DroneSeed Acquires Cal Forest Nurseries, California's Largest Tree Nursery, and Announces New Parent Brand: Mast Reforestation
Retrieved on:
Tuesday, March 7, 2023
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SEATTLE, March 7, 2023 /PRNewswire/ -- Climate tech company Mast, the newly-formed parent company of DroneSeed, announced today its acquisition of California-based Cal Forest Nurseries, which supplies the majority of seedlings used for reforestation in California. Mast restores forests after large-scale wildfires with reforestation projects that generate high quality carbon removal credits. With the acquisition of Cal Forest, Mast addresses a major obstacle to scaling reforestation: an inadequate supply of tree seed and seedlings. The company chose its new name, Mast, from the forestry term describing the once or twice per decade phenomenon in which multiple trees simultaneously produce a large crop of seed-bearing cones.
Key Points:
- With the acquisition of Cal Forest, Mast addresses a major obstacle to scaling reforestation: an inadequate supply of tree seed and seedlings .
- The addition of Cal Forest strengthens Mast's vertical integration in response to reforestation supply chain challenges due to bigger, hotter, wildfires driven by climate change.
- Cal Forest Nurseries is a trusted reforestation resource and critical link in the reforestation supply chain.
- "We're excited and humbled to bring Cal Forest Nurseries–a revered institution in the world of forestry–into the Mast family.