AppHarvest says it needs to raise additional funds to continue operating and that it is pursuing “additional financing alternatives.”
If you’re in space for three days, says Phnam Bagley, food is fuel. If you’re on a three-year round trip to Mars, it’s mission critical, a matter of life and death.
Copenhagen is one of several markets impacted economic headwinds and Infarm’s decision to focus on markets headed towards profitability.
‘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 company’s freshly raised Series A funding will go towards expanding the reach of its remotely managed network of modular veritcal farms.
As pricing parity gets closer to conventionally grown produce, focus on demand attributes will be increasingly important to the whole industry.
Indoor Ag-Con panelists discuss vertical farming failures and assemble a checklist of best practices to help the industry moving forward.
The partnership’s initial transaction will be for a multi-farm facility in Virginia where Plenty and Driscoll’s will grow strawberries.
With the help of pollination tech, AI and several other tools, the company plans to make its “ultra-premium” berries more affordable in the future.
Source.ag’s AI-based system creates “extreme efficiencies” in greenhouse production and improve food security and transparency, says Astanor.
The company will shift all production to its Compton, California facility, thought it will continue to have a retail presence in the Bay Area.
As demand for greater food security and traceability increases, so too will the size of the rounds for Novel Farming Systems in APAC.
Vertical farms in Calgary and Montreal will enable GoodLeaf Farms to serve Canadian customers coast to coast starting in 2023.
Keurig Dr. Pepper CEO leaves the company after just three months at the helm, while Impossible Foods makes two new C-suite hires.
Berlin, Germany-based Infarm cites skyrocketing energy prices and the wider downturn as reasons for these latest cuts for indoor farming.
The trough of disillusionment for vertical farming startups is upon us; now comes the time for depression and correction.
The company says it can grow leafy greens and herbs indoors via its soil-based vertical farming system for 30% less than it costs to grow outdoors.
There is one area where indoor farming lags behind traditional agriculture: energy consumption. A few simple measures could change the game.
The Abu Dhabi-based startup said it will use the funding to expand its presence in the Middle East, Southeast Asia, and South Korea.
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.
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