Key Takeaways:
- ZERO’s first North American project, Future FarmCo, is a joint venture with Canadian investors.
- The project involves converting a former pharmaceutical Cannabis facility near Toronto into a diversified production and research site.
- Plans include the conversion of existing spaces and potential expansion on an additional 90 acres of land.
- The project will utilize renewable energy supplied by regional hydroelectric power plants.
- Its strategic location near Toronto serves both the Canadian domestic market and Northeast American cities well.
ZERO, a pioneering company in agricultural technology, has announced its first North American project, Future FarmCo, in Canada. Collaborating with Canadian investors, this venture marks a significant development in the region’s agricultural sector.
Project Overview
Future FarmCo, resulting from the joint venture, has acquired a property previously owned by the Cronos group. This facility, initially a pharmaceutical Cannabis production site, encompasses an area of over 30,000 m2. Located just an hour from Toronto, the site is set for a significant transformation using ZERO’s advanced technology.
Conversion and Expansion Plans
The project focuses on converting the existing infrastructure into a diversified production, research, and development platform. The executive plans for this industrial conversion are in the finalization phase, with a comprehensive market study underway to identify potential commercial partners. The property also boasts about 90 acres (45 hectares) of land available for future expansion of production capacity.
Sustainable Energy Sources
A notable aspect of this project is the availability of renewable energy at favorable rates supplied by the regional network of hydroelectric power plants. This sustainable energy source is integral to the project’s operations, ensuring an eco-friendly approach to agricultural production.
Strategic Location
The strategic location of the Future FarmCo site is not just ideal for meeting the domestic market’s needs in Canada but also positions it advantageously to serve major American cities in the Northeast. This geographical advantage underscores the project’s potential to impact a broader market.
