Canada – Vertical Farming and Pest Control Products

The purpose of this information note is to advise growers and other stakeholders that there are no pest control products (also known as pesticides) currently registered or authorized for use in Canada for what is commonly referred to as “vertical farming”.

A vertical farm produces crops grown:

in appropriate media, for instance hydroponically, aeroponically or in soil; and
indoors on vertically stacked or inclined layers and/or integrated in other vertical structures, and
relies solely or largely on artificial lighting.

This differs from greenhouse growing, for which there are registered pest control products. In a greenhouse, plants are generally grown in a single layer on horizontal benches, containers or troughs placed on the ground, relying largely on natural sunlight.

As a relatively new method of crop production there is currently little available data on vertical farming production systems. To date, Health Canada’s Pest Management Regulatory Agency (PMRA) has not received any applications with data to support the registration and use of pest control products in vertical farming.

Under the Pest Control Products Regulations, directions for the use of each pest control product, including any limitations on its use and procedures to reduce risks associated with that use, must be included on the product label.

Sufficient data to assess the hazards and risks associated with vertical farming, such as occupational and dietary exposure risks and the fate of the pest control product in the environment after application, will need to be assessed by PMRA.

Until such data is submitted and assessed, and vertical farming production use is included on a pesticide label, the use of pest control products in vertical farming is not permitted under the Pest Control Products Act.

In the interim, the PMRA is working with stakeholders to understand the conditions of vertical farming and other factors necessary to assess risks to ensure that pesticide use in vertical farming production systems will be safe for human health and the environment.

Parties interested in using pest control products in vertical farm production systems are encouraged to work with pesticide manufacturers to express interest regarding the addition of such a use to the label of a currently registered product, or in registering a specific pesticide use.

Stakeholders may also engage with Agriculture and Agri-Food Canada’s Pest Management Centre and/or their Provincial Minor Use Coordinator to discuss the potential of adding such a use under the User Requested Minor Use Label Expansion (URMULE) program.

In addition, the PMRA offers a free pre-submission consultation service that provides regulatory guidance to registrants prior to the submission of an application. For information on submitting an application to add the use of pest control products for vertical farming purposes, registrants may request a pre-submission consultation by contacting the PMRA at pmra.presubs-prealables.arla@hc-sc.gc.ca.

If you have any questions about pest control products and pest management, visit the Pesticides section of Canada.ca or contact the PMRA’s Pest Management Information Service.

Vertical International Holdings Limited (8375.HK) gains 37.6% revenue growth in 2021 driven by increased sales of self-manufactured aluminum electrolytic capacitor products

Vertical International Holdings Limited, stock code 8375.HK (“Vertical International” or “The Group”) reported 2021 Annual Results for the year ended 31 December 2021. The Group’s 2021 total revenue was HK$132.5 million, a rise of 37.6%, from approximately HK$96.3 million in 2020. Sales of the Group’s self-manufactured aluminum electrolytic capacitor products increased substantially from approximately HK$78.2 million in 2020 to approximately HK$105.0 million in 2021. The 2021 gross profits grew by 53.3% or HK$8.1 million year on year to approximately HK$23.3 million.

Vertical International derived its 2021 revenue mainly from sales of manufactured aluminum electrolytic capacitors and sales of trading electronic components. The growth of sales revenue was also attributable to the Group’s business expansion with key and new customers and its aggressive pricing strategy to enlarge its market share. The Group will continue to carefully and extensively review the current situation about costs and resources deployment and will consider tightening its control over the operating costs effectively to maximize its profits.

The Group Chairman and Chief Executive Officer Mr. Henry Boon said, “We achieved a solid financial performance in 2021 particularly growing sales volume in China – our largest customer market due to improved and recovered economy in China in favor of its successful multiple measures and reliefs in the context of the Covid-19 pandemic.”

Media enquiries:

New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai jenny.lai@newsmilehk.com
Jenny Cheung jenny.cheung@newsmilehk.com
Richard Wong richard.wong@newsmilehk.com

Vertical International Holdings Limited, stock code 8375.HK (“Vertical International” or “The Group”)

Vertical International Holdings Limited is an investment holding company. The Company and its subsidiaries (collectively referred to as the “Group”) are principally engaged in the manufacturing and trading of aluminum electrolytic capacitors and trading of electronic components. The production process developed by the in-house Research and Development (R&D) team utilizes its own patented production methods which were registered and granted by China Authorities to improve production efficiency and save costs. The parent company of the Group is headquartered in Hong Kong and its subsidiaries are located in Hong Kong, Dongguan and Shaoguan. Vertical International’s manufactured aluminum electrolytic capacitor products are used in a variety of electronic products, including home appliances, audio-visual equipment, personal computers, automotive electronics, communication equipment and toys.

Company website: www.verticaltech.com.cn/Eng






Topic: Press release summary