‘Jaundiced’ investors that jumped into indoor ag hoping to make a fast buck have got their fingers burned, says Revol Greens CEO Michael Wainscott. “Agriculture is slow, biology is slow, and capital has to reflect that.”
The Swiss startup will use the proceeds to “deploy pilot units with our prospective clients” in the commercial greenhouse space, CEO Henri Lalande tells AFN.
Future Crops vertically farms its produce in a soil-based substrate which “sticks with what Mother Nature tells us,” Grinspan tells AFN. Plus it’s kosher.
Peter Tasgal of Farmbook Project delves into the costs, benefits and other considerations for pursuing vertical farming in light of Agricool’s receivership.
Future Crops stands to benefit from Tencent’s deep domain expertise in AI and automation – as well as its massive footprint in the Asian tech ecosystem.
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
The Chilean startup is building what it says is Latin America’s first large-scale sustainable vertical farming plant, powered completely by renewables.
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