The Phytoculture company will produce 300,000 seedlings this year.
Biotechnology company Phytocultures, located in Clyde River, Prince Edward Island, is expected to produce 300,000 seedlings this year.
The trees will spend two years in the greenhouse and will not be available to producers until 2026. They will take between 6 and 12 years before being sold to consumers.
Shareholders of the project will be able to purchase them on a priority basis and surpluses will be offered to other producers.
Fir trees that are produced in Nova Scotia are exported around the world, including the United States and the Caribbean.
With information from CBC's Nancy Russell