Vancity supports Valcent in closing financing for North America's first VertiCrop™ (vertical growing) installation

April 17, 2012 - Valcent Products Inc. ("Valcent") recently announced it has closed financing with Vancity Community Capital for the first North American installation of VertiCrop™, a high-density vertical growing system. The company announced in December 2011 that it had entered into a memorandum of understanding with EasyPark to erect the first VertiCrop™ on the top level of a parkade in the downtown core of Vancouver, Canada.

"We're very excited to provide the debt financing for this project as we recognize the sustainability of the VertiCrop™ system and how it aligns itself with Vancity's own community investment mandate," said Christine Bergeron, investment manager with Vancity Community Capital. "Our vision is to redefine wealth. It calls on us to measure success in terms of how we contribute to the financial, environmental and social well-being of our communities. That includes supporting the growth of impact-based organizations like Valcent Products Inc."

Learn more about Vancity's growth capital financing.

Article courtesy of Market Watch - the Wall Street Journal. Read full article.

This news was also covered by several international outlets including the San Francisco Chronicle, Reuters, Yahoo Finance, and International Business Times.