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Village Farms International Recognized For Canadian Cannabis Business
2:31 pm ET September 26, 2022 (Benzinga)
Pure Sunfarms Ranked 17th of 430 on Globe and Mail's 2022 Ranking of Canada's Top Growing Companies and is Top Growing Cannabis Business
Village Farms Named Best Canadian Cannabis Company at 15th Benzinga Cannabis Capital Conference; CEO Michael DeGiglio Featured as Keynote
VANCOUVER, BC, Sept. 26, 2022 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ:VFF) today announced its wholly owned subsidiary, Pure Sunfarms, ranked as the 17th fastest growing company by the Globe and Mail's Report on Business, which named Canada's Top Growing Companies across all industry sectors. Pure Sunfarms three-year revenue growth rate of 2,320 per cent also ranked it as the fastest growing Canadian cannabis company.
"Each recognition of the performance of our Canadian Cannabis business further highlights the strength and success of the Village Farms model and strategy in the cannabis industry," said Michael DeGiglio, Chief Executive Officer, Village Farms. "We not only led the Canadian cannabis industry in revenue growth over the past three years but have also been consistently EBITDA positive throughout that period – now 15 consecutive quarters. We look forward to continued growth and success in the Canadian cannabis market and executing on our plans to bring to bear the invaluable experience we have gained in Canada to additional opportunities at home and around the world."
"Having been founded by Village Farms and using their established growing operations, we have been able to leverage decades of experience in controlled environment agriculture with a go-slow-and-grow business strategy," said Mandesh Dosanjh, President and CEO, Pure Sunfarms. "It is this unrivaled cultivation and operational know-how, combined with the expertise and execution of our teams, that has set us apart as the fastest growing Canadian cannabis company in what is often characterized as a volatile and disruptive industry."
Canada's Top Growing Companies is an editorial ranking that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. The complete 2022 rankings along with editorial coverage is published in the October issue of Report on Business magazine and available online here: Canada's Top Growing Companies: Meet 430 businesses that will give you expansion envy - The Globe and Mail.
Village Farms Named Best Canadian Cannabis Company at 2022 Benzinga Cannabis Awards/CEO Michael DeGiglio Featured as Keynote at 15th Benzinga Cannabis Capital Conference
Village Farms was named Best Canadian Cannabis Company at the first Benzinga Cannabis Awards, which were presented at the 15th Benzinga Cannabis Capital Conference on September 13 and 14, 2022 in Chicago. Winners of the Benzinga Cannabis Awards, which celebrate new, creative, innovative and outstanding people, solutions and companies in the cannabis industry, were selected by a panel of 26 cannabis industry experts.
"I am so proud and honoured to accept this award on behalf of the entire Village Farms Canadian cannabis team," said Mr. DeGiglio. "Their unrivalled industry expertise and tireless dedication to quality, efficiency and innovation – supported by the 30-plus years of experience within the broader Village Farms team – has made our Canadian Cannabis operations, products and brands standouts in a very competitive landscape."
Mr. DeGiglio was featured as a Keynote speaker at the 15th Benzinga Cannabis Capital Conference. The archived recording of his Keynote discussion at the Conference, along with a separate video interview with Mr. DeGiglio following his Keynote discussion, are available here: Events - Village Farms International.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
