Pure Sunfarms, the Canadian cannabis unit of U.S. and Canadian produce company Village Farms International, reported a net income of 2.5 million dollars ($1.8 million) for its second quarter.
British Columbia-based Pure Sunfarms, citing Hifyre data, said it held on to the No. 1 market share spot for dried cannabis flower in Canada during the quarter ended June 30.
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“We are more confident than ever that our Canadian cannabis business is positioned to be one of what we continue to believe will be just a handful of winners,” Village Farms CEO Michael DeGiglio said during a Tuesday morning earnings call.
“And as we get it right and win in Canada, we have great confidence that we can get it right and win in other international markets.”
Total gross Canadian cannabis sales were CA$53.8 million, with total net sales of CA$38 million.
The Canadian cannabis segment’s adjusted earnings before
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