Village Farms International, Inc. (NASDAQ:VFF) reported Tuesday that its consolidated sales increased 34% year-over-year to $70.2 million in the first quarter of fiscal 2022.
Canadian cannabis net sales increased 25% year-over-growth with a gross margin of 34% and adjusted EBITDA of $2.1 million. U.S. cannabis net sales were $7 million, with a gross margin of 67% and adjusted EBITDA of $0.6 million.
