With the closure of a successful new funding round, GoodLeaf Farms is embarking on an aggressive growth and expansion plan to build a national network of vertical farms.
Backed by a sizeable investment from McCain Foods Limited — which has increased its total investment in GoodLeaf to more than $65 million — the vertical farming grower will bring its innovative and proprietary controlled-environment agriculture technology to more Canadian markets over the coming year. The plan is to provide more Canadian consumers with year-round local food that is typically imported from the southern United States or Mexico.
“From our start in Truro to our first commercial farm in Guelph, GoodLeaf has built a strong foundation for future growth,” says Barry Murchie, Chief Executive Officer of GoodLeaf. “We want to be a global leader in vertical farming. Our first step to accomplishing that is ensuring we have a strong footprint in Canada, giving Canadians access to top quality, nutrient-dense, sustainably grown and pesticide-free leafy greens 365 days a year.”
GoodLeaf opened its first commercial vertical farm in Guelph, Ont., in the fall of 2019. By the end of 2021, GoodLeaf is planning two more indoor vertical farms — one to serve the grocery and food service networks in eastern Canada, and one for western Canada.
Exact locations will be announced shortly.
At its 45,000-square-foot Guelph farm, every day GoodLeaf is harvesting microgreens (Spicy Mustard Medley, Asian Blend, Micro Arugula, Micro Radish and Pea Shoots) and baby greens (Ontario Baby Kale, Ontario Baby Arugula and Ontario Spring Mix) for Ontario grocery stores.
Source: GoodLeaf Farms February 25, 2021 news release