Land Betterment’s Agricultural Division Acquires 50% Ownership Interest in Canadian Greenhouse Operations & More Trending News

 

FISHERS, IN / ACCESSWIRE / January 25, 2023 / Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental options firm fostering constructive influence by way of upcycling former coal mining and industrial websites to create sustainable group growth and job creation, in the present day introduced that its subsidiary, Betterment Harvest, has efficiently closed on 50% possession pursuits in two world-class operational greenhouse corporations, JC Fresh Farms Ltd. (“JC Fresh”) and Orangeline Farms Ltd. (“Orangeline”) anchored by 65-acres of state-of-the-art, managed setting rising amenities primarily based in Ontario, Canada.

Canada boasts some of the strong greenhouse produce sectors in the world. Ontario alone has one of many highest focus of greenhouse amenities and ag-tech skilled expertise. This area consists of over 200 greenhouse farms rising quite a lot of produce on over 3,000 acres. These high-tech rising strategies can yield as much as 20 occasions extra product per acre and make the most of much less water and fewer inputs than conventional farming strategies. Every yr, Ontario greenhouse farms develop in extra of 520,000 tons of produce and are main the world in resilient and sustainable vegetable manufacturing.

Matt Tatomir, Co-President of Betterment Harvest and Founder of JC Fresh and Orangeline, commented, “Our goal is to provide the absolute best-in-class produce through efficient operations with the least impact to our environment as possible. This is accomplished by our world-class progressive team, who ensures a positive employee experience and the collaboration of key thought partners. We couldn’t be more excited to partner with Land Betterment and the team to expand our business not only in Canada but also throughout the United States. We have had the opportunity to get to know each other for over a year and are confident that our unique skill sets bring incredible synergies to the business.”

Kirk Taylor, President and CFO of Land Betterment added, “The partnership with Matt and his team provides the leadership and talent pool needed as we plan to expand on our existing sites, as well as expansion within South Western Ontario, Canada, Missouri, Indiana, Ohio, Kentucky and beyond. Creating sustainable outcomes for communities facing transition is the bedrock of each of our business pillars and this acquisition is a great example of our team’s ability to execute. We are excited to bring support to an extremely talented operational team and to help them grow the business, manage costs and eventually prepare for the Company’s public offering in the United States marketplace.”

JC Fresh Farms Limited
JC Fresh Farms Limited property contains of 33-acres of hi-tech double poly greenhouses with the flexibility to develop operations by an extra 15 acres of high-tech subtle glass. The facility is positioned in Kingsville Ontario, Canada and is presently in manufacturing with a spotlight in the unique specialty tomato class.

Orangeline Farms Limited
Orangeline Farms Limited is comprised of two agriculture websites. The first being an improved 52.2-acres consisting of 20-acres of hi-tech, double poly greenhouses and an extra 12-acre hi-tech, glass facility. The web site is positioned in Leamington Ontario, Canada. The facility is presently in manufacturing with a deal with the unique pepper market, consisting of bell and snacking peppers. The web site additionally has further acerage which could be utilized to additional develop the power by 48 acres of hi-tech subtle glass.

The JC Fresh and Orangeline Farm websites yield a synthesized, collaborative, best-in-class group specializing in a high-yield, low-cost manufacturing output. The amenities additionally leverage superior rising expertise enabling yields of 10-12 occasions larger than conventional farming strategies. Their hydroponic rising system, together with using superior LED lighting, facilitates constant, year-round manufacturing of high-margin produce. In addition, their top-quality produce is packaged inside highly-automated packing amenities encompassing greater than 100,000 sq. toes. These superior rising strategies and packing amenities be certain that solely their high-yielding, best-in-quality produce make it onto retailers’ cabinets and into customers’ properties.

Both JC Fresh and Orangeline Farms have intensive companion agreements with a few of the largest entrepreneurs and distributors in the world. Their merchandise could be discovered all through North America inside a few of the largest retailers, together with, however not restricted to, Wal-Mart, Costco, and Loblaws.

Betterment Harvest
Betterment Harvest, a Land Betterment firm, is a number one managed setting agriculture (CEA) firm with a extremely scalable mannequin and the off-take agreements to assist its development plan. This strategic acquisition expands Betterment Harvest’s footprint. Previously in 2021, Betterment Harvest introduced its buy of the previous Willard Elementary School in Perry County Kentucky with the purpose of turning it right into a vertical farming operation with a deal with plant propagation. To study extra, go to bettermentharvest.com.

Land Betterment Corporation
Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, is an environmental options firm centered on fostering a constructive influence by way of upcycling former coal mining websites to create sustainable group growth and job creation. The Company makes use of an entire solution-based lifecycle program to revive and rehabilitate the setting and revitalize communities in want of change and alternative. Land Betterment accomplishes this by figuring out un-reclaimed, run-down and uncared for coal mining websites, fixing the setting by way of reclamation and remediation, after which repurposing the land to assist a sustainable enterprise that serves the group. Land Betterment firmly believes that with actual options it’s attainable for restoration of impacted areas to stay side-by-side long run employment, whereas constructing sustainable and secure environment for communities and our planet. For extra data go to landbetterment.com or join with the Company on Facebook, Twitter, and LinkedIn

Special Note Regarding Forward-Looking Statements
This press launch comprises “forward-looking statements” inside the that means of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain recognized and unknown dangers, uncertainties, and different vital elements that might trigger the Company’s precise outcomes, efficiency, or achievements or trade outcomes to vary materially from any future outcomes, efficiency, or achievements expressed or implied by these forward-looking statements. These statements are topic to quite a lot of dangers and uncertainties, a lot of that are past Land Betterment Corporation’s management. The phrases “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or comparable expressions are meant to establish forward-looking statements, though not all forward-looking statements comprise such figuring out phrases. Any forward-looking statements included in this press launch are made solely as of the date of this launch. The Company doesn’t undertake any obligation to replace or complement any forward-looking statements to replicate subsequent occasions or circumstances. The Company can’t guarantee you that the projected outcomes or occasions might be achieved.

Company Contacts:
Mark LaVerghetta
317.537.0492 ext. 0
Chief Governance Officer, Corporate Finance
information@landbetterment.com

Stephanie Conzelman
207.205.0790
Stakeholder Engagement Director
information@landbetterment.com

Land Betterment Corporation, Wednesday, January 25, 2023, Press release picture

Land Betterment Corporation, Wednesday, January 25, 2023, Press launch image

JC Fresh Farms Interior View

View further multimedia and extra ESG storytelling from Land Betterment Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Land Betterment Corporation
Website: https://www.3blmedia.com/profiles/land-betterment-corporation
Email: information@3blmedia.com

SOURCE: Land Betterment Corporation

View supply model on accesswire.com:
https://www.accesswire.com/736713/Land-Betterments-Agricultural-Division-Acquires-50-Ownership-Interest-in-Canadian-Greenhouse-Operations

Land Betterment’s Agricultural Division Acquires 50% Ownership Interest in Canadian Greenhouse Operations

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