Ag LED company secures $2 million capital

May 07, 2018
Written by Greenhouse Canada
Thrive Agritech recently secured $2 million in capital to help further develop and manufacture its LED technology for horticultural operations in controlled environments, including greenhouse and indoor farming facilities.

According to the release, the New York-based company had a very successful year, with “a rapidly expanding customer base with lighting installations in greenhouses, vertical farms and cannabis production facilities across North America.”

Focusing on sustainability, Thrive’s lighting products are made for energy efficiency, reducing the carbon footprint of older lighting technologies.

Currently, their Canadian partners include Puslinch-based cannabis company CannTx, Eclipse Farms in British Columbia and horticultural equipment supplier VRE Systems.

“Thrive has established a successful track record of commercializing best-in-class LED lighting products – having launched a new product every year since the company’s inception,” notes Rose Capital, a New York investor in the global cannabis sector who led the investment round. “We look forward to partnering with Thrive to continue to break down traditional industry barriers and commercialize some of the most innovative products in the global horticultural market.”







Add comment


Security code
Refresh

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

FarWest Show 2018
Wed Aug 22, 2018 @ 8:00AM - 05:00PM
Colours of the Summer Open House
Wed Aug 22, 2018 @ 1:00PM - 03:00PM
Trial Garden Tours
Thu Aug 23, 2018 @ 8:30AM -
Glee 2018
Mon Sep 10, 2018 @ 8:00AM - 05:00PM
SAF Conference 2018
Wed Sep 12, 2018 @ 8:00AM - 05:00PM

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.