A Canadian greenhouse vegetable producer making an expansion into hemp is one of the few companies in the marijuana and hemp industries with a positive consensus earnings estimate for 2019.
In this exclusive examination from the Investor Intelligence team at Marijuana Business Daily, analysts note that Village Farms International (Nasdaq: VFF; TSX: VFF) has the potential for a multiyear earnings growth story that could be among the best in class in the cannabis industry.
Village Farms is one of the largest producers of greenhouse tomatoes, bell peppers and cucumbers in North America.
The company is in the process of transforming to capitalize on the Canadian marijuana market and the U.S. hemp and CBD market by creating a joint venture, Pure Sunfarms.
Village Farms is also entering into several joint ventures and developing business lines growing, extracting and manufacturing hemp-derived CBD products to tap into U.S. opportunities.
The company is still in the early stages of this strategy, so there will be a lot of operational change in the coming years.
But the company has a track record that backs up its ambitions to become long-term winners in the cannabis and hemp cultivation space.
More details about VFF’s strategy, management, capital structure and potential is available in our in-depth report.