GoodLeaf Farms

Overview
Activities
News
Vertical Farming?
Product stageSegments
Growth
?
Farm Operators: Hydroponics
?

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.

HQ location:
35 Cooper Drive Guelph ON CAN
Founded year:
2015
Employees:
51-100
IPO status:
Private
Total funding:
USD 247.7 mn
Last Funding:
USD 58.0 mn (Debt Financing; May 2023)
Last valuation:
-
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