Village Farms International (VFF), a grower of agricultural produce and cannabis, announced Monday that it has acquired 100% of Colorado-based CBD-platform Balanced Health Botanicals for $75 million. Balanced Health owns and operates one of the largest brands in the hemp-derived cannabidiol (CBD) market in the United States, providing Village Farms an additional pathway to the high-THC U.S. cannabis market. The acquisition is expected to contribute annualized sales of over $30 million at an annualized adjusted EBITDA margin of over 15% in 2022. (See Village Farms International stock charts on TipRanks) Balanced Health has been able to maintain a top-five market share in the CBD market, while generating positive cash flow.
https://www.tipranks.com/news/village-farms-buys-cbd-leader-balanced-health-botanicals?utm_source=advfn.com&utm_medium=referral
Village Farms (NASDAQ:VFF)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Village Farms Charts.
Village Farms (NASDAQ:VFF)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Village Farms Charts.