cross-posted from: https://piefed.ca/c/buycanadian@lemmy.ca/p/902428/after-15-years-goodleaf-proves-theres-profit-in-vertical-farming-betakit
Guelph, Ontario-based GoodLeaf Farms has become profitable across its vertical farming operations for the first time.
The context: GoodLeaf, which was founded in 2011 in Halifax, has spent over a decade developing recipes and proprietary tech that helps the firm maximize the yield and quality of its produce by monitoring and controlling light, air, and water delivery to its plants. The company, which counts McCain Foods, Farm Credit Canada, and Power Sustainable Lios among its backers, attributes its success to “years of innovation, disciplined growth, and strategic investment.” It also comes on the back of fivefold revenue growth over the past three years, as GoodLeaf’s total sales soared from $6.4 million in 2023 to $34 million in 2025. GoodLeaf said its revenue is up another 31 percent this year, thanks to rising consumer demand and expanded retail distribution.
one adjustment to this, it’s actually usaully more useful in urban food deserts rather than desert deserts, the idea being that the energy waste expended by growing crops in a tall building that would have done better in direct sunlight low to the ground is offset by reduced transport costs where most of the environmental harm of factory farming is done