2024?
The provided text does not contain specific revenue figures for the quarter ending June 30, 2024.
What is the current status of Village Farms International's debt, specifically the Revolving Operating Loan?
The filing indicates that 'vff:RevolvingOperatingLoanMember' was present as of '2024-06-30', suggesting it is an active financial component.
Are there any significant acquisitions or divestitures mentioned in this filing?
The provided text does not explicitly mention any acquisitions or divestitures.
What were the net earnings or losses for the period?
Specific net earnings or losses are not detailed in the provided excerpt.
How has the company's goodwill changed in the Cannabis United States Segment?
The filing references 'us-gaap:GoodwillMember' within the 'vff:CannabisUnitedStatesSegmentMember' for the period '2024-01-01' to '2024-06-30', but does not provide the specific value or change.
From the Filing
0000950170-24-093297.txt : 20240808 0000950170-24-093297.hdr.sgml : 20240808 20240808070526 ACCESSION NUMBER: 0000950170-24-093297 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 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: 241185974 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-20240630.htm 10-Q 10-Q 0001584549 false Q2 --12-31 Unlimited Unlimited 0001584549 us-gaap:CommonStockMember 2022-12-31 0001584549 vff:RoseLifeScienceIncorporationMember 2024-06-30 0001584549 vff:EmployeeMember 2023-01-01 2023-06-30 0001584549 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2024-06-30 0001584549 us-gaap:LicensingAgreementsMember 2023-12-31 0001584549 us-gaap:ComputerSoftwareIntangibleAssetMember 2023-12-31 0001584549 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001584549 us-gaap:CustomerRelationshipsMember 2024-06-30 0001584549 us-gaap:CommonStockMember 2023-03-31 0001584549 us-gaap:RetainedEarningsMember 2024-01-01 2024-06-30 0001584549 vff:RevolvingOperatingLoanMember 2024-06-30 0001584549 us-gaap:NoncontrollingInterestMember 2024-03-31 0001584549 us-gaap:GoodwillMember vff:CannabisUnitedStatesSegmentMember srt:MinimumMember 2024-01-01 2024-06-30 0001584549 vff:TermLoanOneMember vff:PureSunfarmsMember 2024-01-01 2024-06-30 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001584549 2022-12-31 0001584549 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2023-12-31 0001584549 us-gaap:RetainedEarningsMember 2024-03-31 0001584549 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-06-30 0001584549 vff:TermLoanOneMember vff:PureSunfarmsMember 2023-01-01 2023-12-31 0001584549 us-gaap:LicensingAgreementsMember 2024-06-30 0001584549 us-gaap:CommonStockMember 2023-12-31 0001584549 vff:ProduceBusinessMember 2024-04-01 2024-06-30 0001584549 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001584549 vff:ProduceAndEnergyMember vff:PurchasedProduceMember 2023-12-31 0001584549 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001584549 vff:EnergyBusinessMember 2023-01-01 2023-06-30 0001584549 vff:RoseLifeScienceIncMember 2023-01-01 2023-06-30 0001584549 vff:PerformanceBasedRestrictedShareUnitMember 2024-01-01 2024-06-30 0001584549 2023-12-31 0001584549 2023-06-30 0001584549 vff:PerformanceBasedRestrictedShareUnitMember 2024-06-30 0001584549 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001584549 us-gaap:ComputerSoftwareIntangibleAssetMember 2024-06-30 0001584549 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0001584549 vff:RevolvingOperatingLoanMember 2024-01-01 2024-06-30 0001584549 vff:TermLoanTwoMember vff:PureSunfarmsMember 2023-01-01 2023-12-31 0001584549 us-gaap:NoncontrollingInterestMember 2024-06-30 0001584549 vff:ProduceBusinessMember 2024-01-01 2024-06-30 0001584549 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-06-30 0001584549 vff:ProduceBusinessMember 2023-01-01 2023-06-30 0001584549 vff:CannabisCanadaSegmentMember 2024-04-01 2024-06-30 0001584549 us-gaap:CustomerRelationshipsMember 2023-12-31 0001584549 vff:EmployeeMember 2024-01-01 2024-06-30 0001584549 vff:EnergyBusinessMember 2024-01-01 2024-06-30 0001584549 vff:RevolvingOperatingLoanMember 2023-12-31 0001584549 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001584549 vff:CannabisUnitedStatesSegmentMember vff:BrandM