Elevate Farms acquires Fieldless Farms
Elevate Farms, a Canadian vertical farming technology company, has acquired Fieldless Farms.
The acquisition makes Fieldless Farms a 100% wholly-owned subsidiary of Elevate Farms, while preserving the Fieldless brand and operations in Cornwall, Ont.
Fieldless Farms grows pesticide-free leafy greens powered by renewable energy. Fieldless products can currently be found in Farm Boy as well as other independent retailers across Ontario.
READ: FCC report highlights productivity as key to Canada’s agricultural future
"The acquisition comes at a pivotal moment for Canada's food ecosystem. With shifting global trade policies and new U.S. tariffs disrupting Canadian food imports and demand, investing in local production has never been more important,” said Jon Lomow, chief executive officer, Fieldless Farms, in a press release. “Together, Elevate and Fieldless are securing a stronger, more resilient domestic food supply while creating a more robust offering for Canadian innovation to enter international markets."