(Sept. 4) The acquisition of Hot House Growers Income Fund boosted the revenues of Eatontown, N.J.-based Village Farms Income Fund 105% during the second quarter.

Village Farms bought the 136-acre greenhouse operation based in Vancouver, British Columbia, in October 2006, giving the company greenhouse production in Canada, the U.S. and Mexico and year-round supplies. For the period ending June 30, Village Farms reported its revenues increased $16.8 million to $32.8 million. The company attributed $15 million of that growth to Hot House’s business.

Michael DeGiglio, chief executive officer of the fund’s operating subsidiaries, said in a news release the company had reduced its debt 10% to $65.4 million since the transaction.

Gross profits for the period ended June 30 were $1.4 million, up from a loss of $2.2 million at the same time last year. Despite the improvements, Village Farms reported a net loss of $1.8 million for the quarter. That was down 29% from a loss of $2.6 million in the same period last year.

Agro Power Development Inc. is the parent company of Village Farms LP, the U.S. operation, and the business operations of Hot House Growers Inc. will be carried on through Village Farms Canada LP.