While most cannabis names have broken trend line support, VFF support is still in tact. We are now seeing a nice bounce in VFF and one which we think will continue. VFF is one of the strongest cannabis players in the space and will be a market leader when the cannabis bear market is over.
*actually profitable with other farming products contributing *reasonable P/E and P/EBITDA and P/S *already growing good quantities *ultra low cost 0.65/GRAM already (will decrease with addition of outdoor growing acreage) *weed crop and sales expected to be profitable in Q1 2020 *good acreage *does outdoor and indoor growing *facilities in place *has branded products *has access to US market in multiple states *has access to Canadian market
As always, use protectives stops and trade with caution.
Village Farms is a great company. its down the road from my house. its actually the best climate for growing in BC that's why they have ultra low cost production. I am liking the price of VFF. great play long in the new year.