Village Farms Intl Inc (VFF)

[havasu]

Village Farms International Inc. shares (VFF.T) rose 1.4%, after a separate note from GMP on its joint venture with Pure Sunfarms in British Columbia. Analyst Andrew Partheniou said he came away from a visit with Pure Sunfarms confident in management's ability to transform the venture from a B2B wholesaler to other licensed players to a sales mix that is mostly generated from provincial governments.

"Furthermore, we gleaned greater insight into PSF's industry-leading margin profile and believe the JV can maintain its leadership position," the analyst wrote. With Village Farms trading at a roughly 25% discount to peers, it's time to buy the stock, said the note. GMP rates the company a buy and has a C$25.50 price target that is about 72% above its current trading level.