successful financing round

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.