GoodLeaf Farms, Canada’s first and largest commercial indoor vertical farm operator, is excited to announce Farm Credit Canada (FCC) as a new strategic investor. This partnership with FCC will further strengthen GoodLeaf’s position in the Canadian agricultural ecosystem by driving innovation, enhancing food security, and providing locally grown, nutritious products to Canadians.
Throughout the past year, GoodLeaf has experienced significant growth, expanding its production capacity to over 280,000 square feet across three farms in Alberta and Quebec. This expansion has allowed the company to increase its national retail presence, with products now available in over 2,700 locations. The investment round, which included FCC and existing shareholders McCain Foods and Power Sustainable Lios, underscores the strength of GoodLeaf’s institutional support and capital foundation.
Andy O’Brien, President and CEO of GoodLeaf Farms, expressed his excitement about the strategic investment from FCC. He highlighted the shared vision between the two organizations to innovate Canada’s agricultural sector through collaboration and expertise. O’Brien emphasized the importance of FCC’s expertise and capital in supporting the growth and development of vertical farming in Canada.
The investment from FCC comes at a time when microgreens are gaining popularity for their unique flavors, nutritional benefits, and convenience. GoodLeaf Farms uses cutting-edge vertical farming technologies that require 97% less water than traditional methods, maximizing land use efficiency and reducing the growth cycle to as few as seven days. This allows GoodLeaf to provide Canadians with premium, sustainably grown greens year-round.
Douglas Hewson, Vice-President of Investment for FCC Capital, highlighted the organization’s commitment to supporting Canada’s agriculture and food industry through innovation and productivity. He expressed FCC’s excitement to invest in GoodLeaf, recognizing the company’s potential to drive innovation and create benefits across the sector.
GoodLeaf Farms, founded in Halifax in 2011, is dedicated to growing delicious, nutrient-rich greens using innovative technology and multi-level vertical farming. The company operates three commercial-scale farms across Canada, supplying leading retailers and food service operators with safe, pesticide-free, nutrient-dense produce. GoodLeaf also collaborates with universities in Canada, the USA, and Europe, as well as commercial partners, to continue driving innovation in the agriculture industry.
Through its partnership with FCC and existing investors, GoodLeaf is well-positioned to continue its growth and innovation in the Canadian agricultural sector. The company’s commitment to sustainability, food security, and providing high-quality products to Canadians sets it apart as a leader in the industry.
For more information about GoodLeaf Farms, visit their website at goodleaffarms.com. FCC, as a commercial Crown corporation, remains dedicated to supporting Canadian agriculture and food production through flexible financing and capital solutions. The organization reinvests profits back into the industry and communities it serves, ensuring the long-term success of Canadian food producers and processors.
