Little Leaf Farms is announcing further expansion in McAdoo, Pennsylvania with a new greenhouse set to open this fall. The new 10-acre greenhouse is the third greenhouse for Little Leaf Farms in the state and will make Little Leaf Farms' Pennsylvania campus the largest leafy greens CEA campus in North America.
The 10 additional acres of greenhouse space will increase Little Leaf Farms' Pennsylvania staff count to over 300 and support the company's expansion throughout the Southeast and Midwest regions, increasing its retail presence to over 7,000 grocery stores.
Little Leaf Farms currently represents nearly 50% of packaged salad grown through CEA in the U.S.1 and is accessible to over 53% of the country's population, which will continue to grow once the new greenhouse opens. The brand plans to open several more greenhouses in the future to continue to serve its growing consumer base and remains focused on delivering its leafy greens to more grocery stores in the Southeast and Midwest regions.
Credit Facility will Fuel Further Growth
Little Leaf Farms also recently closed a new credit facility with capacity of $250 million, comprised of term loan facilities, delayed draw facilities, and a revolving credit line. The credit facility is a significant milestone supporting the brand's ongoing capital expansion initiatives as it continues to meet growing consumer demand.
The transaction was arranged with a syndicate of banks led by Bank of America, alongside banks within the Farm Credit System, demonstrating a strong commitment from the financial community to support Little Leaf Farms' growth trajectory.
With this new credit facility in place, Little Leaf Farms is well-positioned to expand its production capacity, enhance distribution channels and further establish itself as a leading provider of CEA lettuce.
