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GreenForges

Vertical Farming
Product stageSegments
Pre-Seed
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Farm Operators: Hydroponics
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GreenForges is a Canadian hydroponic vertical farming operator that uses a novel underground farming solution.GreenForges took 2 years of R&D to launch its underground farming solution. The company drills 40–90 inch diameter holes and mechanically lowers the vertical farming equipment into it. The farm is lifted above for harvesting and maintenance. GreenForges’ system can produce indoor crops, such as leafy greens, berries, and herbs, and aims to gradually expand into producing traditional crops like wheat and corn. The company aims to cater its solutions to high-rise builders and apartment buildings, where they can supply fresh produce to guests and tenants, differing from existing vertical farm players such as Plenty and Aerofarms, which target grocery stores.

The company claims that temperatures underground stabilize at certain depths regardless of temperatures outside, which allows its underground farming solution to increase energy efficiency by 30–40% compared to upright vertical farms. 

The company, with the support of Zone Agtech, a Quebec-based innovation hub that supports companies with agricultural technologies, will launch its first pilot program to build its 15-meter deep underground farming system in Montreal in Q2 2022. It also plans for farm models that would go as deep as 30 meters, and also plans to produce 2,400 pounds of lettuce each month (about 14,000 pounds a year) for a 100ft farm.GreenForges is a Canadian hydroponic vertical farming operator that uses a novel underground farming solution.GreenForges took 2 years of R&D to launch its underground farming solution. The company drills 40–90 inch diameter holes and mechanically lowers the vertical farming equipment into it. The farm is lifted above for harvesting and maintenance. GreenForges’ system can produce indoor crops, such as leafy greens, berries, and herbs, and aims to gradually expand into producing traditional crops like wheat and corn. The company aims to cater its solutions to high-rise builders and apartment buildings, where they can supply fresh produce to guests and tenants, differing from existing vertical farm players such as Plenty and Aerofarms, which target grocery stores.

The company claims that temperatures underground stabilize at certain depths regardless of temperatures outside, which allows its underground farming solution to increase energy efficiency by 30–40% compared to upright vertical farms. 

The company, with the support of Zone Agtech, a Quebec-based innovation hub that supports companies with agricultural technologies, will launch its first pilot program to build its 15-meter deep underground farming system in Montreal in Q2 2022. It also plans for farm models that would go as deep as 30 meters, and also plans to produce 2,400 pounds of lettuce each month (about 14,000 pounds a year) for a 100ft farm.

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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Product Overview
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Company profile
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Company Brief


HQ location:
Montreal QC CAN
Founded year:
2019
Employees:
11-50
Funding data are powered by Crunchbase
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