Weekly Update on the Cannabis and Psychedelic Industries
High Tide's Expansion: High Tide Inc. entered the German medical cannabis market by acquiring a 51% stake in Remexian Pharma for €27.2 million, aiming to leverage its operational strengths and enhance revenue potential in Europe.
Aurora's Global Growth: Aurora Cannabis launched its Whistler Cannabis Co. brand in Australia, marking a significant step in its international expansion strategy, with strong quarterly revenue growth driven by sales in multiple countries.
Avicanna's Patent and Financial Update: Avicanna secured a new patent for its topical cannabinoid compositions while reporting mixed financial results, including a net loss in Q2 2025 but significant improvements from the previous year.
Village Farms' Profitability Surge: Village Farms reported record profitability in Q2 2025, primarily due to increased international cannabis exports, despite challenges in the Canadian retail market affecting branded product sales.
Trade with 70% Backtested Accuracy
Analyst Views on VFF
About VFF
About the author

- Loan Terms Improvement: Village Farms successfully amended its loan with Farm Credit Canada, reducing the interest rate by 50 basis points and extending the maturity date to February 3, 2031, indicating improved financial health and future growth potential.
- Loan Balance Details: The current loan balance stands at $15.4 million with an interest rate below 7.0%, providing the company with better funding costs that support its growth objectives for 2026.
- Long-term Partnership: Executive Stephen Ruffini highlighted the collaborative relationship with FCC, which has been a valued partner for 20 years, reflecting Village Farms' stability and trust in financing.
- Market Leadership: Village Farms holds a leading market share in Canada, operating one of the largest EU-GMP certified cannabis facilities globally, with competitive products in international medical markets, further solidifying its industry position.

- Loan Interest Rate Adjustment: Village Farms International has improved its loan interest rate by 50 basis points.
- Maturity Extension: The maturity of the loan has been extended to February 3, 2031.
Farm Credit Canada Updates: Farm Credit Canada has made favorable amendments to its loan programs, enhancing support for farmers.
Loan Extensions: The organization is extending loan terms, providing more flexibility and financial relief to agricultural producers.

- Significant Sales Growth: Village Farms International reported consolidated net sales of $49.6 million in Q4 2025, reflecting a 9% year-over-year increase, with Canadian cannabis sales reaching $52.7 million, up 10%, indicating strong market performance.
- Surge in International Exports: International cannabis export sales increased more than sixfold, driven by expanded operations in the Netherlands and advantages from EU-GMP certification, further solidifying the company's position as a leading EU-GMP certified cannabis operator globally.
- Improved Profitability: The company reported a net income of $2.3 million, reversing a loss of $5.7 million from the previous year, with earnings per share at $0.02, and adjusted EBITDA rising to $8.6 million, showcasing significant improvements in profitability and cash flow.
- Positive Future Outlook: Management anticipates sequential growth in international exports in 2026 and plans to begin shipping to multiple new jurisdictions in the coming months, indicating a continued commitment to expanding in the global cannabis market.
- Earnings Highlights: Village Farms reported a Q4 GAAP EPS of $0.01 with revenue of $49.6 million, reflecting a 9.3% year-over-year growth that indicates the company's stable growth and improved profitability in the market.
- Surge in International Sales: International export cannabis sales skyrocketed by 384% year-over-year, significantly boosting overall revenue and demonstrating the company's expansion potential and competitiveness in the global market.
- Net Income and Cash Flow: The Q4 net income from continuing operations was $2.3 million, translating to $0.02 per share, with adjusted EBITDA reaching $8.6 million and operating cash flow of $11.4 million, showcasing strong operational efficiency and financial health.
- Gross Margin Performance: Canadian cannabis operations achieved a gross margin of 43% in Q4, with adjusted EBITDA of $9.8 million, representing 25.8% of sales, which not only enhances profitability but also lays a solid foundation for future investments and expansion.




