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GoodLeaf Farms

Vertical Farming
Product stageSegments
Growth
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Farm Operators: Hydroponics
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GoodLeaf Farms, a Canadian hydroponic vertical farm operator, operates a 45,000 sq. ft. vertical farm (Guelph farm) in Ontario, Canada. The company grows and sells microgreens and baby greens to nearby restaurants, fresh produce retailers, and distribution partners. The company also has an R&D facility in Nova Scotia.

In September 2023, GoodLeaf Farms completed the construction of its 96,000 sq ft vertical farm facility in Calgary upon receiving a grant worth CAD 2.73 million (USD 2.13 million) from Alberta Government’s Investment and Growth Fund in November 2021. The company planted its first test crops for the retail and foodservice markets in Western Canada. The farm, slated to begin full production by fall 2023, will produce more than two million lbs of leafy greens annually, with an expected 40 annual harvests of microgreens and 20 annual harvests of baby greens.

Key customers and partnerships

To develop an AI-based platform to supplement its vertical farms, GoodLeaf partnered with multinational AI and technology firm Adastra in April 2022. The platform would optimize growing conditions for crops across the company’s farms in Ontario. The company also received USD 1 million in financial support for the project from Scale AI. In February 2023, the company partnered with Unfold, a California-based seed and digital solutions provider for the vertical farming industry, to commercialize premium lines of vertically farmed spinach and other leafy greens through Unfold's Innovation Partner Program.

Funding and financials

In December 2022, Goodleaf Farms raised CAD 150 million (~USD 110 million) in funding led by McCain Foods to expand across Canada, opening new farms in Calgary and the Montreal region.

Vertical Farming

Vertical Farming

Key stats
Featured companies
103
Total funding (USD)
5.7 Bn
Total addressable market (USD)
36.4 Bn
Key competitors
 
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Company profile
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Recent Updates

Geographic expansion
Sep 13, 2023
GoodLeaf constructs Calgary farm; plants first test crops
Vertical Farming
Funding
May 17, 2023
GoodLeaf secures USD 78 million in debt and equity
Vertical Farming
Partnerships
Feb 27, 2023
GoodLeaf Farms partners with Unfold
Vertical Farming
Geographic expansion
Funding
Dec 7, 2022
GoodLeaf Farms' raises CAD 150 million in funding to support national expansion
Vertical Farming
Geographic expansion
Nov 29, 2022
GoodLeaf Farms to open new indoor farm in Montreal, Canada
Vertical Farming
Partnerships
Apr 14, 2022
GoodLeaf Farms to develop AI-based platform for its vertical farms via USD 2.5 million partnership deal with Adastra
Vertical Farming

Company Brief


HQ location:
35 Cooper Drive Guelph ON CAN
Founded year:
2015
Employees:
51-100
Total Funding:
USD 247.7 million
Last Funding
USD 58.0 million, May 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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