Key Takeaways:
- Growcer has won the bid to acquire Freight Farms’ assets, pending customary closing conditions
- The $2.6 million transaction includes Freight Farms’ software, IP, inventory, manufacturing blueprints, and support infrastructure
- Freight Farms ceased operations in April 2025 after prolonged financial strain, including layoffs and a failed merger
- Growcer plans to support existing Freight Farms customers and continue its mission of advancing local food production
- Final transaction closing is expected by the end of July 2025
Growcer Secures Freight Farms’ Assets in Strategic Acquisition
Purchase marks new phase for Freight Farms’ community of growers
Growcer has officially won the bid to acquire substantially all assets of Freight Farms, the Boston-based developer of containerized vertical farming systems that filed for bankruptcy earlier this year. The acquisition is pending standard closing conditions, with the transaction expected to finalize by the end of July 2025.
The acquired assets include Freight Farms’ software infrastructure, completed Greenery container farms, spare parts inventory, intellectual property, manufacturing blueprints, and support knowledge base. According to sources close to the bankruptcy court proceedings, the winning bid was $2.6 million. This amount has not been officially confirmed by Growcer.
Growcer to Support Freight Farms’ Global Network
Smooth transition and continuity top priorities for existing users
Growcer’s leadership emphasized a commitment to ensuring continuity for Freight Farms’ global customer base. With installations in over 500 locations worldwide, the transition aims to provide stability for institutions and community organizations already using the technology.
Corey Ellis, Co-founder and CEO of Growcer, stated via LinkedIn, “We’re proud to steward Freight Farms’ mission into the next chapter. We look forward to building long-term sustainability for this community of growers.”
According to sources, the backup bidder in the court-supervised process was Climactiva Group, LLC, with a bid of $2.575 million.
Freight Farms Legacy Continues Under New Stewardship
From shutdown to renewal, Growcer aims to carry the torch
Founded over a decade ago, Freight Farms was known for its shipping-container farms that enabled year-round growing in diverse climates. In an April 2025 message to clients, the company thanked its community, saying, “Serving you over these last 13 years has been our deepest honor.”
Growcer has stated that further details on integration and support plans will be released after the deal closes. For now, the company is focused on engaging Freight Farms’ growers and ensuring operational continuity.
Growcer
Founded in 2015, Growcer develops hydroponic vertical farming systems aimed at making fresh, local produce accessible in communities across Canada, including remote and northern regions. The company emerged from the founders’ experience with food insecurity in the Canadian North.
Growcer has since expanded to work with farmers, schools, nonprofits, and retailers nationwide. Its approach focuses on empowerment, offering customized solutions and ongoing support to meet local food security goals and community needs.
