Winnipeg-based Farmers Edge has announced the addition of Osmington Inc. to its team of investors.
Osmington is a private commercial real estate company, owned and controlled by David Thomson, chairman of Thomson Reuters. The company’s past investments include the retail redevelopment of Toronto’s Union Station and the purchase and relocation of NHL’s Atlanta Thrashers to Winnipeg to become the Winnipeg Jets.
The backing of Osmington Inc., marks the fourth investment partner to join the company’s roster to support the rapid growth of the company within the last 12 months, says Farmers Edge.
“Although our company has invested in Canadian Farmland in Manitoba and Saskatchewan for the last few years, Farmers Edge is the first agricultural company that Osmington has invested in,” says Lawrence Zucker, president and CEO, Osmington Inc. “What we really like about Farmers Edge is that they are really good, smart people, who are passionate about what they are doing and are well positioned with their technology to be disruptive and potentially change how modern farming will occur. So that is why we made the investment. We like the values, we like the people and we certainly like what they are doing.”
According to Wade Barnes, CEO of Farmers Edge, Osmington will “support (the company’s) growth into global markets, its aggressive path into big data analytics and its continuance into building a world class data analytics team.”
Farmers Edge is a precision agriculture company. The company’s offerings include variable rate technology, field centric weather monitoring, high-resolution satellite imagery, in-field telematics and a field team.
