Vertical farming platform TruLeaf raises $8.5 mln in funding
TruLeaf Sustainable Agriculture Ltd, a Bible Hill, Nova Scotia indoor farming company, has closed an $8.5 million equity financing. Mike Durland, a former Scotiabank executive, led the round and was joined by a group of Canadian investors. With the deal, Durand and Neil Murdoch, a former Connor, Clark and Lunn Financial Group executive, will join the company's board. Founded in 2011, TruLeaf has developed a vertical farming technology system to grow nutrient-rich, pesticide-free produce. It will use the funds raised to expand its product offerings and enter new markets. TruLeaf is also backed by Innovacorp.
8 December 2016•4 mins read
