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GoodLeaf Farms raises $52 Million for Canadian capacity expansion and new Agricultural Centre of Excellence

GoodLeaf Farms raises $52 Million for Canadian capacity expansion and new Agricultural Centre of Excellence

Published 5 months, 3 weeks ago
Description
The latest episode of BC Food News hosted by Jennifer English discussed significant developments at GoodLeaf Farms, Canada's leading vertical farming company. GoodLeaf recently raised $52 million in equity financing intended to expand their facilities and set up a new Agricultural Centre of Excellence in Ontario. This funding heralds a promising boost for Canada's food security and sustainability efforts as the company plans to double its largest farming capacities in Alberta and Quebec by 2026. Backed by new and existing shareholders like Farm Credit Canada, Power Sustainable Lios, and McCain Foods, the firm's multi-level farming techniques enable them to deliver fresh, pesticide-free produce all year round. The episode concluded by examining the roles of the new investors who are supportive of advancements in agricultural practices and sustainability.
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