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 Local Grown Salads, an indoor farming company based in the United States. The interview is with Zale Tabakman, President of Local Grown Salads. To learn more about Local Grown Salads and other indoor farming companies, click on this link!
View Full Interview
This interview details Pure Farms, an indoor farming company based in the United States. The interview is with Tom Grams, Farm Manager at Pure Farms. To learn more about Pure Farms and other indoor farming companies, click on this link!
View Full Interview
This interview details Protealis, an indoor farming company based in Belgium. The interview is with Benjamin Laga, CEO of Protealis. To learn more about Protealis and other indoor farming companies, click on this link!
View Full Interview
This interview details AloAlto, an indoor farming company based in Spain. The interview is with Alejandro Casacuberta, Co-Founder of AloAlto. To learn more about AloAlto and other indoor farming companies, click on this link!
View Full Interview
This interview details Maan Biobased Products, a company based in The Netherlands. The interview is with Tjeerd de Looze, Product/Commercial Manager at Maan Biobased Products. To learn more about Maan Biobased Products and other indoor farming companies, click on this link!
View Full Interview
This interview details the Foundation for Food & Agriculture Research (FFAR), a non-profit company based in the United States. The interview is with John Reich, Ph.D., Scientific Program Director at the Foundation for Food & Agriculture Research. To learn more about FFAR and other indoor farming companies, click on this link!
View Full Interview
This interview details York Fresh Food Farms, an indoor farming company based in the United States. The interview is with Bruce Manns, Farm Manager at York Fresh Food Farms. To learn more about York Fresh Food Farms and other indoor farming companies, click on this link!
View Full Interview
This interview details Lone Star Lettuce Growers, an indoor farming company based in the United States. The interview is with Kyle Massey, Owner & Founder of Lone Star Lettuce Growers. To learn more about Lone Star Lettuce Growers and other indoor farming companies, click on this link!
View Full Interview
This interview details Aquaponi Inc., an indoor farming company based in Japan. The interview is with Kengo Hamada, Founder & CEO of Aquaponi Inc.. To learn more about Aquaponi Inc. and other indoor farming companies, click on this link!
View Full Interview
This interview details Greenhood, an indoor farming company based in Singapore. The interview is with Gaurav Saraf, CEO & Founder of Greenhood. To learn more about Greenhood and other indoor farming companies, click on this link!
View Full Interview
.png){kind=logo}
