Nasdaq Gives Village Farms Compliance Deadline Extension

Apr 21 2025

Written by

Cannabis Risk Manager

Cannabis Company Has Until October 13 to Avoid Delisting From Nasdaq Capital Market Over Low Share Price

Village Farms International (NASDAQ: VFF), a leading North American cannabis operator, has been granted a 180-day extension by the Nasdaq Capital Market to comply with its minimum $1 per share closing bid price requirement, the company announced in a recent news release.

This extension gives Village Farms until October 13, 2025, to bring its stock price back in line with Nasdaq listing standards and avoid potential delisting risks.

Nasdaq Compliance Extension Follows Previous Low-Price Warning and Temporary Recovery in 2024

The company’s extension comes after the expiration of its initial 180-day grace period on April 16, 2025. This is not the first time Village Farms has faced pressure to meet Nasdaq’s listing requirements. In October 2023, the cannabis operator received a similar extension after receiving a compliance warning in April 2023.

Village Farms was able to regain compliance in April 2024 before once again falling below the required threshold.

The company operates across North America, with offices in Vancouver, British Columbia, and Lake Mary, Florida, and trades publicly on the Nasdaq Capital Market under the ticker symbol VFF.

Village Farms Could Regain Compliance if Share Price Hits $1 for 10 Straight Business Days

According to the company, it can successfully regain Nasdaq compliance if its shares close at or above $1 for 10 consecutive business days within the new 180-day window. This is a standard benchmark used by Nasdaq to measure sustained performance and investor confidence.

The ability to maintain Nasdaq listing status is critical for cannabis operators like Village Farms, as it helps preserve access to institutional investors, increased liquidity, and capital markets visibility.

Failure to Meet Nasdaq Requirements Could Lead to Delisting, With Right to Appeal Decision Before Hearings Panel

Should Village Farms fail to meet the minimum bid price requirement by the October 13 deadline, the company could face delisting proceedings from the Nasdaq Capital Market.

However, the company will retain the right to appeal the decision and request a review by a Nasdaq hearings panel, potentially buying more time and presenting a case for continued listing.

Ongoing Share Price Volatility Reflects Broader Market Pressures in the Cannabis Industry

Village Farms’ ongoing share price volatility highlights the wider challenges currently facing public cannabis companies, including regulatory uncertainty, competitive pressures, and capital constraints. While the company continues to pursue operational efficiencies and market expansion, maintaining its Nasdaq listing remains vital for long-term investor confidence.

As the cannabis sector matures, public companies like Village Farms must navigate compliance hurdles and financial headwinds to remain competitive in a rapidly evolving industry landscape.