Lettuce farmer GoodLeaf Farms has raised $150 million to expand its line of lettuce and microgreens into a national brand. Find out more
GoodLeaf currently sells its packaged greens at grocery chains and restaurants across Ontario, but the major capital injection will help cover the cost of building two new vertical farms, which are already underway in Calgary and Montreal, adding thousands of tonnes of production capacity and extending the GoodLeaf brand into Quebec and Alberta.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
If GoodLeaf manages to pull off a profitable national expansion, Murchie expects doors to open around the world, with opportunities to export the technology or open farms in other countries focused on growing food or even inputs for the pharmaceutical industry. But perhaps more importantly for Canada, a successful national indoor farmer would provide some hope.
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