Spread is one of the leading vertical farming companies in Asia, located in Japan. Japan is a unique market across the globe because the market in Japan is considered to be the closest to mature, with over 200 vertical farming companies in Japan and vertically farmed crops accepted in the domestic market. Spread is also unique in the sense that it is one of the few vertical farms to achieve profitability. Their original Kameoka facility became profitable almost ten years ago in 2013.
Spread was founded in 2006, which makes it among the first founded vertical farms globally. Shinji Inada, the CEO of Spread, is also the companies founder.
As a private company, stock in Spread is currently not available on the public market.
Spread is a market leader in Japan, servicing over 2500 retail locations across the country. Retail is not all of Spread's business however. It consists of about 70% of the companies business. The other 30% goes to food service and ready to eat packaged meals. A report from 2015 suggested revenue of spread of approximately 1 billion yen, equivalent to about $9M US dollars. With expansion into a second facility in 2020 and increased production efficiency, the estimated revenue of the company is currently $100M.
Spread's website currently discusses a yield per day of 4 tons of lettuce, which would suggest a sales figure well into the $100M+ range. The website also services over 4,000 customers in total.
Spread has two farms, each with the capability of producing approximately 2 tons of lettuce per day. Their first plant, named the Kemeoka plant, was built in 2007. This plant is capable of producing over 21,000 heads of lettuce per day.
Are you interested to learn more about Plenty and other vertical and indoor farming companies? Be sure to join our newsletter of over 5,000 subscribers across the vertical and indoor farming industries.
To subscribe, enter your email in the form below!
This interview details Flier Systems, an indoor farming technology company based in the Netherlands. The interview is with Adrie van Diemen, Commercial technical advisor/sales engineer at Flier Systems. To learn more about Flier Systems and other indoor farming companies, click on this link!
View Full Interview
This interview details Impello Biosciences, a Biostimulant company based in the United States. The interview is with Michael Key, Chief Executive Officer of Impello Biosciences. To learn more about Impello Biosciences and other indoor farming companies, click on this link!
View Full Interview
This interview details Shipshape Urban Farms, an indoor farming technology company based in the United States. The interview is with Angela Speetjens, Co-Founder/CSO of Shipshape Urban Farms. To learn more about Shipshape Urban Farms and other indoor farming companies, click on this link!
View Full Interview
This interview details Dansk Vanilje, an indoor farming company based in Denmark. The interview is with Ann Sofie Forsling, Owner of Dansk Vanilje. To learn more about Dansk Vanilje and other indoor farming companies, click on this link!
View Full Interview
This interview details Jiffy Group, a company based in the Netherlands. The interview is with Kyle Freedman, Market Segment Manager CEA at Jiffy Group. To learn more about Jiffy Group and other indoor farming companies, click on this link!
View Full Interview
This interview details Gurban, an indoor farming company based in Country Spain. The interview is with Pelayo Bolivar, General Manager at Gurban. To learn more about Gurban and other indoor farming companies, click on this link!
View Full Interview
This interview details VIF SYSTEMS, an indoor farming technology company based in France. The interview is with Philippe Audubert, Communications Director at VIF SYSTEMS. To learn more about VIF SYSTEMS and other indoor farming companies, click on this link!
View Full Interview
This interview details SpectraGrow, a Precision LED Systems for Controlled Environment Agriculture company based in the United States. The interview is with Whit Allen, CEO of SpectraGrow. To learn more about SpectraGrow and other indoor farming companies, click on this link!
View Full Interview
This interview details Dachnik Aquaponics, an indoor farming company based in the United States. The interview is with Sean Burrows, Founder of Dachnik Aquaponics. To learn more about Dachnik Aquaponics and other indoor farming companies, click on this link!
View Full Interview
This interview details Greenlux Lighting Solutions, an advanced LED lighting solutions company based in Finland. The interview is with Kari Kylä-Kaila, COO of Greenlux Lighting Solutions. To learn more about Greenlux Lighting Solutions and other indoor farming companies, click on this link!
View Full Interview
.png){kind=logo}
