GoodLeaf Reports Positive EBITDA Across Its Three Canadian Vertical Farms
GoodLeaf says its three Canadian vertical farms achieved positive EBITDA, highlighting crop mix and facility utilization as key operating priorities.
In a September 28, 2026 interview with VerticalFarmDaily, GoodLeaf Farms president and CEO Andy O’Brien discussed the company’s announcement that each of its three Canadian vertical farms reached positive EBITDA, individually and together, in the fourth quarter of 2025. This is a company-reported operating-profitability measure, not a claim that all financing costs or capital investments have been recovered.
The company operates farms in Quebec, Ontario and Alberta. It reported revenue increasing from CAD 6.4 million in 2023 to CAD 34 million in 2025. In explaining the path to profitability, management highlighted improved facility utilization, scale and a gradual shift toward crops with stronger unit economics, including microgreens.
The case is useful for operators evaluating vertical-farm business models: equipment capacity alone does not determine financial performance. Selling the right crops, maintaining demand and using growing space efficiently are equally important. The published figures remain GoodLeaf’s own statements, rather than an independent audit presented by the article.
Original source: VerticalFarmDaily, 2026-09-28. https://www.verticalfarmdaily.com/article/9877615/we-ve-continued-to-evolve-our-product-portfolio-toward-higher-value-crops-with-stronger-economics/