“We Believe Canada’s Food Producers Can Lead The World in Sustainable, High-Output Agriculture”

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Aug 13

Written By IGrow PreOwned

Why RBC is betting on vertical farms

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.

Funded through a $1.5 million donation from RBC to the Ottawa Community Foundation's Food Resiliency Foundation Fund, the farms can grow up to 20,000 pounds of leafy greens annually. These greens go directly into meals served by the shelter's kitchens and food trucks, and are also used to train participants in its Food Services Training Program.

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