Village Farms Intl Inc (VFF)

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Village Farms International Inc. shares were up in midday trading.
The greenhouse grower's U.S. -listed shares were up 9% to $18.02 and shares in Toronto were up 8.5% to C$22.86 .
The company's wholly-owned subsidiary Pure Sunfarms is a British-Columbia -based cannabis operation.
"With VFF's powered-up balance sheet, lean cost structure (few/no write-downs), and largest market share relative to its size, we continue to view VFF as the best value of the Canadian Big 5," Raymond James said in a note.
Raymond James said Village Farms has the fourth largest share of Canada's adult-use market, and "has firmly joined the rank of the billion-dollar players."
The note said that Raymond James's channel checks indicate Village Farms's Canadian adult-use cannabis revenue increased about 40% between third quarter and fourth quarter.
With more than C$200 million on its balance sheet following a recent capital raise, Village Farms now has the flexibility to undertake conversion of its Canadian and U.S. greenhouses when the time is right and has significant international optionality at the ready, the analyst note said.