A decade in the making: Vertical Farm Systems signs $55m Canadian contract

A decade in the making: Vertical Farm Systems signs $55m Canadian contract

Vertical Farm Systems founders Ashley Thomson and John Leslie.

A Sunshine Coast-based vertical farming technology company has sprouted up in a globally competitive marketplace to secure a $55 million contract with a Canadian customer, sowing the seeds for future prospects as negotiations continue in other jurisdictions.

Vertical Farm Systems was founded by Ashley Thomson and John Leslie in 2009 when they first saw the opportunity to engineer a system that would allow producers to grow crops indoors year-round with no need for chemicals or pesticides and significantly lower water use.

Their XA Warehouse System will allow the undisclosed Canadian grower to use their automated technology to grow leafy greens indoors across multiple levels.

"It may seem like we’ve come out of nowhere, but we’ve been working on this technology for almost a decade," says Thomson, Vertical Farm Systems' managing director.

"Now we’re able to take it to market we can see the massive global potential.

"In addition to our Canadian customer, we have sold units to growers in New Zealand, the UK and we’re currently negotiating multi-million dollar deals in the UAE and the USA."

The Vertical Farm Systems XA Series Warehouse System is the result of nine years of intensive development and commercial testing, with the technology allowing producers to grow a wide range of leafy greens and herbs indoors in an almost entirely automated system that only needs to be operated by one person.

The company - located in North Arm, south of Eumundi - claims its system can produce 400kg of leafy greens per week, uses 95 per cent less water than open field farming, offers lower transport costs as it can be installed anywhere that offers suitable power and water supplies.

"Strategic positioning close to the point of sale or in distribution hubs dramatically decreases the time from harvest to consumer and reduces costs for refrigerated storage and transport," the company states.

"Over a year, a small XA Series system with 500 square metres of building floor area can produce the same harvest as eight acres of traditional farming."

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Superloop board rejects "opportunistic" takeover offer from Aussie Broadband

Superloop board rejects "opportunistic" takeover offer from Aussie Broadband

The board of Superloop (ASX: SLC) has taken little time in assessin...

Australian data protection authority received almost 500 breach reports in December half

Australian data protection authority received almost 500 breach reports in December half

While it’s no secret that cybersecurity attacks have posed a ...

Melbourne-based software consultancy and tech firm Leonardo bought by UST

Melbourne-based software consultancy and tech firm Leonardo bought by UST

California-based digital transformation solutions company UST ...

Reality bites for 3D tech company Euclideon as administrators appointed

Reality bites for 3D tech company Euclideon as administrators appointed

Euclideon, a Brisbane-based 3D data visualisation technology compan...