Download Report

URBAN
BARNS
FOODS
1
Disclaimer
Except for historical information contained herein, the matters set forth above
may be forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ from those in the
forward-looking statements. Words such as "anticipate", "believe", "estimate",
"expect", "intend" and similar expressions, as they relate to Urban Barns or its
management, identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well as
assumptions made by and information currently available to management.
Actual results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors such as the level of
business and consumer spending, the amount of sales of Urban Barns '
products, the competitive environment within the industry, the ability of
Urban Barns to continue to expand its operations, the level of costs incurred in
connection with Urban Barns ' expansion efforts, economic conditions in the
industry and the financial strength of Urban Barns ' customers and suppliers.
Urban Barns does not undertake any obligation to update such forwardlooking statements. Investors are also directed to consider all other risks and
uncertainties.
2
December 2009
Urban Barns
went public
2009
September 2009
Commenced R&D
January 2011
Constructed Cubic
Farming™ prototype
machine
2010
May 2012
First success in producing
quality results in
quantity.
2011
May 2011
PCT Patent
Protection filed
2012
Grand Opening
of Commercial
Production Mirabel, Qc.
Phase 2 - December
2014 –Expected
installation of six
new GEN4 machines
June – Expected
Phase 3 Launch
in Mirabel
2013
October 2013 Dundee
Agricultural Corporation
buys ~ 30% of Urban
Barns. December 2013
purchased additional 10%
ownership.
2014
October 2014:
Planning for
Phase 2, 3 & 4
Launch in 2015
2015
Expected
Next Barn
2016
November –
Expected Phase
4 Launch in
Mirabel
3
WHAT IS
CUBIC
FARMING?
4
What Is Cubic Farming?
 Propriety, patent-pending growing system
 Internal growth system that maximizes space & yields
 Looped conveyer system = easy planting and harvesting
 Automated watering & nutrients
 Advanced uniform LED technology
Controlled environment that creates the perfect setting for
plant growth
5
6
WHY
CUBIC
FARMING?
7
Why Cubic Farming?
•
•
•
•
•
•
•
•
•
•
•
Growing 365 days a year
100% controlled environment
No pesticides, herbicides or fungicides
No GMOs
Minimal water requirements
Superior nutritional values
Longer shelf life
Consistency
Customizable sizing & weights
Traceability
Small labour force
8
THE
RESULTS
9
Heads of
Lettuce
Produced
Per Square
Foot
10
FRANK
MICROGREENS
ROYALE
BASIL
11
Compare To A Greenhouse?
Cubic Farming™
Greenhouse
Advantage
Lighting
Energy Efficient
LEDS + Solar
Solar,
Fluorescent,
Incandescent, LED
Cubic – uniform light & wavelengths. Fully controllable photoperiod,
irradiance level and position of light.
Temperature
HVAC
Furnace
Cubic – as greenhouses are subject to large temp changes from external
weather, cubic farming™ is a 100% controlled environment where all
systems are set to the desired climate.
Relative
Humidity
Humidification &
Dehumidification
system
Dumping air
outside of
greenhouse
Cubic – greenhouse relative humidity can range from 60% to 100%,
Cubic Farming levels are kept between 70 and 75%.
Atmosphere
Carbon Dioxide
Carbon Dioxide
Due to the open structure of a greenhouse any CO2 injected into a
greenhouse typically leaves the greenhouse within 5 minutes, Cubic
Farming™ can hold onto this CO2 for over 1hr (up to 6hrs) for improved
control and growth.
Energy Recovery
Beginning to be used
Generally rare
but beginning to
be used.
Both systems need energy recovery systems but the urban agriculture
system would be easier to install. Typically less energy is required in the
Cubic Farming™ system but exact values have not been measured
Management
Practices
Grower monitoring
the production of the
plants
Grower
monitoring the
production of the
plants
Less issues with pests and diseases in the Cubic Farming (can be basically
zero). Pests are always a challenge in greenhouses. This results in no
pesticides, herbicides or fungicides used in Urban Barns while
greenhouses have to use conventional pesticides or organic pesticides.
12
WHY
URBAN
BARNS
13
Why Urban Barns Technology?
• Automation & ease of monitoring
• PCT Patent Pending – 50+ Countries
• Collaboration with the Canada’s leading university
• Consistent pricing & product availability
• Year round consistent climate conditions means the Cubic Farm™
is operated by staff with minimum required of training
14
Why Urban Barns Technology?
• Can be setup anywhere in the world
• Solar panels and dehumidification systems make Urban
Barns facility possible in remote areas
• No limit to height restrictions as natural light not a factor
• Controlled environment prevents entry of nearly all pest &
diseases that greenhouses and conventional farms battle
with on daily basis
15
McGill University
Research & Development
1.
LED lighting wavelength
selection for maximum growth
and production



Growth chamber
High intensity LED testing
Narrow spectrum LED testing (PAR
definition)
2. LED testing and optimization
within the Urban Barns
growing system
3. Substrate testing – hemp fibre
4. Variety selection and cultivar
selection
16
Cultivars in Research
& Development
Arugula/Rocket
Beet
Broccoli
Baby Tomatoes
Bell Peppers
Chard
Chives
Cilantro
Collard
Dill
Kale
Kohlrabi
Lettuce
Mustard greens
Parsley
Radish
Spinach
Tatsoi
17
Exceptional Nutritional Values
USDA STANDARD VS. URBAN BARNS
- MAXXAM ANALYTICS 2012 Urban Barns Butterhead
P ROT E IN (G/ 1 0 0 G)
0.21
0.22
1.1
1.35
1.77
2.23
2.9
3.7
5.5
6.5
USDA Standard Reference Butterhead
TOTAL LIP ID (G/ 1 0 0 G)
CARBOHY D RAT E (G/ 1 0 0 G)
F IBE R (G/ 1 0 0 G)
V ITA M IN C (M G/ 1 0 0 G)
18
McGill University Nutritional Testing – August 2014
6
5
4
3
2
1
0
URBF Breen
URBF Sweet
Valentine
Mirabel Co.
Butterhead
Protein (g/100g)
Store Bought
Romaine
URBF
Microgreens (7
days)
URBF
Microgreens (14
days)
Carotenoids (mg/100g FM)
19
LED Lighting Wavelength
20
Our Team
Board of Directors:
Jeremy Kendall, Richard
Groome, Robyn Jackson &
Horst Hueniken
Richard
Groome
President & CEO
Robyn
Jackson
Director of Business
Development
Director, VP Logistics
Jo-Ann
Ostermann
General Manager, Mirabel
Andrei
Ostermann
Facilities Manager
Theo
Stefanescu
Production Development &
Food Safety
Horst
Hueniken
Eric Craig
Greg Hough
Business Development & Jr.
Sales Associte
New Hire
Agronomist
Meredith
Lindsay
Media Relations
Interm CFO
Alex
Groome
Inside Sales
Kent Vaesen
Accounting Manager
New Hire
Financial Controller
McGill
University
Dr. Mark
Lefsrud
Head Researcher
Dr. Valeria
Gravel
Agronomist
Technical
Support
Graduate
Students21
Why Our Team
• Mix of talent! Youth and experience
• Motivation! All 9 fulltime employees/consultants are share
holders
• All from outside the industry – no predisposed biases
• Proven corporate governance at the board level
• Board & Management has vast network & experience in startups and creating shareholder value
22
WHAT
THE
FUTURE
HOLDS
23
How we are further automating our process
• Germination
•
•
•
•
Seeding
Monitoring sensors
Optimizing already automated watering
Transferring to planting cue
• Production
• Planting
• Monitoring sensors
• Harvesting
• Packaging
24
Montreal Planned Expansion
NUMBER OF NEW
MACHINES
2014
10
April
PHASE II**
7
December
PHASE III**
48
PHASE IV**
250
PHASE I*
TOTAL
2015
2016
2017
July
May
315 Machines
*3RD GENERATION MACHINES **4TH GENERATION MACHINES
CapEx Per Machine - $150,000
25
Expected Production Capabilities
Per Machine Generation
Machine
Generation
Size (Cubic
Feet)
Spacing
Capability
Tray Count
at Indicated
Spacing
Lettuce
Revenue Per
Cycle
Revenue Per
Cubic Foot
3
1280
12 inches
108
$2,316.60
$1.81
4A
6400
9 inches
720
$30,888.00
$4.83
4A
6400
12 inches
540
$23,166.00
$3.62
4A
6400
13 inches
498
$21,364.20
$3.34
4B
7680
9 inches
864
$37,065.60
$4.83
4B
7680
13 inches
598
$25,654.20
$3.34
26
PHASE II LAYOUT
27
PHASE III LAYOUT
Unused Space:
Germination room
Packing room
Operations
Staffing quarters
# of Machines: 48 total
50,000 sq ft facility
$17m CapEx expected
28
Capital Expenditures for Mirabel, QC.
Est. CapEx Requirements
Sq.Ft Required
Phase 1
$1.4m
17,000 sq ft (phase 1&2)
Phase 2
$1.4m
17,000 sq ft (phase 1&2)
Phase 3
$17.0m
50,000 sq ft
Phase 4
$84.7m
210,000 sq ft
Total
$104.5m
277,000 sq ft
29
Research & Development Relationships.
Present and Future.
VANCOUVER
MONTREAL
LAS VEGAS
ARIZONA
FRANCE
SOUTH
KOREA
30
The Next Barn
50,000
SQ FT
100,000
SQ FT
200,000
SQ FT
# of Machines
PHASE I
45
PHASE II
90
PHASE III & PHASE IV
180
TOTAL 4TH GEN MACHINES
315
90 days
120 days
180 days
31
Additional Opportunities
1) Value Added Products
2) Pharmaceuticals
3) Nutraceuticals
4) Medical Marijuana
32
Present & Future Discussions
• National & Local Distributors
• Major Canadian Retailers
• North American Airlines
• Food Services
33
URBAN
BARNS IS THE
FUTURE OF
FOOD
34
Richard Groome
President & CEO
rgroome@urbanbarns.com
514.907.4989
35