Canadian cannabis producer Pure Sunfarms delivers another profitable quarter
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British Columbia-based Pure Sunfarms reported yet another profitable quarter as revenue rose substantially compared to the previous three-month period.

The cannabis producer saw net sales grow to . million Canadian dollars ($ million) for the quarter ended Sept. .

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Adjusted EBITDA – a measure of profitability – increased 5% from the previous quarter to CA$5. million.

Pure Sunfarms said its dried flower achieved 5.% market share by kilograms sold last month in Ontario – Canada’s largest market.

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Its year-to-date market share of that category with the Ontario Cannabis Store was .% by kilograms sold, which Pure Sunfarms said is tops in the industry.

On Nov. , Vancouver, British Columbia-based Village Farms International completed the acquisition of Pure Sunfarms by buying all remaining shares from Emerald Health Therapeutics.

That gave Village Farms full control of Pure Sunfarms.

“With 5% sequential growth in dollar sales, Pure Sunfarms’ third quarter highlighted its strong sales momentum as its leading brand continues to resonate with consumers,” Village Farms CEO Michael DeGiglio said in a news release.

Concurrently, Village Farms reported its financial results for the three months ended Sept. .

Village Farms reported sales of $ million in the quarter, along with adjusted EBITDA of $. million.

Shares of Village Farms International are traded as VFF on the Nasdaq and Toronto Stock Exchange, respectively.

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