Village Farms International (NASDAQ: VFF) has been notified by Nasdaq that it is not in compliance with the minimum bid price requirement. The company's common shares closed below US $1.00 from September 6, 2024 to October 17, 2024. Village Farms has until April 16, 2025 to regain compliance with the Minimum Bid Requirement.
During this compliance period, Village Farms' shares will continue to trade on the Nasdaq Capital Market. If the bid price closes at or above US $1.00 for a minimum of 10 consecutive business days before the deadline, the company is expected to regain compliance. If not, Village Farms may be eligible for an additional 180-day period or face potential delisting, with the option to appeal to a Nasdaq Hearings Panel.
Dan’l : $Village Farms International (VFF.US)$ doesn’t look *awful* save for the negative net margins (-15.98%) and EPS surprises. Projected sales growth of 16.72%. Debt/Capital is 11.48%. Two (outdated?) BUY ratings; Zack’s HOLD.