Growing IGF Canada, Inc. has announced an ambitious plan to establish a 21-acre greenhouse facility in the Township of Augusta, Ontario. To ensure the success of this substantial project, they have engaged Clariti Strategic Advisors Inc., a Toronto-based investment banking and strategic advisory firm, along with its subsidiary Clariti Capital Markets Inc., as exclusive strategic and financial advisors.
Advanced Dutch Technology for Higher Yields and Efficiency
The facility will incorporate technology from Dutch Greenhouses, a renowned Netherlands-based greenhouse technology provider. With a proven track record of large-scale projects, Dutch Greenhouses will supply the technological backbone to achieve higher-than-average production yields and efficiency while minimizing waste. The greenhouse will initially focus on high-quality tomato production, aiming to meet the growing North American consumer demand for fresh, better-tasting vegetables available year-round, regardless of climate risks.
Strategic Land Acquisition and Government Support
To accommodate future growth, Growing IGF Canada has secured the option to purchase up to 484 acres, ensuring room for expansion beyond the initial phase. Local and regional governmental bodies have demonstrated strong support for the project, offering priority access to essential infrastructure and utilities such as gas, water, and electricity. This collaboration will be instrumental in the successful implementation of the project.
Commitment to Innovation and Sustainability
Marc Zuidhof, speaking on behalf of Growing IGF Canada, emphasized the company’s dedication to innovation and sustainability in agriculture. “The development of our 21-acre greenhouse facility in Augusta is a testament to our commitment to innovation and sustainability. By integrating cutting-edge technology and data-driven management, we aim to achieve exceptional production efficiency and minimize waste. With the support of Clariti and its registered affiliate, we are confident in our ability to secure the required funding to bring this vision to life, delivering fresh, high-quality tomatoes to the North American market year-round.”
Industry Recognition and Financial Backing
Bonnefield Financial, a leading agriculture finance company, has been closely monitoring developments in the Canadian greenhouse sector. Andrea Gruza, Managing Partner at Bonnefield, noted, “Ontario is globally recognized as a leading producer of controlled-environment vegetables. Increased investment in the industry, and knowledgeable groups like Growing IGF Canada, can help to advance and strengthen Canada’s position as a leader in this space.”
Rahul Suri, CEO of Clariti, added, “We have been very impressed by the Growing IGF Canada team’s technological expertise and vision for how leading growing practices in the Netherlands can be transferred to the North American market. We look forward to continuing to work with Growing IGF Canada as it capitalizes on the significant market opportunities the company has identified.”
