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December 6, 2021

McCain Foods-backed GoodLeaf Farms plans second Canadian site

GoodLeaf Farms already has a leafy green facility in Guelph, Ontario.

GoodLeaf Farms, the subsidiary of McCain Foods-backed Truleaf Sustainable Agriculture, is planning another vertical farm in Canada.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Described as Canada’s “largest commercial vertical-farming company”, GoodLeaf’s new 74,000 square-foot site will be located in Calgary and is expected to be completed by the end of next year. The company, which counts frozen-food supplier McCain Foods as its largest shareholder, already has a leafy green facility in Guelph, Ontario.

It also plans to expand into Quebec next year to reach wider distribution of indoor-farmed kale, spinach, Arugula, radishes and pea shoots. The project in Calgary will create 70 jobs.

GoodLeaf CEO Barry Murchie said: “Setting up in Calgary is a huge step forward for GoodLeaf to establish a truly national footprint as Canada’s largest commercial indoor vertical farm. With Canada’s limited growing season, climate-controlled indoor farms offer Canadians access to fresh, locally grown leafy greens year-round.”

The Calgary hydroponic farm will produce more than one million pounds of leafy greens a year and will be on retail shelves early in 2023. Current retail customers include Loblaws and Whole Foods Market and also independent local grocery stores.

GoodLeaf, founded in 2011, has been provided with a CAD2.7m (US$2.1m) grant from the Alberta government’s Investment and Growth Fund to develop the Calgary farm.

McCain Foods ploughed more than CAD65m into GoodLeaf earlier this year to become the majority shareholder, three years after making an undisclosed strategic investment in the business.

Just Food analysis: Indoor farming and the prospects for profitability

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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