Mon, Jun 24, 9:02 PM (119 days ago)
Village Farms International, Inc. filed Amendment No. 2 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. This amendment primarily aims to correct the Report of Independent Registered Public Accounting Firm. No changes were made to the financial statements from the Original 10-K. The company reported total sales of $285.6 million, a decrease from $293.6 million in 2022. The net loss attributable to shareholders was $31.8 million, significantly improved from a net loss of $101.1 million in 2022. Operating expenses were $65.5 million, down from $72.3 million in 2022. The company experienced impairments totaling $14 million, primarily due to goodwill and brand write-downs in its U.S. Cannabis segment. Earnings per share were a loss of $0.29, compared to a loss of $1.13 in 2022. The amendment also includes updated certifications from the CEO and CFO as required by the Sarbanes-Oxley Act. The company's financial condition remains stable with total assets of $466.9 million and total liabilities of $148 million.