Sea to Sky Farms Acquires Produce Brokerage and Consulting Firm Vertical Choice

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Sustainable Partnership to Stabilize Meals Provide and Allow Enterprise Progress for Vertical Farmers

SQUAMISH, British Columbia, Could 16, 2023 (GLOBE NEWSWIRE) — Sea to Sky Farms Inc. (“Sea to Sky” or “the Firm) at present introduced the acquisition of Vertical Alternative, a gross sales brokerage and consulting agency that helps native farmers utilizing sustainable indoor rising methods to promote their produce and develop their companies. Along with consolidating gross sales and advertising and marketing processes in-house for Sea to Sky’s vertical farming operations, the acquisition provides a confirmed income stream forecast to attain top-line gross sales of $5 million CAD in 2023.

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“The executives who based Vertical Alternative have an extended, profitable historical past in produce gross sales,” says Christos Livadas, Mergers and Acquisitions Advisor, Weiser Capital Group. “Having an in-house brokerage with such important expertise will allow Sea to Sky to assist vertical farmers succeed as a result of rising good produce is just half the battle. It is usually about promoting it at a revenue, understanding the way to promote it, and being conscious of what shoppers and finish shoppers need, which Vertical Alternative understands.”

Co-founded by former multi-national foodservice distributor gross sales government specialist Jay Kallu and retail produce professional Andy Eustis, Vertical Alternative companions with native growers to carry their produce to market. Vertical Alternative additionally helps these growers with the farming and branding experience required to speed up development.

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“Jay and Andy have spent many years getting nutritious, dependable and sustainable produce into grocery shops and eating places throughout North America,” provides Sea to Sky Farms Co-Founder and Chief Monetary Officer Daniel Cruz. “Within the background, they’ve educated grocery retailer purchaser reps about non-GMO, non-pesticide indoor lettuce and microgreens, which has validated the chance and helped educate shoppers too.”

Sea to Sky and Vertical Alternative have a shared imaginative and prescient to leverage know-how that advantages home meals manufacturing for Canadian and American shoppers. Presently, Canada and america are two of the highest three importers of lettuce globally. As a result of impacts of local weather change, unstable provide chains and manufacturing shortfalls, nationwide grocers are in search of various, native sources. Sea to Sky is stabilizing fragile meals provide by way of indoor rising operations that use vertical farming know-how. Vertical Alternative is leveraging stock administration options to get native produce to native distributors. This shortens the time and distance that produce travels to succeed in native cabinets and tables and reduces the necessity to ship produce from extra distant areas.

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“Buyer demand for regionally grown meals has by no means been increased, whether or not that could be a client shopping for produce at their native grocery retailer or a restaurant serving meals in our native communities,” says Cruz. “We’re dedicated to main a revolution in meals manufacturing, meals high quality and provide chain efficiencies.”

“It’s a complicated logistical course of to scale your unbiased farm,” says Jay Kallu, Co-Founding father of Vertical Alternative. “By partnering with us, native growers can spend their time doing what they do finest – rising good meals. Vertical Alternative provides the advantages of promoting that produce below our established NEIGHBRHD model. We additionally deal with the logistics of getting produce to market and assist farmers scale their unbiased companies.”

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Owned by Vertical Alternative, the NEIGHBRHD model was developed to fill a market want for regionally sourced produce that’s recent, dependable and sustainable. Farmers who accomplice with Vertical Alternative package deal and promote their produce by way of this model community fairly than attempting to determine back-end logistics independently. The NEIGHBRHD model is accredited on the market through main Canadian meals distributors and the nation’s largest grocery retailers.

“Sea to Sky is constant to extend its rising capability in a dependable and sustainable approach. Our acquisition of Vertical Alternative won’t solely enhance these operations, it should assist different unbiased farmers that wish to get good produce profitably to market,” provides Cruz.

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About Sea to Sky Farms Inc.

Sea to Sky Farms combines vertical farming know-how with restricted pure assets to develop recent, nutritious and dependable produce for native markets throughout North America. Utilizing much less water, much less land, much less labour, much less vitality and no pesticides or fertilizers, Sea to Sky Farms is dedicated to supplying sustainably grown produce and guaranteeing meals safety for all. Our managed atmosphere agricultural methods allow us to provide high-quality crops, grown indoors twelve months of the yr. The result’s an environment friendly and extra worthwhile home provide of produce whereas mitigating the impacts of local weather change, unstable provide chains and manufacturing shortfalls. As well as, Vertical Alternative, a Sea to Sky Farms subsidiary, offers gross sales brokerage and consulting providers to our Farmer Associate community, bringing produce to market whereas supporting growers throughout gross sales, farming and enterprise development verticals. Study extra at www.seatoskyfarms.com

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For additional data, please contact:

Daniel Cruz
Co-Founder and Chief Monetary Officer
Sea to Sky Farms Inc.
778-840-4571
Daniel@seatoskyfarms.com

These statements mirror the Firm’s present expectations relating to future occasions, efficiency, and outcomes and converse solely as of the date of this information launch. Consequently, there will be no assurances that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Besides as required by securities disclosure legal guidelines and laws relevant to the Firm, the Firm undertakes no obligation to replace these forward-looking statements if the Firm’s expectations relating to future occasions, efficiency, or outcomes change.