Elevate Farms Inc., a vertical farming company raised C$26 million through a series of investments worldwide.
Amin Jadavji, CEO of Elevate Farms stated, "Brightspark's return as a significant investor in our most successful period of fundraising, along with the election of Douglas Janzen to our Board at the last meeting of shareholders, speaks to the exceptional growth of profile and institutional support, both internally and externally, Elevate has received in the capital markets industry. We are now exceptionally well capitalized and buoyed by outstanding institutional backing through commercial and corporate governance expertise."
"The farming industry is going through massive changes as the effects of weather change, standardization and modernization are rapidly becoming reality. Elevate Farms' solution addresses the market need and its unique approach sets it up for market leadership. We are very excited by the prospects of the company," said Mark Skapinker, Partner at Brightspark.
For more information:
Graham Keltie, CFO