When the World Health Organization declared COVID 19 virus a global pandemic, hundreds of businesses and markets worldwide fell apart. A majority of them enacted temporary closures. Others reduced operations, which meant relieving off some employees their duties. Finally, however, things have begun to show up if some businesses’ Q2 2021 Financial results are anything to go by. Take, for example, Village Farms International Inc (NASDAQ: VFF) 

The large-scale and high-value supplier of high-growth plant-based Consumer Packaged Goods has gone public with its Q2 2021 financial results. And for record purposes, the company attained a total net sales growth of 38% sequentially. This was in addition to a 192% sequential increase in adjusted EBITDA. Thanks to its Canada-based subsidiary, Pure Sunfarms. 

The continued momentum has placed Pure Farms in a position of becoming a long-term market leader in the Canadian cannabis market. Its strength is in Retail Branded Sales and according to Michael DeGiglio, CEO, Village Farms, “…our continued market share, leadership and growth, including our first-ever quarter as the top-selling* Licensed Producer in Ontario, gives us even more confidence that we will achieve our stated goal of 20% market share….”

The Acquisition of Balanced Health Botanicals by Village Farms

The Canadian legal cannabis market is snowballing. Additionally, Senate leadership’s recently introduced cannabis bill in the US is a crucial identifier of progress in regulatory change. As a result, Village Farms has swung into identifying potential pathways to expand its footprint. 

Its acquisition of a 100% interest in Colorado-based CBD-platform Balanced Health Botanicals is possible one of them. The company develops CBD-based health and wellness products and has established a diversified portfolio, including edible, topical, and ingestible applications. The acquisition comes with immediate access to the US retail CBD market, an experienced team and product categories, and an opportunity for Village Farms to add significant expertise to Balanced Health’s supply chain. 

Since 2016, Balanced Health Botanicals has built a leading brand and is hugely proud of impacting the lives of its consumers.