Brief: AppHarvest completes SPAC merger to go public at $1bn+ valuation
AppHarvest is the first CEA tech company to go public in the US, and is one of just a handful of agrifoodtech startup IPOs to date.
AppHarvest is the first CEA tech company to go public in the US, and is one of just a handful of agrifoodtech startup IPOs to date.
Economic and retail data may help to explain why hydroponic lettuce has some way to go before it can compete on price with conventionally grown plants.
Launched in 2013, the Seattle-based startup targets the precision greenhouse space with its platform called LUNA.
The New York startup claims to have doubled its revenue over the past year, selling its leafy greens in 40 US states and across 2,000 retail stores including Whole Foods, Albertsons, Meijer, Target, and Sprouts.
A prospective CEA farmer can create a successful business if they focus on three key factors: operational expertise, distribution, and capital.
Minnesota’s Revol Greens has plans to build new greenhouse facilities in California and Texas – the latter of which could be the world’s largest to date.
Kentucky’s AppHarvest will join the NASDAQ through a merger with special-purpose vehicle Novus Capital, while its new 60-acre facility prepares for launch.
AppHarvest is planning to build the world’s largest greenhouse facility in Kentucky to address Covid-19 produce supply chain woes.
The Canadian startup claims to have the only smart LED lighting technology that reproduces the full spectrum of the sun’s natural light.
Red Sea Farms and Kirchner Group are joining forces to help climatically challenged communities “grow local” in the face of supply chain fragility.
The facility is the first of its kind for the company and the most technically advanced, costing roughly $100 million for a company that has had a rough ride on its share price valuation over the last few years.
The Dutch company recently launched an innovation lab to let promising startups make good use of its unparalleled database in a bid to tackle greenhouse cultivation’s biggest challenges.
Tortuga is debuting a commercial robotics-as-a-service model this spring after quitely working with farmer partners during stealth mode R&D.
People are recognizing the potential opportunity for indoor growing to address many of the challenges in food and ag. Since the Plenty funding in late 2017, we have seen a surge of funding for both sunless and greenhouse approaches, says The Mixing Bowl releasing its first Indoor AgTech Landscape.
Steve Platt comes from the CPG sector, most recently serving as CEO of yogurt company Icelandic Provisions.
Though Bright Farms’ funding hasn’t quite caught up to its higher raising counterparts in AeroFarms and Plenty, the greenhouse grower appears to be the closest to being a national brand.
McEnroe Farm is a 1,200-acre organic farm in the Hudson Valley of New York state. We spoke to organic farmer Erich McEnroe about the challenges his farm faces and how he views new technology.
Barilla, the family-owned company best known for its signature blue pasta box, announced a new food-focused venture fund and accelerator called Blu1877, plus more in our weekly brief.
Founder Sky Kurtz says that the necessity for this kind of growing system stems from the lack of food security in the UAE and the Gulf Cooperation Council (GCC) countries more broadly.
The company will soon break ground on a 117-acre property in Boynton Beach, Florida, which contains a 55-acre man-made lake where the firm will operate a “de-coupled” aquaponics system.