Key Takeaways
- GoodLeaf Farms secured $52 million in equity financing to expand capacity at its Alberta and Quebec farms and develop a new R&D centre in Ontario.
- The company reported surging national demand for its baby greens and microgreens, nearly doubling by April 2025.
- Investors include Farm Credit Canada (FCC), Power Sustainable Lios, and McCain Foods, reflecting confidence in vertically grown Canadian produce.
- Funding will support a new Agricultural Centre of Excellence focused on advancing sustainable and efficient growing practices.
- Leadership highlights the role of vertical farming in strengthening Canadian food security and local supply chains.
GoodLeaf Farms Secures New Funding to Scale National Operations
GoodLeaf Farms, Canada’s largest vertical farming operator, has completed a $52 million equity financing round aimed at expanding production capacity in Alberta and Quebec while establishing a new research and development centre in Ontario.
The company noted that 2025 has been a pivotal year, marked by accelerated growth and rising demand for domestically grown leafy greens. GoodLeaf’s baby greens, microgreens, and blended products experienced nearly double the demand by April, signaling broad national adoption of controlled-environment produce.
“We entered 2025 with incredible momentum, and by April, demand for our products nearly doubled as Canadians from coast to coast embraced Canadian-grown greens,” said Andy O'Brien, CEO of GoodLeaf Farms. “With this new funding, we will double the capacity of our two largest farms in 2026, giving Canadians even greater access to premium, locally grown baby greens and nutrient-dense microgreens.”
Investor Support Strengthens Canada's Local Food Supply
The financing round brought participation from both new and existing investors, including Farm Credit Canada (FCC), Power Sustainable Lios, and McCain Foods.
“FCC is proud to deepen our partnership with GoodLeaf, supporting Canada's growing appetite for locally produced, fresh food,” said Adam Smalley, Managing Director of FCC Capital. “GoodLeaf's innovative approach is exactly what Canada needs to drive productivity, strengthen our food economy and ensure a reliable supply of fresh produce.”
Power Sustainable Lios also reiterated investor confidence in controlled-environment agriculture, despite broader market challenges.
“The ability to raise funds in today's market speaks to the confidence investors have in vertical farming as a key solution to Canada's food security challenges, and the key operational and financial milestones GoodLeaf has achieved,” noted Jonathan Belair, Managing Partner of Power Sustainable Lios.
Longtime partner McCain Foods emphasized the company’s role in transforming Canadian agriculture.
“McCain Foods is a homegrown Canadian success story; we invest in fellow Canadian innovators transforming agriculture and advancing sustainability,” said Charlie Angelakos, Vice President, Global External Affairs and Sustainability. “From the early days, we have been a key partner in GoodLeaf's development, and we're excited to continue supporting their mission.”
GoodLeaf Farms' New R&D Centre to Advance Sustainable Growing Practices
A portion of the funding will support the development of a new research and development facility in Ontario. This centre will focus on refining sustainable production methods, improving crop yields, and optimizing energy and resource efficiency across GoodLeaf’s three commercial-scale vertical farms.
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