Growth fund lands new vertical commercial farm in Alberta

CALGARY, Alta., Nov. 29, 2021 (GLOBE NEWSWIRE) – Canada’s largest commercial vertical farmer, GoodLeaf Farms, expands operations in Calgary with a boost from the government’s Growth and Investment Fund (IGF) from Alberta.

The fund helps established businesses make high impact investments that create jobs, making Alberta a prime location for new businesses.

GoodLeaf operates a proprietary vertical indoor farming system that uses a suite of technologies to grow leafy varieties of vegetables year round without pesticides or herbicides.

The company’s new 74,000 square foot indoor vertical farm, planned at 108 Ave SE, will create 70 jobs and supply major metropolitan areas in Alberta, British Columbia and the Prairies with varieties of fresh leafy vegetables , local and ready to eat. GoodLeaf’s current business partners include Loblaws, Metro and Longo’s.

The GoodLeaf farm benefits from a $ 2.7 million incentive from the Alberta Investment Growth Fund and is the first project to receive funding from the program.

“I would like to welcome GoodLeaf Farms to Alberta, where they will benefit from our weak corporate tax system, an educated and skilled workforce, and excellent infrastructure. The Investment and Growth Fund shows serious investors that attracting investment, and in particular high impact investments that create meaningful jobs, is a high priority for our province.

– Doug Schweitzer, Minister of Employment, Economy and Innovation

Invest Alberta helps companies increase awareness of the Alberta Growth and Investment Fund, while providing investment advisory services to companies wishing to come to Alberta. An eligible project must create 25 jobs and deploy at least $ 15 million in capital expenditures. Potential program applicants and partner ministries can use Invest Alberta’s investment advisors to access the program.

Companies in the later stages of decision making will also need to demonstrate that Alberta and at least one other jurisdiction are actively considered for investment.

“We are delighted to welcome GoodLeaf’s vertical farming operation to our province. Alberta is home to a leading food and beverage processing industry and the most welcoming climate for businesses and investors in North America. We will look to the agri-food sector to help lead Alberta’s economic recovery plan and drive growth, and this innovative project is a step in the right direction, creating jobs, giving the region an economic boost. and creating a sustainable local source for year-round greens in Alberta.

– Nate Horner, Minister of Agriculture, Forestry and Rural Economic Development

GoodLeaf strives to be a global leader in vertical indoor farming, and our first step in achieving this is to ensure we have a strong footprint in Canada. Establishing this farm in Calgary is essential to this goal, and the support of the Government of Alberta, Invest Albert Corporation and the Investment and Growth Fund is essential to making this farm a reality. In Calgary, we have a location on a main corridor and central access point to Western Canada, ideally placed to supply fresh, Canadian-grown leafy greens to grocery stores and restaurant networks between the Prairies and the Pacific. all year.. “

– Jeff McKinnon, Senior Vice President, Network Development, GoodLeaf Farms

“Programs like the Investment and Growth Fund give Alberta a competitive advantage in attracting new and exciting investments to the province. Today’s announcement with GoodLeaf is another example of high impact, high value investment in Alberta that creates jobs and increases Alberta’s innovative advantage in the agri-food sector.

– Rick Christiaanse, CEO, Invest Alberta

Alberta will be home to GoodLeaf’s third Canadian operation, which will also create opportunities to partner with post-secondary educational institutions on agri-food innovation.

Construction of the Calgary farm is currently underway and is expected to be completed by the end of 2022. It will produce more than one million pounds of local leafy greens annually that will land on grocery shelves across the West. Canadian by early 2023.

About Invest Alberta:

Invest Alberta is dedicated to attracting investment, with a mandate to engage the world and provide tailored, high-end support to businesses, investors and major new projects. With offices in key markets around the world, Invest Alberta strives to break down barriers so investors and businesses can start, grow and succeed without limits.

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