Introduction

GoodLeaf Farms, a prominent Canadian vertical farming company, has recently obtained agricultural financing to drive its commercial growth and expand its network of indoor farms across the country. This funding will facilitate the establishment of new farms in Calgary and Montreal in 2023, solidifying GoodLeaf's position as a frontrunner in Canada's vertical farming industry. In this article, we delve into the details of GoodLeaf and its agricultural financing endeavors.  

Agricultural Financing for GoodLeaf

The addition of the Calgary and Montreal farms will contribute an impressive 200,000 square feet of production capacity to GoodLeaf's operations. Each farm is expected to yield approximately two million pounds of locally grown, pesticide-free leafy greens annually. This expansion positions GoodLeaf as the sole Canadian vertical farming company capable of delivering nutrient-dense baby greens and microgreens from coast to coast. In addition to the support from CIBC and Farm Credit Canada (FCC), GoodLeaf is delighted to announce an equity investment from Export Development Canada (EDC), in partnership with Power Sustainable Lios. This strategic collaboration bolsters GoodLeaf's ownership group and enhances the company's capabilities.  

Expert Insights

Barry Murchie, CEO at GoodLeaf, expressed his enthusiasm about the partnerships, stating, "We are thrilled to collaborate with CIBC, Farm Credit Canada, and Export Development Canada as we expand our operations and reinforce our leadership in vertical farming. We are committed to addressing the challenges faced by Canada's agricultural system." Tim Robbins, Market Vice-President at CIBC, commented on the collaboration, saying, "We are delighted to support GoodLeaf's ongoing growth. The company's experienced team is dedicated to developing high-quality, sustainable products for Canadians, and we are proud to be part of their journey." Fred Oickle, Senior Relationship Manager at FCC, added, "FCC is excited to be part of GoodLeaf's expansion, enabling them to provide even more nutritious food to Canadians. Their growth exemplifies the innovation driving the future of food production in Canada."  

GoodLeaf's Growing Methods

GoodLeaf's indoor vertical farms employ cutting-edge technology to cultivate microgreens and baby greens throughout the year, overcoming the limitations imposed by seasons. By adopting a local farming approach, GoodLeaf ensures optimal taste, freshness, and nutrient content. The company's hydroponic system utilizes traditional ebb-and-flow watering, delivering nutrient-rich water to the plants. Furthermore, energy-efficient LED lights replicate the spectrum of the spring sun, creating ideal growing conditions year-round. GoodLeaf's microgreens and baby greens are readily available in leading Ontario retailers, such as Loblaws, Sobeys, Metro, Zehrs, Real Canadian Superstore, Foodland, Longos, Valu-Mart, Your Independent Grocer, Fortinos, Whole Foods, Voilà, and various independent grocers. Moreover, an increasing number of restaurants are incorporating GoodLeaf's fresh and nutritious greens into their menus.   Conclusion With the acquisition of this agricultural financing, GoodLeaf is set to revolutionize agriculture in Canada. By providing locally grown, nutrient-dense greens year-round, GoodLeaf establishes a high standard for sustainable and innovative farming practices. The company's expansion will contribute to a more resilient and efficient food system in Canada.

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