Key Takeaways
- New Strategic Investor: Farm Credit Canada (FCC) joins GoodLeaf Farms as an investor, strengthening the company’s role in Canadian agriculture.
- Expansion and Growth: GoodLeaf now operates 280,000+ square feet of production capacity across three farms in Ontario, Alberta, and Quebec.
- Increased Retail Presence: The company supplies 2,700+ retail locations nationwide, driven by demand from major grocery and food service partners.
- Strong Institutional Support: The funding round includes FCC, McCain Foods, Power Sustainable Lios, and Export Development Canada (EDC).
- Sustainable Agriculture: GoodLeaf’s vertical farming technology uses 97% less water than traditional farming and provides year-round access to premium greens.
FCC Invests in GoodLeaf Farms to Advance Canadian Food Security
GoodLeaf Farms, Canada’s first and largest commercial indoor vertical farm operator, has announced Farm Credit Canada (FCC) as a new strategic investor. The investment will enhance GoodLeaf’s ability to innovate, support food security, and provide Canadians with locally grown, nutritious greens.
Scaling National Expansion
The announcement follows a year of significant expansion, with GoodLeaf operating over 280,000 square feet of production across Ontario, Alberta, and Quebec. The company has successfully broadened its national retail presence, supplying over 2,700 grocery and food service locations to meet the growing demand for fresh, locally grown produce.
CEO Perspective
Andy O’Brien, President and CEO of GoodLeaf Farms, highlighted the importance of FCC’s investment: “This strategic investment by FCC signals another important milestone for GoodLeaf, bringing valuable expertise and capital to support the important role of vertical farming within the Canadian food system. Our team and Farm Credit Canada share a vision to innovate Canada’s agricultural sector through shared knowledge, relationships, and expertise. We’re proud to have FCC as a partner and look forward to working together as we execute our strategy.”
Institutional Backing and Financial Strength
The funding round includes participation from FCC, alongside key shareholders McCain Foods and Power Sustainable Lios. With Export Development Canada (EDC) already part of its investor base, GoodLeaf now boasts a uniquely strong capital foundation to support further expansion and innovation.
FCC’s Investment Vision
Douglas Hewson, Vice-President of Investment for FCC Capital, emphasized the importance of supporting modern agriculture: “FCC is committed to supporting Canada’s agriculture and food industry through increasing productivity and innovation. We are pleased to invest in GoodLeaf as it pursues growth and innovation that has the potential to create benefits across the sector. This growing business continues to demonstrate the ingenuity that is driving the future of food production in Canada, and we are excited to be part of its journey ahead.”
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