Village Farms International Reports Strong Q1 2026 Results Fueled by Record International Sales

Village Farms International, Inc. (NASDAQ: VFF) has announced its financial results for the first quarter ended March 31, 2026, showcasing impressive growth driven by international export sales. The company reported a 27% increase in net sales, totaling $49.7 million, up from $39.2 million in the same period last year. This growth was complemented by an astounding 171% increase in international export sales, highlighting the expanding global demand for Village Farms' cannabis products.

In a significant move to enhance operational efficiencies, Village Farms has realigned its organizational structure toward a unified cannabis operating model. This restructuring has led to the formation of a single reportable segment—Cannabis—while other operations have been categorized under 'Other.' This comprehensive approach aims to better align resources with market opportunities and customer demands.

Michael DeGiglio, President and CEO, expressed confidence in the results, stating, “Our first quarter results reflect a strong start to the year and continued momentum in our largest markets.” He emphasized the company's focus on higher-margin products and its sustained leadership in Canada, attributing the 118% year-over-year growth in adjusted EBITDA to robust international business performance.

DeGiglio highlighted the company's record international medical export sales, particularly in Germany, where demand for EU-GMP compliant products is surging. He noted, “Our production capabilities, product quality, and regulatory excellence provide us with a unique collection of durable competitive advantages that we have methodically built over the last six years.”

Village Farms is not resting on its laurels. The company is actively expanding its production capabilities, planning to commence operations at its Phase II facility in the Netherlands during Q2 2026, which is expected to quintuple production to approximately 10 metric tonnes annually. Additionally, the company has begun planting for its Delta 2 greenhouse expansion in Canada, projected to increase annual cannabis production capacity by approximately 33% once completed.

In terms of corporate strategy, the company is initiating a succession planning process for Chief Financial Officer Steve Ruffini, who will transition to a new leadership role focusing on evaluating strategic M&A opportunities. Furthermore, Village Farms has favorably amended its loan agreement with Farm Credit Canada, improving the interest rate and extending the maturity date.

Village Farms is poised to benefit from recent regulatory changes in the U.S. cannabis market, particularly following President Trump's executive order to reschedule marijuana products. This move is expected to modernize U.S. cannabis policy and potentially open up new market opportunities for Village Farms.

DeGiglio concluded by stating, “We remain in an excellent position to continue scaling profitably with increasing global demand,” indicating that the company is well-equipped to capitalize on emerging opportunities both domestically and internationally.

Village Farms International's robust Q1 2026 results reflect a strong operational foundation and strategic foresight that positions the company favorably in the competitive cannabis landscape. With continuous growth in international markets and an emphasis on high-margin products, Village Farms is setting the stage for sustained success in the cannabis industry. As the company looks ahead, stakeholders can anticipate more announcements and developments that will further enhance its market presence and profitability.