Guelph, Ontario-based GoodLeaf Farms has become profitable across its vertical farming operations for the first time.
The context: GoodLeaf, which was founded in 2011 in Halifax, has spent over a decade developing recipes and proprietary tech that helps the firm maximize the yield and quality of its produce by monitoring and controlling light, air, and water delivery to its plants. The company, which counts McCain Foods, Farm Credit Canada, and Power Sustainable Lios among its backers, attributes its success to “years of innovation, disciplined growth, and strategic investment.” It also comes on the back of fivefold revenue growth over the past three years, as GoodLeaf’s total sales soared from $6.4 million in 2023 to $34 million in 2025. GoodLeaf said its revenue is up another 31 percent this year, thanks to rising consumer demand and expanded retail distribution.
It’s part of the vice market, which tends to do well in bad economic times as many people don’t tend to reduce vice spending with discretionary spending reductions, though they might redirect their spending towards products that give more bang for the buck. Though in my experience, weed is pretty cheap for how long it can last, especially since prices have come below the black market prices pre-legalization.
Though that black market still exists with even lower prices now and lack of funds might push more towards it, which will probably lead to a ramping up of enforcement.
Found the guy who only reads the headlines before posting.
This is not about weed.
But it could be!