PUBLISHER: Fresh Plaza (www.freshplaza.com)
Ocean Vert, a Quebec joint venture between Courchesne Larose and INNO-3B, has received $6.8 million in financial assistance from the provincial government to accelerate the development of its vertical farm project.
The financial support includes a $4.7 million loan from the Ministry of Economy and Innovation through Investissement Québec, a $600,000 financial contribution from the Ministry of Agriculture, Fisheries and Food, and a $1.5 million loan guarantee from La Financière agricole du Québec. It will be used to implement two vertical farms for the cultivation of leafy vegetables, a project valued at more than $19 million.