Green Life Farms, a 100,000 square foot state-of-the-art hydroponic greenhouse in Lake Worth, FL, has acquired Finn Farms, a hydroponic grower on the west coast of Florida. The transaction gives Green Life Farms full ownership of Finn Farms and expands its growth and sales presence in Southwest Florida.
Finn Farms currently owns a 2.5 acre hydroponic greenhouse in southwest Florida that recently completed construction and commissioning. The facility uses nutrient film treatment growing technology from Green Automation, Novarbo, Priva, and others. The facility produces a wide range of leafy vegetables and herbs, including spinach and basil, and is expected to become fully operational and generate revenue in the third quarter of 2021.
Green Life Farms will own and operate the Finn Farms site, which will retain its brand name for herbs and microgreens. The acquisition enables Green Life to rapidly accelerate its sales and capital growth plans, increase technological diversity, and incorporate new intellectual property and licensing rights into its business model. Green Life had previously announced an expansion plan that included a total of eight facilities; Based on market demand for its premium salad products, the company has updated its expansion plan to 13 farms.
Currently, Green Life Farms products, including lettuce, baby rocket, baby kale, baby romaine, and Farmer’s Blend, are available in more than 300 grocery stores and restaurants from Palm Beach to Miami and beyond, including some international locations. In addition, Green Life has partnered with one of the largest food delivery services in the United States to serve its customers in the southeastern United States
Green Life Farms’ process combines technology with best agricultural practices to grow premium leafy vegetables with a focus on sustainability, energy efficiency and environmental stewardship. Its aromatic products are grown without soil in clean, nutrient-rich, oxygen-rich water using natural sunlight and airflow in state-of-the-art greenhouses. Greens are harvested and packaged in a controlled environment to make the cleanest produce year-round, and shipped locally to ensure world-class freshness and a low carbon footprint.
Florida hydroponic salad grower expands
Brian Sparks is Senior Editor of Greenhouse Grower and Editor of Greenhouse Grower Technology. See all author stories here.