Urban Barns Foods Inc. announced it has signed a memorandum of understanding with Newfoundland Fresh Produce Inc. to establish an Urban Barns licensed growing facility in Newfoundland and Labrador, Canada. The Growing Facility will enable NFP to grow vegetables locally that offers food security, food safety and traceability of multiple varieties of vegetables including; lettuce, basil, cilantro and spinach. Urban Barns has also granted NFP the right of first refusal on future exclusive licenses to set up additional Growing Facilities in P.E.I, New Brunswick and Nova Scotia.

Under the terms of the agreement, NFP and Urban Barns will enter into a definitive licensing agreement where specific milestones, royalty rates, and technical services will be agreed to no later than August 30, 2013.