Cultures Gen V has secured a strategic partnership with Fondaction and Investissement Québec to accelerate its growth and promote sustainable agriculture in Quebec.

Target Information

Cultures Gen V, the largest diverse greenhouse producer in Quebec and one of the leading producers in the northeastern United States, has announced a significant partnership with Fondaction and Investissement Québec. This collaboration aims to bolster Cultures Gen V's rapid growth and expedite the implementation of its innovative agricultural vision. The partnership is expected to strengthen corporate governance and facilitate a successful transition to the second generation of the Terrault family, who are poised to take over from the company's founders.

Founded 37 years ago, Cultures Gen V has experienced substantial growth, including the recent acquisition of Serres Royales earlier in 2023. The company currently employs around 450 people across four greenhouse complexes totaling 36 hectares, where it employs hydroponic methods to grow a variety of crops including conventional lettuce and tomatoes, as well as organic cucumbers, peppers, and mini cucumbers. Its products are distributed across Quebec, Ontario, eastern Canada, and the United States.

Industry Overview in Quebec

The greenhouse horticulture industry in Quebec has witnessed considerable expansion over the past few years, driven by increasing demand for locally grown produce and innovative agricultural practices. The province's commitment to sustainable agriculture pra