GoodLeaf Farms, Canada’s largest national vertical farming operator, has completed a CAD 52 million (approx. $37 million) equity financing round to scale production at its facilities in Alberta and Quebec and to build a new research and development centre in Ontario.

The round included new and existing investors, among them Farm Credit Canada (FCC), Power Sustainable Lios and McCain Foods.

The company said 2025 marked a period of strong growth, with demand for its Canadian-grown baby greens, microgreens and blends rising sharply. Earlier this year, GoodLeaf opened its Agricultural Centre of Excellence in Guelph, which now serves as its R&D hub.

CEO Andy O’Brien said demand for the company’s products “nearly doubled” by April. The new funding will allow GoodLeaf to double output at its two largest farms in 2026, he added.

FCC’s managing director Adam Smalley said the investment aligns with the growing consumer appetite for locally produced produce and supports Canada’s long-term food security.

Jonathan Belair, managing partner at Power Sustainable Lios, said GoodLeaf’s ability to raise capital “speaks to the confidence investors have in vertical farming” and the milestones the company has achieved.

Part of the funding will go towards establishing a new R&D centre in Ontario to advance more sustainable and efficient growing practices across GoodLeaf’s three vertical farms.

Charlie Angelakos, VP of global external affairs and sustainability of McCain Foods, added: "We have been a key partner in GoodLeaf's development, and we're excited to continue supporting their mission".

Top image: © GoodLeaf