May 26, 2022

Notable News to Watch: Village Farms International (NASDAQ:VFF)

Village Farms International (NASDAQ:VFF) spotted trading -83.92% off 52-week high price. On the other end, the stock has been noted -12.26% away from the low price over the last 52-weeks. The stock changed -13.13% to recent value of $2.91. The stock transacted 1023041 shares during most recent day however it has an average volume of 886.11K shares. The company has 52.40M of outstanding shares and 41.90M shares were floated in the market.

On March 09, 2020, Village Farms International (NASDAQ:VFF) disclosed it has finalized its previously announced settlement agreement with Emerald Health Therapeutics (TSXV: EMH;OTCQX: EMHTF) (Emerald) and closed the related transactions. The settlement agreement settles all outstanding disputes with respect to Pure Sunfarms.

The net impact of the settlement and related transactions on the ownership of Pure Sunfarms, as agreed to by both Village Farms and Emerald, is such that as of December 31, 2019, Village Farms owned 53.5% of Pure Sunfarms and Emerald owned 46.5% of Pure Sunfarms, and as of the date of this news release, Village Farms owns 57.4% of Pure Sunfarms and Emerald owns 42.6% of Pure Sunfarms.

The price moved ahead of -35.12% from the mean of 20 days, -44.72% from mean of 50 days SMA and performed -66.50% from mean of 200 days price. Company’s performance for the week was -30.05%, -47.19% for month and YTD performance remained -53.29%.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.