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 Hiphen, an indoor farming technology company based in France. The interview is with Alexis Comar, Founder and CEO of Hiphen. To learn more about Hiphen and other indoor farming companies, click on this link!
View Full Interview
This interview details SecondBloom Auctions, a company based in the United States. The interview is with Chris Lange, Manager of Strategic Partnerships at SecondBloom Auctions. To learn more about SecondBloom Auctions and other indoor farming companies, click on this link!
View Full Interview
This interview details Smart Oasis Farm, an indoor farming company based in the UK. The interview is with Suzanne Tate, Chief Design Officer at Smart Oasis Farm. To learn more about Smart Oasis Farm and other indoor farming companies, click on this link!
View Full Interview
This interview details Tunable, a Nanotechnology company developing and making gas sensing solutions based in Norway. The interview is with Tharindu Madduma, Business Development Manager at Tunable. To learn more about Tunable and other indoor farming companies, click on this link!
View Full Interview
This interview details Rift Labs, a cutting-edge light-based solutions provider based in Norway. The interview is with Halvard Aagaard, CEO of Rift Labs. To learn more about Rift Labs and other indoor farming companies, click on this link!
View Full Interview
This interview details Biotalys, a Biotechnology Research company based in Belgium. The interview is with Toon Musschoot, Head of Investor Relations and Communications at Biotalys. To learn more about Biotalys and other indoor farming companies, click on this link!
View Full Interview
This interview details HerbaFabrica, an indoor farming company based in the Czech Republic. The interview is with Karolína Pumprová, Founder of HerbaFabrica. To learn more about HerbaFabrica and other indoor farming companies, click on this link!
View Full Interview
This interview details VaVersa, an indoor farming company based in the Netherlands. The interview is with Olivier Francescangeli, Co-Founder of VaVersa. To learn more about VaVersa and other indoor farming companies, click on this link!
View Full Interview
This interview details Simply Grow Ltd, an indoor farming company based in the UK. The interview is with Sylwia Golebiowska, CEO of Simply Grow Ltd. To learn more about Simply Grow Ltd and other indoor farming companies, click on this link!
View Full Interview.JPG)
This interview details Collective Joy Farm, an indoor farming company based in Canada. The interview is with Tammara Maher, Founder of Collective Joy Farm. To learn more about Collective Joy Farm and other indoor farming companies, click on this link!
View Full Interview
.png){kind=logo}
