GoodLeaf

Latest Capital Raise Fuels GoodLeaf Farms' National Expansion

Latest Capital Raise Fuels GoodLeaf Farms' National Expansion

GoodLeaf Farms, Canada's first and largest commercial indoor vertical farm operation, has closed a successful financing round that will fuel expansion of its technology-driven, innovative indoor vertical farms into Eastern and Western Canada. The $150-million capital raise includes a further investment from McCain Foods and a new partnership with Power Sustainable Lios — a specialized agri-food investor that supports operators across the food value chain in accelerating growth initiatives that foster a more sustainable and resilient food system. With this financing in place, GoodLeaf will establish a national footprint with new farms in Calgary and in the Montreal area alongside its existing fully automated, 50,000-square-foot farm in Guelph, Ont.