Village Farms International reported record second quarter 2026 cannabis revenue and its fifth consecutive quarter of positive net income and earnings per share. Consolidated net sales rose 7% year-over-year to $64 million, while adjusted EBITDA from continuing operations was $15.4 million, or 24% of sales, compared to $17.1 million a year earlier, with the decline driven by a one-time $4.3 million vendor settlement received in the prior-year quarter. Cannabis segment net sales increased 5% to $53.5 million, international medical exports jumped 74% year-over-year and 43% sequentially, and cannabis gross margin expanded by 900 basis points to 51%. The company ended the first half with approximately $73 million in cash and expects stronger free cash flow in the second half as capital expenditures from its Canadian and Netherlands expansions near completion.
Village Farms International IncRecord Q2 cannabis revenue, fifth straight profitable quarter, and strong cash position.
