"We are now in an excellent position to execute on our objectives for the first half of 2022," said Fernando Cornejo, Chief Financial Officer of Kalera.
Indoor farming, especially for leafy greens, is expanding rapidly in North America. Is it a threat to field-grown lettuce?
The Indoor Ag-Con Expo Floor also grew by 60 percent – from 50 booths in 2021 to 80 in 2022 – filled with the latest innovations in irrigation, control systems, lighting, substrates and more.
The hydroponic tabletop strawberry concept was developed by New Wave Berry, LLC which is a joint venture formed by grower, marketer and distributor Oppy, agricultural investment firm Farmers Gate and family-owned agribusiness Red Dog Management, who is growing the crop in Santa Maria, California.
Vertical Roots operates the largest vertical container farm enterprise in the country, with its headquarters and R&D center in Charleston, SC and farm sites in Atlanta, GA, Columbia, SC, and Charleston, SC.
AppHarvest leaned on its relationship with established grower, Kingsville, Ontario-based Mastronardi Produce, to improve training for employees, which improved yields.
Controlled Environment Agriculture or CEA is not new, but it has been growing in investment and consumer interest.
Over the next two decades, California agriculture probably will have to reinvent itself radically to cope with its challenges, notably labor, water, transportation—and competition from controlled-environment agriculture (CEA) in other regions of the country.
This increases the aggregate amount of expected PIPE proceeds to $150 million.
FarmCo is planned to have its own leadership team, and calls for the two partners to contribute equity and assets of over $100M.