Elevate Farms Acquires Fieldless Farms to Create “Canadian Food Powerhouse”
•February 5, 2026
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Why It Matters
The merger consolidates Canadian AgTech expertise, enhancing supply‑chain resilience amid inflation and tariff disruptions, and accelerates the country’s push for food sovereignty and export growth.
Key Takeaways
- •Elevate acquires Fieldless, merging two Canadian indoor farms.
- •Combined entity targets resilient domestic food supply and export growth.
- •Fieldless raised over $20M; Elevate secured more than $25M funding.
- •Indoor CEA tech enables year‑round leafy greens without contaminants.
- •Tariff pressures boost demand for locally produced Canadian produce.
Pulse Analysis
The surge in grocery prices across Canada has sharpened consumer focus on locally sourced produce, and indoor vertical farms are uniquely positioned to meet that demand. Controlled‑environment agriculture (CEA) eliminates seasonal constraints, allowing growers to produce leafy greens year‑round with consistent quality and minimal water usage. As climate variability and supply chain disruptions become more frequent, retailers such as Farm Boy are increasingly turning to domestic hydroponic suppliers to ensure shelf‑stable inventory and reduce reliance on imports.
The acquisition of Fieldless Farms by Elevate Farms consolidates more than $45 million of venture capital under one Canadian banner. Fieldless, founded in 2019, has raised over $20 million and operates a production facility in Cornwall, Ontario, supplying Ontario and Québec grocers. Elevate, with $25 million plus in funding, brings advanced hydroponic automation and photobiology expertise, and already pursues projects in the United States, Switzerland and the United Arab Emirates. By combining their technology stacks and distribution networks, the new entity can scale output, lower unit costs, and accelerate entry into export markets.
The deal arrives at a pivotal moment as North American trade tensions and new U.S. tariffs threaten traditional grain and produce flows. A domestically produced, pesticide‑free supply of leafy greens not only cushions Canadian consumers from price volatility but also showcases the country’s AgTech innovation on the global stage. Investors are likely to view the merged platform as a scalable model for food sovereignty, prompting further capital inflows into vertical farming. In the longer term, the powerhouse could set a benchmark for sustainable, high‑density agriculture that other regions aim to replicate.
Elevate Farms acquires Fieldless Farms to create “Canadian food powerhouse”
Two Canadian indoor farming startups are coming together as sticker shock in the produce aisle becomes more pronounced for Canadians.
The two companies hope to create a “more resilient domestic food supply” and a way for Canadian innovation to enter international markets.
Toronto-based Elevate Farms acquired Ottawa-based Fieldless Farms on Jan. 23, combining two AgTech startups that grow leafy greens all year long thanks to their indoor farming technologies. Elevate’s chairman said in a statement that bringing in Fieldless will create a “Canadian food powerhouse.”
“Together, Elevate and Fieldless are building a homegrown success story championing Canadian food sovereignty and security while unlocking opportunities for accelerated global expansion,” Elevate CEO Amin Jadavji said.
Launched in 2019, Fieldless uses indoor farming technology to produce leafy greens through controlled environment agriculture (CEA). This allows the farm to create an ideal climate for growing produce throughout the year while preventing environmental contaminants, such as runoff from livestock farms, from affecting the produce.
Fieldless operates a facility in Cornwall, Ont. and sells the fruits (or vegetables) of its labour to Farm Boy and independent grocers across Ontario and Québec. The startup raised more than $20 million over its lifetime, including over $2 million from a FrontFundr campaign it launched last year to expand its operations.
RELATED: Fieldless Farms secures $17.5 million to expand indoor farm, leafy greens product line
Elevate Farms runs a similar indoor farming operation, using hydroponics, automation, and photobiology to grow leafy greens in a climate-controlled environment. The company, which has raised north of $25 million, says it has projects in the works in the US, Switzerland, and the United Arab Emirates.
Fieldless founder and CEO Jon Lomow said in a statement that the two companies can together create a “more resilient domestic food supply” and a way for Canadian innovation to enter international markets.
“With shifting global trade policies and new U.S. tariffs disrupting Canadian food imports and demand, investing in local production has never been more important,” Lomow said.
Lomow told CBC last year that Fieldless was selling out two to four times faster than it was before the US and Canada’s economic dispute spurred a “buy Canadian” trend.
Featured image courtesy Fieldless Farms.
The post Elevate Farms acquires Fieldless Farms to create “Canadian food powerhouse” first appeared on BetaKit.
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