Is Village Farms International a Buy?
To the dismay of investors, the cannabis sector as a whole has seen a significant decline. Industry benchmarks such as the Horizon Marijuana Life Sciences ETF and the ETFMG Alternative Harvest ETF are down 60.8% and 42.1%, respectively, over the past six months. While the raw excitement surrounding marijuana stocks seems to have died down in light of these declines, there are a handful of companies that have become excellent value investments because of this.
One of these is a small cannabis producer called Village Farms International (NASDAQ: VFF). With a market cap of only $614.5 million, shares of the company have fallen by 36% over the past six months but still beat the industry benchmarks. While losing over a third of its stock price might not seem promising at first glance, there are a number of reasons why Village Farms International is poised for growth and why this drop is a good buying opportunity.
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Source Fool.com
