Village Farms reports record international sales, Netherlands revenue up 448%

Village Farms (NASDAQ:VFF) reported consolidated net sales of $50.2 million for the first quarter of 2026, a 27% increase year-over-year.

The results were headlined by a 171% surge in international cannabis exports, which reached a record $14.6 million and now represent nearly 30% of total company revenue.

The company achieved net income of $2.9 million, or $0.03 per share, a significant turnaround from the loss reported in the same period last year.

Adjusted EBITDA from continuing operations reached $9.9 million, representing a healthy 20% margin.

Growth was particularly aggressive in the Netherlands, where sales skyrocketed 448% as the company expanded its presence within the Dutch governmental cannabis program.

A primary driver of the quarter’s success was the company's focus on high-margin international medical markets, particularly Germany, the UK, and Australia.

Village Farms highlighted that it has upgraded what it believes to be the world’s largest EU-GMP certified cannabis facility.

This certification is critical for entering restrictive European medical markets that require pharmaceutical-grade production standards.

To meet projected demand for the second half of 2026 and beyond, the company is currently ramping up production in both Canada and the Netherlands to support an expected acceleration in sales.