• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Elevate Farms Gets a $10M Investment to Build Vertical Farms in Remote, Food-Insecure Corners of Canada

by Jennifer Marston
May 15, 2020May 15, 2020Filed under:
  • Ag Tech
  • Business of Food
  • Featured
  • Foodtech
  • Funding
  • Modern Farmer
  • Vertical Farming
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Canada-based Elevate Farms has entered into an agreement with North Star Agriculture Corp. for an initial buildout commitment of $10 million (USD) to bring Elevate’s vertical farming technology to isolated parts of Northern Canada. The two companies will develop a series of large-scale automated vertical farming facilities in the Yukon and other Canadian territories. The farms will produce about 1 million pounds of leafy greens per year.

Elevate uses a proprietary vertical farming system that relies on hydroponics, patented LED technology, and automation to grow leafy greens and herbs in climate-controlled environments. Like other vertical farming companies, the company claims its indoor agricultural methods use less resources (e.g., water) and require less human labor, which is in major shortage in the agricultural industry right now.

The company closed a $1.8 million seed round led by Brightspark Ventures in February of this year.

Elevate founder and CEO Amin Jadavji said in this week’s press release that the buildout of these new farming facilities will bring more food security and nutrition to “particularly isolated and vulnerable regions of Canada.”

Food security in Northern Canada is a major issue, as communities tend to be remote and food distribution is more difficult and expensive than it would be in more densely populated regions. There’s also the fact that you can’t grow produce outdoors 24/7 based on the climate of the area. North Star Agriculture Group, which is based in the Yukon city of Whitehorse, has been especially active in raising the volume on the dialogue about food insecurity and looking for ways to bring more agricultural infrastructure to the region.

While leafy greens by themselves can’t save an insecure food system (man cannot live by basil alone), of all the produce types, they tend to be the most delicate and perishable, which makes them a priority when it comes to providing food locally. 

At the same time, vertical farming is at a point where it needs to prove itself in terms of its ability to provide fresh, local food to surrounding communities at affordable prices. To do that, companies will need to be able to scale to the levels of producing millions of heads of lettuce without incurring astronomical expenditures themselves. 

Up to now, most large-scale vertical farming operations are in or nearby large cities and supply grocery stores and specialty food markets. If the partnership between Elevate and North Start Agriculture Corp. proves plentiful (literally and figuratively), it could be the blueprint for a new use case for large-scale vertical farming, and further evolve the technology’s role in the future of the agricultural system.


Related

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • Elevate Farms
  • food insecurity
  • vertical farming

Post navigation

Previous Post Barcelona’s Cubiq Foods Raises €5M to Produce Better-for-You Cultured Fat
Next Post Would You Prefer to Stand in a Virtual Line When Going to the Grocery Store?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Report: Restaurant Tech Funding Drops to $1.3B in 2024, But AI & Automation Provide Glimmer of Hope
Don’t Forget to Tip Your Robot: Survey Shows Diners Not Quite Ready for AI to Replace Humans
A Week in Rome: Conclaves, Coffee, and Reflections on the Ethics of AI in Our Food System
How ReShape is Using AI to Accelerate Biotech Research
How Eva Goulbourne Turned Her ‘Party Trick’ Into a Career Building Sustainable Food Systems

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.