MARKET OPPORTUNITY

MARKET OPPORTUNITY

Canadian Grown Produce

Canada and the United States are two of the top three global importers of lettuce.  Climate change, unstable supply chains and production shortfalls are prompting national grocers to seek an alternative, domestic lettuce supply.

PROBLEM:
Over 90% of lettuce comes from California and Arizona, specifically the Salinas Valley, where a lack of available water and shortage of farm workers are reducing agricultural capabilities.

SOLUTION:
Domestic, local food production for Canadian and American consumers using state of the art vertical farming technology.

Source: Statista: Grand View Research © Statista 2018

Additional Information:
Canada; Statista: Grand View Research; 2014 – 2016

Estimated market value of vertical farming in Canada from 2014 to 2025 (in millions U.S. dollars)

Leafy Greens

Leafy greens is the number one category in produce. It is projected to grow 7% from 2019 to 2023 to become a US $103 billion global industry.

Lettuce Segment Dollar Sales, USA

Leafy Greens' Product Sales Growth

Source: IRI Unify, Last 52 Weeks Period Ending June 14 th 2020; Nielsen Last 52 Weeks Period Ending October 31, 2020, Alphabridge research All figures in $USD

Microgreens

The North American microgreens market is US $1.7 billion and is projected to reach US $3 billion in 2027.  Inexpensive to grow, nutritious microgreens are a favorite of professional and at home chefs.

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From your 20’s to your 60’s, you get 40 seasons.

In AgTech, you get 40 attempts in a week.

SEA TO SKY FARMS

Sea to Sky Farms combines vertical farming technology with limited natural resources to grow fresh, nutritious and reliable produce for local markets across North America. Using less water, less land, less labour, less energy and no pesticides or fertilizers, Sea to Sky Farms is committed to supplying sustainably grown produce and ensuring food security for all.