Village Farms International, Inc. (VFF) is a Canadian-based greenhouse company.
Beyond growing common vegetables like tomatoes and peppers — a business that this company has been engaged in for many years — Village Farms International also recently become involved in the recreational marijuana industry.
In recent years, the VFF stock price is up considerably — as investors consider the company’s potential to create significant revenue in a new business.
However, serious questions have been raised about the company’s business model and its actual financial position.
Indeed, in April of 2019, Citron Research released a report on Village Farms International arguing that federal regulators should investigate the firm for possible stock manipulation.
Research Firm Sets $1 Price Target on Village Farms International
Citron Research alleges that Village Farms was a struggling vegetable growing operation until it found a way to entice investors and juice up its stock price in 2017 by entering the marijuana industry.
Notably, at this time, Citron Research contends that Village Farms set up a joint venture with companies and operators that have a history of engaging in penny stock manipulation and ‘pump-and-dump’ schemes. Citron Research has put a target price on VFF at just $1 per share, far below its current market value.
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