Reschedule Marijuana joint motion filedVFF and Hemp for Victory joint file motion to disqualify DEA from oversight of proposed marijuana rescheduling process. Low cap interesting play here at support, could it go lower and reverse split yes that's a possibility but the company to my knowledge never has split and they've been around for some 37 years!
VFF trade ideas
Village Farms International Inc - $VFF Chart AnalysisTAKE A HIT OR LET IT SIT?
Village Farms International Inc is on a mission to get you high, but are investors getting high on their own supply? -- Let's take a look at what they're smoking...
On the weekly, $VFF looks like it's just completed it's primary 4th wave and on the last leg down on the 5th wave. Expect the MACD to start showing divergence as we near the complete impulse wave near $3, if price action slips right past, expect $2.38 to be area of strength for support.
As much like most of the cannabis sector, expect this cycle to wrap up and be ready to smoke around Aug. 5th or so...
Bullish Bat with Double MACD Bullish DivergenceWe have Bullish Divergence on the RSI and 2 Instances of Bullish Divergence on the MACD at the PCZ of a Bullish Bat Pattern on the Daily; the Moving Averages are beginning to curl up and the 4 hour is testing sitting at the moving averages at the Neckline of a Double Bottom at the time of posting.
Will ascendent channel confirm?I think the ascendent channel will confirm.
This company just reported strong results on its third-quarter.
Plus, 2 days ago they acquired 70% of a company based in Quebec, additional to 3 more acquisitions in the past two years.
This will add cash, so the company can keep growing.
This is just my opinion.
VFF when was the last time you saw a Strong Buy rating ?!I think Cannabis stocks will be the next EV`s in terms of market explosion in the next few years.
Yesterday, 8/17/2021 Raymond James brokerage Boosted VFF`s Price Target to Strong-Buy from $26.00 to $27.00
My price target is 20usd.
Two days ago Village Farms International Acquired 100% of Balanced Health Botanicals, a Profitable Leader in the US CBD Category, which provides immediate access to the US retail CBD market, estimated to grow to US$16 billion by 20252 (from US$4.7 billion in 20202).