Mar 8, 2021 at 7:15PM
Village Farms International (NASDAQ:VFF) stock surged 33.6% in February, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned 2.8% last month.
Shares of the Canada-based greenhouse produce grower, which entered the cannabis space in 2017, are up 310% over the one-year period through Monday, March 8. The broader market has returned about 31% over this period.
Image source: Getty Images.
So what
We can attribute Village Farms stock s strong performance last month to several catalysts, including those outlined below.
In the two-day period through Feb. 5, shares rose 7.8% following the company s Feb. 4 announcement that it was launching its first cannabis-infused edible products, Pure Sunfarms Real Fruit Gummies, in the Canadian market.
Village Farms International s Pure Sunfarms Launches Branded Gummies
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VANCOUVER, BC, Feb. 4, 2021 /PRNewswire/ - Village Farms International, Inc. ( Village Farms or the Company ) (NASDAQ: VFF) (TSX: VFF) today announced its wholly owned subsidiary, Pure Sunfarms, unveiled its first cannabis-infused edible products, Pure Sunfarms Real Fruit Gummies. A selection of Pure Sunfarms Real Fruit Gummies are expected to be launched in British Columbia next week, with the full range of flavours and potencies expected to be available in that province, as well as other provinces, in the months ahead. With the launch of Real Fruit Gummies, Pure Sunfarms offers branded products in each of the five largest cannabis product categories in Canada – dried flower, pre-rolls, vapes, edibles and oils – which can comprise as much as 90%