Key Takeaways:
- Global Expansion: Elevate Farms is extending its operations to Switzerland and the Northeast US, building upon its successful presence in the US and New Zealand.
- Innovative Farming Techniques: The company’s use of advanced photobiology research allows for 95% less water usage and over 300 times the productivity of traditional farming.
- Commitment to Quality and Sustainability: Elevate Farms prioritizes producing high-quality, sustainable food at a cost-effective price point for mass-market consumption.
- Strategic Leadership Addition: Nikolas Oetker has been appointed Chief Marketing Officer, enhancing the company’s strategic direction with his extensive experience in the food industry.
- Mission-Driven Approach: The company’s focus on sustainable, vertical farming aims to contribute positively to the global food system’s evolution.
Expanding the Horizons of Agriculture
Elevate Farms Inc. (Company Profile) has expanded its vertical farming operations for leafy greens in the United States and Europe. The company aims to contribute positively to the transition of global food systems with this move.
Industry Innovation Through Research
The company’s approach is grounded in extensive photobiology research, a collaboration with the University of Guelph in Ontario, Canada. “Our partnership with academic research has been pivotal. Understanding plant behavior in controlled environments allows us to optimize growth conditions and significantly reduce resource use,” said Per Aage Lysaa, co-founder of Elevate Farms.
Leadership for Strategic Growth
Nikolas Oetker’s recent appointment as Chief Marketing Officer is expected to drive the company’s marketing strategies and business growth forward. “Joining Elevate Farms offers an exciting opportunity to apply my experience in food business management to promote sustainable agriculture on a global scale,” stated Oetker.
Sustainable Solutions for Food Production
Elevate Farms emphasizes the importance of sustainability in its operation, aiming to produce food that is not only nutritious and flavorful but also environmentally responsible. “Our mission is to elevate agriculture through technology that allows for sustainable food production closer to consumers, reducing the environmental impact of traditional farming practices,” explained Amin Jadavji, co-founder.
Vision for the Future
As Elevate Farms expands its footprint globally, its innovative vertical farming techniques set a new benchmark for sustainability and efficiency in agriculture. “We are committed to playing a pivotal role in the transition towards more sustainable and efficient global food systems,” Jadavji added.
Elevate Farms Latest News
Begins Operations In Latest US Farm (2023/03/02)
The company has recently announced the beginning of operations at its first wholly-owned US farm, Elevate New Jersey. The farm spans over 14,000 square feet and boasts fully autonomous grow rooms, processing, packaging, and administration spaces. This vertical farm has a massive capacity to produce up to 11,000,000 plants or 500,000 pounds of plants annually, making it one of the most efficient vertical farms in the world, with over 105 lbs per foot of annual production.
New Advisory Board Members Announced by Elevate Farms (2022/11/11)
Elevate has elected Brad Katsuyama and Nikolas Oetker to its Advisory Board. Amin Jadavji, CEO of Elevate Farms, said that both individuals are exceptionally qualified to help Elevate Farms navigate its path. Nikolas Oetker has expertise in managing food distribution at the largest volumes globally, while Brad Katsuyama is known for creating a new, democratized stock exchange.
Nets a USD 19M Funding From Brightspark Capital (2022/10/05)
The company raised over C$26 million (USD 19M) through equity and secured project finance. Brightspark Capital Inc. led the financing, showing exceptional growth of profile and institutional support for Elevate in the capital markets industry. Elevate also signed the Vertical Farming Manifesto, committing to developing sustainable food production systems with emerging technology.
Image provided by Elevate Farms
