Is Village Farms Stock (NASDAQ:VFF) All but Burnt Up?
40 states and Washington, D.C. now permit either medical or recreational marijuana use. Simultaneously, the cannabis market has grown exponentially and is expected to continue doing so for years. However, because of still-high interest rates, market saturation, and ongoing earnings disappointments, I remain bearish on one of the industry’s darlings: Village Farms (NASDAQ:VFF), which looks burnt up. The global cannabis market is expected to increase from $27.7 billion in 2022 to $82.3 bill...
Source: yahoo.com