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Announced

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McCain Foods and Power Sustainable Lios completed a C$150m investment in GoodLeaf Farms.

Synopsis

McCain Foods, a Canadian multinational frozen food company, and Power Sustainable Lios, a specialized agri-food investor, completed a C$150m ($110m) investment in GoodLeaf Farms, a developer of vertical farming technology. "Adding one of North America's most sophisticated agri-food investors to our team alongside McCain, a global food giant, greatly strengthens GoodLeaf's position as the leader in vertical farming in Canada. Together, we are driving sustainable and innovative agriculture technology that is revolutionizing the way we grow food in Canada. Farming indoors frees us from the limitations of Canadian seasons and supports the harvesting of a superior product all year long that tastes garden fresh," Barry Murchie, GoodLeaf Farms CEO.

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