GoodLeaf Farms has secured a $150 million investment from McCain Foods and Power Sustainable Lios to expand its innovative indoor vertical farming operations across Canada.

Information on the Target

GoodLeaf Farms is Canada’s first and largest commercial indoor vertical farming operation. Founded in 2011 in Halifax, GoodLeaf focuses on producing nutrient-rich greens through innovative technology and sustainable practices. The company's indoor farms utilize advanced hydroponic systems combined with LED lighting to create optimal growing conditions, allowing for year-round cultivation of a variety of crops without the use of pesticides or herbicides. Currently, GoodLeaf operates a fully automated 50,000-square-foot facility in Guelph, Ontario, and has established a significant presence in the market, supplying over 500 grocery retailers and food service outlets in Ontario with its fresh products.

Industry Overview in Canada

The Canadian agri-food industry is undergoing significant changes, particularly as consumer preferences shift towards local and sustainable food sources. Approximately 90% of leafy greens consumed in Canada are currently imported, primarily from the southwestern United States. This dependency poses challenges related to product freshness, nutrient retention, and environmental sustainability, as the long transportation distances contribute to spoilage and waste.

Indoor vertical farming presents a promising solution to these challenges by enabling local production of fresh greens. The industry is gaining traction as advancements in hydroponics and controlled-environment agricul