After rebalancing our portfolios this week, we’ve got exciting news about several new opportunities. We are particularly excited about Village Farms International (VFF). Keep reading to see why VFF is a strong buy.
As you know, Cannin’s Cannabis Stock Portfolios track large, mid-tier and small cap cannabis stocks. These include strong buy & hold MSOs (multi-state operators) as well as other other little-known, up-and-coming contenders with near to medium term potential. Our team of experts are constantly evaluating and rebalancing these portfolios for maximum gains.
Keep reading to see our in-depth fundamental and technical analysis for this lesser-known cannabis stock.
Featured Portfolio Stock: VFF
Village Farms International (VFF) is our featured model portfolio stock this week. VFF’s chart is solid, although range bound at the moment. We like VFF’s valuation at around $700 Million. Interestingly enough, we believe VFF is on a breakout to new highs and could easily go to $40/ share and higher. This would be about a 5x increase from current prices.
How do VFF fundamentals look?
Village Farms is one of the largest and longest-operating greenhouse growers in North America. The Company leverages decades of experience in large-scale, low-cost intensive agriculture as a vertically integrated produce supplier to pursue high-value, high-growth plant-based Consumer Packaged Goods opportunities in cannabis and CBD in North America and select markets internationally.
In fact, The Company’s wholly owned Canadian subsidiary, British-Columbia-based Pure Sunfarms is currently one of the single largest cannabis operations in the world, one of the lowest-cost greenhouse producers and one of the best-selling brands in Canada.
Cannin.com initially gave VFF a strong rating back in October of 2020 before the stock soared 4x to February 2021 highs of $20/share. VFF is still trading 2x since our initial recommendation.
Technical Analysis for VFF
In the chart above, you’ll notice a 50% pullback from all time highs in February 2021. We’re entering a support zone where strong buyers appeared in November 2020. In May, this area was tested again with a buying response.
To note, technical traders will likely have stop losses below $7.50. We see major support at $4/share. Volume has been declining as it retests the $8 range in the last few weeks which hints at a lack of selling power. Buyers need to take VFF above $10. Resistance is at $20.
Overall, VFF has strong fundamentals, strong international expansion opportunities and a strong outlook.
VFF in the News
What else has VFF been up to?
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