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Sea To Sky Farms Acquires Produce Brokerage And Consulting Firm Vertical Choice

PRIVATEMay 16, 2023

Acquiring Company

Sea to Sky Farms

Acquired Company

Choice

AustraliaAgriculture and FarmingFarming

Description

Sea to Sky Farms Inc. (“Sea to Sky” or “the Company) today announced the acquisition of Vertical Choice, a sales brokerage and consulting firm that helps local farmers using sustainable indoor growing systems to sell their produce and grow their businesses. In addition to consolidating sales and marketing processes in-house for Sea to Sky’s vertical farming operations, the acquisition adds a proven revenue stream forecast to achieve top-line sales of $5 million CAD in 2023.

Quick answer

Sea to Sky Farms is acquiring Choice and Produce Brokerage, announced May 16, 2023.

How much did Sea to Sky Farms pay for Choice?
The deal value was not disclosed.
What does Sea to Sky Farms do?
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.
Where are Sea to Sky Farms and Choice based?
Choice is based in Australia.

Source: Fundz verified event record.

Other recent acquisitions in Agriculture and Farming and Farming

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Sea to Sky Farms

About

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. Our controlled environment agricultural systems enable us to produce high-quality crops, grown indoors 365 days of the year. The result is an efficient and more profitable domestic supply of produce while mitigating the impacts of climate change, unstable supply chains and production shortfalls. In addition, Vertical Choice, a Sea to Sky Farms subsidiary, provides sales brokerage and consulting services to our Farmer Partner network, bringing produce to market while supporting growers across sales, farming and business growth verticals. Learn more at www.seatoskyfarms.com

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Frequently asked

Who acquired Choice?

Choice was acquired by Sea to Sky Farms. The deal was reported on May 16, 2023. 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. Sea to Sky Farms is privately held and operates in Agriculture and Farming.

When did Sea to Sky Farms acquire Choice?

Sea to Sky Farms's acquisition of Choice was reported on May 16, 2023. Sea to Sky Farms Inc. (“Sea to Sky” or “the Company) today announced the acquisition of Vertical Choice, a sales brokerage and consulting firm that helps local farmers using sustainable indoor growing systems to sell their produce and grow their businesses. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Choice do?

Read independent and unbiased reviews, product tests, articles, information and buying guides from the experts at CHOICE. Includes appliances, electronics, technology, food and drink, babies and kids, outdoor, health and body and home improvement. It is privately held, and is based in Australia.

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