US indoor farm announces financing agreement

Contain Inc announces a financing agreement arranged between GeoGreens LLC and ShoreGrow LLC. GeoGreens is a locally owned New Jersey-based indoor farm owned and operated by Desmond Hayes. This arrangement will fund the 1,800 square foot expansion of the farm and help Hayes fulfill his mission of providing healthier and more nutritious food to the masses, particularly in food-insecure areas and minority communities.

With 4+ years in the industry and a Master’s of Science in both Environmental Science and Civil Engineering, Hayes is eager to use his expertise for good. His expansion plan is driven by his faith in himself, as well as his strong convictions about sustainability, preserving the planet’s resources, and helping toward ending world hunger. “Starvation isn’t everywhere on the globe, or even in the country, but the places that require better, healthier foods are being burdened even more as the population continues to grow,” said Hayes. “I come from minority communities and have seen firsthand the impacts of unhealthy eating or no eating at all. Indoor farming and hydroponics can help toward correcting the inefficiencies of the existing food supply chain and how we provide food to those in need.”

Hayes developed an organic relationship with ShoreGrow LLC over the years and thus decided to purchase additional equipment from the New Jersey-based grow equipment supplier. ShoreGrow will provide additional equipment to GeoGreens, including plumbing, grow trays, and monitoring apparatus. The GeoGreens expansion will use this equipment to build and retrofit its model of the existing space, which contains structural movable grow racks. The expected opening date of the new GeoGreens facility is in November 2021.

“There is nothing more satisfying for Contain than placing financing for new start-ups in our industry,” said Doug Harding, Head of Leasing & Vendor Relations at Contain Inc. “There is no doubt that we share the same vision as Demond and GeoGreens regarding controlled environment agriculture and today’s ever-expanding food demand. We look forward to watching Desmond grow and fulfill his mission.”

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