News to Track: Village Farms International (NASDAQ:VFF)

Village Farms International (NASDAQ:VFF) spotted trading -85.33% off 52-week high price. On the other end, the stock has been noted 19.81% away from the low price over the last 52-weeks. The stock changed -4.25% to recent value of $2.48. The stock transacted 454572 shares during most recent day however it has an average volume of 963.40K shares. The company has 56.25M of outstanding shares and 42.57M shares were floated in the market.

On April 3, 2020, Village Farms International (NASDAQ:VFF) notified its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has satisfied all pre-conditions and completed its previously announced expansion of its credit facility with its existing lender to $59 million, including accordion provisions of $22.5 million. (All figures are in Canadian dollars.)

As a pre-condition to completion of the debt facility, Village Farms has made an additional capital contribution of $8 million in Pure Sunfarms and, as a result has further increased its majority ownership of Pure Sunfarms to 58.7% from 57.4%.

The price moved ahead of -12.86% from the mean of 20 days, -39.50% from mean of 50 days SMA and performed -67.98% from mean of 200 days price. Company’s performance for the week was -28.53%, -34.04% for month and YTD performance remained -60.19%.

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