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After 15 years, GoodLeaf proves there’s profit in vertical farming | BetaKit (betakit.com)

submitted 1 week ago by new_otters_raft@piefed.ca to c/buycanadian@lemmy.ca

15 comments fedilink hide all child comments

Guelph, Ontario-based GoodLeaf Farms has become profitable across its vertical farming operations for the first time.

The context: GoodLeaf, which was founded in 2011 in Halifax, has spent over a decade developing recipes and proprietary tech that helps the firm maximize the yield and quality of its produce by monitoring and controlling light, air, and water delivery to its plants. The company, which counts McCain Foods, Farm Credit Canada, and Power Sustainable Lios among its backers, attributes its success to “years of innovation, disciplined growth, and strategic investment.” It also comes on the back of fivefold revenue growth over the past three years, as GoodLeaf’s total sales soared from $6.4 million in 2023 to $34 million in 2025. GoodLeaf said its revenue is up another 31 percent this year, thanks to rising consumer demand and expanded retail distribution.

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[–] HubertManne@piefed.social 17 points 1 week ago

generally its artificial lights but it uses ones that are just the wavelengths the plants need and then the idea is to use clean energy sources. in return you are using less land for farmland and growing it in a high density area so that you save energy on shipping. then also harvesting and such can use clean sources. I was sorta the opposite of you. I was jazzed for it but afraid it would not become cost effective.