Vertical Farming Firm Raises 46 million from Provincial Authorities

Quebec vertical farming firm Winter Farm raises CAD 46m for rising hydroponic strawberries

Vertical Farming Firm Provincial Funding | Gwen Jones |

Quebec-based vertical farming firm Winter Farm has raised CAD 46 million (approx. $34.3 million) to strengthen its place within the vertical farming business.

The milestone was achieved due to a “renewed dedication” from the Quebec authorities and Investissement Québec, in addition to help from new buyers. The funding can be used to construct a vertical farming website devoted to strawberry manufacturing.

In response to Winter Farm, the Vaudreuil website will produce almost 1 million kilograms of Fraise d’hiver strawberries yearly.

Within the coming months, six 600-square-metre vertical farm installations can be added to 2 present farms already in operation to permit for manufacturing of “high-quality” strawberries, whereas utilizing between 20 to 25 occasions much less area than open area manufacturing. The positioning can even get well 90% of irrigation water used and generate minimal greenhouse gases.

Winter Farm vertical farming firm has additionally introduced the acquisition of Les Serres Vaudreuil, previously owned by the St-Denis household, who will now handle operations and manufacturing of Fraise d’hiver strawberries.

Alain Brisebois, president and CEO at Winter Farm, stated: “The arrival of latest companions is a vote of confidence in favour of Winter Farm’s industrial potential and our potential to ship superior-quality fruit. Innovation is vital to develop a extra sustainable and aggressive native agriculture that may problem import markets.”

André Lamontagne, Minister of Agriculture, Fisheries and Food, chargeable for the Centre-du-Québec area, commented: “An agriculture based mostly on a wide range of manufacturing fashions is crucial to rising sustainable meals autonomy in Quebec… Our authorities is happy to help…[Winter Farm’s] efforts in offering customers with wholesome native merchandise, year-round.”

Man LeBlanc, president and CEO at Investissement Québec, added: “Investissement Québec is proud to resume its help of Winter Farm. Their modern vertical manufacturing options deal with the agri-food and environmental challenges we face. This new venture will allow them to extend native manufacturing and strengthen Quebec’s meals autonomy.”

Unique Article: