Since forming Ceres Greens in October, 2016, we leased a 1,900 sq. ft. warehouse space to prototype our vertical farm and develop our plant 'recipes'. We've tested and refined, tested and refined again, again and again, resulting in a proprietary system that produces significant increases in the amount of yield within a given footprint versus greenhouse or outdoor farming, while keeping the system capital and operational costs low enough to be profitable.
In the summer of 2017, our team began meeting with the Vermont Agency of Agriculture, produce distributors, customers and local political leadership who have all expressed support for our mission. In August 2017, we leased a 12,500 sq. ft. facility on a fourteen year term with $225,000 in landlord-provided facility fitup funds. The facility is scheduled to open in January, 2018, allowing us to start producing 1,600 pounds of produce monthly, scaling up to 45,000 pounds monthly when fully built out.