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Restaurant robot company raises $15MM to expand production

- General News
Pudu Robotics, a commercial service robotics manufacturer, has announced completion of a Series C3 financing round raising more than US$15 million.

AppHarvest proposes $40MM public offering of common stock

- General News
AppHarvest, Inc., a sustainable food company building some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced that it has commenced a $40 million underwritten public offering of shares of its common stock.

Edible Garden hopes to raise $10MM in underwritten public offering

- General News
Edible Garden AG Incorporated, a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today announced the pricing of its upsized underwritten public offering of 1,619,000 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock.

Indoor farming operations face bankruptcies, layoffs, closures

- Analysis
Not too long ago, the produce industry watched as billions of dollars went into the indoor farming boom. While I wouldn't go so far as to call it a bust, we're seeing some growing pains.

Village Farms announces $25MM registered direct offering

- General News
Village Farms International, Inc. announced today that it has entered into definitive agreements with certain institutional investors for the purchase and sale of 18,350,000 of its common shares together with warrants to purchase up to 18,350,000 common shares, pursuant to a registered direct offering.

Worldwide Produce adds investor for future growth

- General News
Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of Worldwide Produce, a leading distributor of fresh fruits, vegetables, dairy products and specialty foods to restaurants, foodservice customers and grocery stores across the western United States.

Sollum raises $30MM for greenhouse tech growth

- General News
Sollum Technologies has closed a $30 million financing round, including $25 million from Idealist Capital, a private equity manager that supports entrepreneurs at the heart of the energy transition and decarbonization, and $5 million from Fondaction, a partner of innovative Québec SMEs, and more specifically those with added social, environmental and economic value.

Lineage Logistics raises $700MM in investments

- General News
Lineage Logistics, LLC and/or its affiliated entities, the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised over $700 million in equity from new and existing strategic partners.

Courchesne Larose gets private equity boost for expansion

- General News
Courchesne Larose Ltd., a leader in the Canadian fresh fruit and vegetable industry, is proud to announce a significant investment in its share capital by Sagard Private Equity Canada, Sagard’s Canadian mid-market private equity fund, to accelerate its expansion and remain ahead of the curve.

WGA’s AgSharks awards record amount to Nutjobs

- Featured
Even Nutjobs can be winners. I am not speaking of your everyday lunatic but a company of that name, which won a record $6 million grant from Western Growers’ AgSharks at WGA’s annual convention in Las Vegas.