Through partnerships with Growcer, food banks, and community farms, the Royal Bank of Canada (RBC) is positioning vertical farming and controlled environment agriculture (CEA) as a strategic solution to climate, skills, and food access challenges.

When The Ottawa Mission, the city's oldest homeless shelter, recently installed two modular vertical farms, it became more than a food relief effort. The project, a partnership between the shelter, agtech firm Growcer, and the Royal Bank of Canada, represented a collaboration that merges philanthropy with infrastructure building.

Public Act 25-152 includes provisions to increase the statewide municipal property farm tax exemption from $100,000 to $250,000 and permits municipalities to offer additional farm property tax exemptions of up to $250,000 on top of the $250,000 statewide exemption.

It also provides immunity to agritourism operators for any civil action for personal injury or property damage and exempts hoop houses and high tunnels from building permitting or construction standards. In addition, a section of the bill regulates the use of drones for agricultural purposes, establishes a manure management program to be administered by the Connecticut Department of Agriculture (DOAG), provides for the purchase and operations of shipping container farms to grow food for schools and food pantries, and mandates that anyone selling soil amendments must register annually with DOAG.

Details of the Qualifying Acquisition are included in the Prospectus and were also announced by Agrinam and Freight Farms in the press release dated October 4, 2023. The Prospectus has been filed on SEDAR+ and may be viewed by shareholders and interested parties under Agrinam's profile on SEDAR+ at www.sedarplus.ca

RAIN, a part of the Sault Ste. Marie Innovation Centre, provides agriculture-related support and resources to producers across Northern Ontario, while Truly Northern and AgriTech North are container farms using sophisticated hydroponic systems to grow greens year-round

Freight Farms, Inc. and Agrinam Acquisition Corporation have signed a definitive agreement for a business combination with a pro forma market cap valuation for the combined entity of approximately US$147 million

Ceres Greenhouse Solutions has prepared an informative and downloadable PDF that will explore the various federal funding options available to clients looking to start or expand indoor agriculture projects who are seeking funding that they can qualify for and apply towards indoor agriculture costs