Toundra Greenhouse, a Resolute Joint Venture, Announces Third Expansion - Global Paper Money

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Toundra Greenhouse, a Resolute Joint Venture, Announces Third Expansion

CANADA (News release) -- Toundra Greenhouse, an innovative cucumber-growing greenhouse complex in which Resolute holds a 49% interest, is expanding once again. On December 9, 2020, the organization announced its third expansion since its inauguration in 2016. The new $50-million plan brings the total invested in the joint venture's three phases to $175 million. Located on land adjacent to Resolute's Saint-Félicien (Quebec) pulp mill, the complex operates using state-of-the-art growing technology and sustainable practices, such as collecting rain and snow for plant watering, and offering polysterene-free packaging for its products. Toundra Greenhouse cucumbers can be found on dinner tables across Quebec.

In under five years, Toundra Greenhouse has become a major player in the province's greenhouse industry. A second development phase began just last month, and construction on the third phase is expected to begin in November 2021. The third expansion phase will increase the facility's total annual production area to 28 hectares, and allow for the cultivation of new products. The expansion is expected to add 55 new jobs to its workforce of 180 employees.

In September 2020, Toundra Greenhouse swept the Mercuriades, Quebec's most prestigious awards competition, which celebrates the ambition, innovation and performance of the province's businesses. The greenhouse was awarded top honors in the RBC Royal Bank Start-up and Contribution to Regional Economic Development categories, and took home the prestigious Hydro-Québec Mercure award for Small or Medium-Sized Business of the Year.

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