GoodLeaf Farms raises $52 million for Canadian capacity expansion, new Agricultural Centre of Excellence

GoodLeaf Farms has completed an equity financing totaling $52 million, to expand the production capacity of GoodLeaf's farms in Alberta and Quebec and establish a new research and development center in Ontario.

"We entered 2025 with incredible momentum, and by April, demand for our products nearly doubled as Canadians from coast to coast embraced Canadian-grown greens," said Andy O'Brien, CEO of GoodLeaf Farms. "With this new funding, we will double the capacity of our two largest farms in 2026, giving Canadians even greater access to premium, locally grown baby greens and nutrient dense microgreens."

Investor confidence drives new investments to bolster Canadian food security
This funding round included investments from new and existing shareholders including Farm Credit Canada (FCC), Power Sustainable Lios and McCain Foods.

"FCC is proud to deepen our partnership with GoodLeaf, supporting Canada's growing appetite for locally produced, fresh food," said Adam Smalley, Managing Director of FCC Capital. "GoodLeaf's innovative approach is exactly what Canada needs to drive productivity, strengthen our food economy and ensure a reliable supply of fresh produce for families nationwide. By investing in forward-thinking businesses like GoodLeaf, FCC is helping secure Canada's food future for generations to come."

© GoodLeaf Farms

"The ability to raise funds in today's market speaks to the confidence investors have in vertical farming as a key solution to Canada's food security challenges, and the key operational and financial milestones GoodLeaf has achieved," said Jonathan Belair, Managing Partner of Power Sustainable Lios. "We're proud to support Canadian companies like GoodLeaf that are reimagining the future of our food system and driving sustainable agriculture forward."

Part of the new investment will support the creation of a new research and development centre in Ontario focused on developing more sustainable and efficient growing practices across GoodLeaf's three vertical farms.

"McCain Foods is a homegrown Canadian success story; we invest in fellow Canadian innovators transforming agriculture and advancing sustainability. From the early days, we have been a key partner in GoodLeaf's development, and we're excited to continue supporting their mission," said Charlie Angelakos, Vice President, Global External Affairs and Sustainability of McCain Foods.