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 Farmbrots, an indoor farming company based in Spain. The interview is with Oscar Valls, Founder of Farmbrots. To learn more about Farmbrots and other indoor farming companies, click on this link!
View Full Interview
This interview details Archway Urban Farm, a company based in Canada. The interview is with Marina Gibson, Farm Manager at Archway Urban Farm. To learn more about Archway Urban Farm and other indoor farming companies, click on this link!
View Full Interview
This interview details Hamill APS, an Agricultural Processing Solutions company based in Canada. The interview is with Robert Benner, CEO of Hamill APS. To learn more about Hamill APS and other indoor farming companies, click on this link!
View Full Interview
This interview details Ayola, an Agri-Tech company based in Turkey. The interview is with Nikita Makhalin, CEO of Ayola. To learn more about Ayola and other indoor farming companies, click on this link!
View Full Interview
This interview details Re-Nuble, an agricultural technology company based in the United States. The interview is with Tinia Pina, Founder & CEO of Re-Nuble. To learn more about Re-Nuble and other indoor farming companies, click on this link!
View Full Interview
This interview details Greenbox Farms, an indoor farming company based in the Netherlands. The interview is with Önay AKPINAR, Founder of Greenbox Farms. To learn more about Greenbox Farms and other indoor farming companies, click on this link!
View Full Interview
This interview details Growcer, an indoor farming company based in Canada. The interview is with Alida Burke, CFO and Co-Founder of Growcer. To learn more about Growcer and other indoor farming companies, click on this link!
View Full Interview
This interview details Vertically Urban, an indoor farming company based in the UK. The interview is with Andrew Little, Chief Executive Officer of Vertically Urban. To learn more about Vertically Urban and other indoor farming companies, click on this link!
View Full Interview
This interview details Origeen, an indoor farming company based in Mexico. The interview is with Jessica Gómez, CEO and Founder of Origeen. To learn more about Origeen and other indoor farming companies, click on this link!
View Full Interview
This interview details Value Carbon, an Innovator in carbon handling, re-use, and storage company based in the Netherlands. The interview is with Rolf Bakker, Business Development Manager at Value Carbon. To learn more about Value Carbon and other indoor farming companies, click on this link!
View Full Interview
.png){kind=logo}
