This Under-the-Radar Cannabis Stock is Up 67% YTD and Could Rally Another 31%, According to Analysts
Ebube Jones - Barchart - Tue Apr 9, 1:01PM CDT
The cannabis industry is currently in the spotlight, thanks to a broader acceptance of marijuana for both medicinal and recreational purposes around the globe - a shift that has been accompanied by some significant legislative proposals. One standout example is the recent vote by Germany to partially legalize cannabis for personal use, opening the door to new market opportunities and growth. In the U.S., meanwhile, investors are still awaiting news on the proposed rescheduling of marijuana, which would be a boon for multi-state operators.
Against this backdrop, some cannabis stocks are absolutely killing it this year. But one that you might not have heard about yet is Village Farms International (VFF). This company isn't just another player in the cannabis industry. They've got a rich portfolio of North American cannabis and hemp growers and distributors, with a touch of agriculture and alternative energy exposure, too - plus, VFF's foray into the German market could be a game-changer after parliament's landmark vote on the green stuff.
Now, you might be thinking, "If VFF is so great, why haven't I heard about it?" Fair point. Only a few analysts are covering this stock - but those who are think VFF is primed for more upside. What's behind the bullish view on Village Farms stock? Read on to find out.
About Village Farms International Stock
Village Farms International (VFF) is a true green thumb in the agricultural game, with a diverse portfolio that spans fresh greenhouse-grown produce, cannabis, hemp, and even alternative energy drawn from landfill gas. They're not just growing plants; they're cultivating a multi-faceted business model that's blossoming across North America and select international markets.
Over the past year, VFF's stock price has outperformed the S&P 500 Index ($SPX) by a wide margin, up 55% during this time frame. Most of that upside has been racked up during the last month; VFF has more than doubled from its March 13 low of $0.58.
However, the penny stock certainly hasn't been immune to some pruning. VFF is down about 94% from its all-time highs set in 2021, and as of today, is newly compliant with Nasdaq share price listing standards.
