Visionstate's Sol Spaces talks greenhouses, housing

Executive Summary

• Visionstate Corp. reports that its portfolio company, Sol Spaces Inc., achieved its best year to date in 2025, completing a record number of greenhouse projects and shipping its first greenhouse kit to expand its addressable market.
• Sol Spaces has announced new community greenhouse projects, including a 1,200-square-foot research facility in collaboration with the University of Alberta and facilities for non-profits, utilizing advanced heat recapturing and energy-efficient technologies.
• The company is expanding into the affordable housing sector by exploring the use of its modern backyard studios as commoditized, rentable dwellings, aligning with the Canadian government's national housing plan.

Key Details

• Financial/Ownership Structure: Visionstate Corp. owns 40% of Sol Spaces Inc. through convertible debentures.
• Operational Milestones:
  • 2025 marked the best year to date for Sol Spaces in terms of project completion volume.
  • Shipped the first greenhouse kit, enabling efficient shipping and installation across North America.
• New Projects & Partnerships:
  • Elmwood Park Project: A 1,200-square-foot community research greenhouse in collaboration with the University of Alberta. Features advanced heat recapturing through concrete slab flooring to capture, store, and redistribute heat for energy efficiency. Owned and operated by a local Edmonton community league.
  • Non-Profit Projects: Construction of a 500-square-foot and an additional 240-square-foot greenhouse for a non-profit supporting African immigrants to grow culturally significant plants.
• Product & Technology Features:
  • Greenhouses incorporate solar-powered venting systems and removable shading to naturally regulate climate conditions.
  • Integration of advanced heat recapturing and energy-efficient systems to reduce reliance on external energy sources.
• New Market Expansion:
  • Sol Spaces is designing and manufacturing modern backyard studios.
  • Actively exploring the use of these studios as commoditized, rentable dwellings for residential backyards to address affordable housing supply issues.

Notable Quotes

• "These projects and innovations highlight how Sol Spaces is differentiating itself as a company that combines intelligent design with climate-resilient technology. By addressing critical challenges in both food security and affordable housing, we are building scalable solutions that can have a lasting impact." — Elliott Putters, President of Sol Spaces