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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.

Hwy Haul closes $10MM funding round

- General News
Hwy Haul, a next-generation digital freight platform that connects fresh produce shippers with reliable truckers to eliminate intermediary friction and deliver sustainable, reduced waste, and business-class shipping experience, today announced the closure of a $10M funding round, bringing their total funding to $20.6M.

Local Bounti raises financing to support long-term growth

- General News
Local Bounti Corporation, a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced an equity raise to support the continued scale-up of its organization and build-out of its network of innovative Controlled Environment Agriculture ("CEA") facilities that leverage its proprietary Stack & Flow Technology to significantly improve crop turns, increase output and improve unit economics.

Vertical Harvest Farms receives investment from FundHER World Capital

- General News
Vertical Harvest, Inc., a hydroponic, vertical farming company based in Jackson, Wyoming, and FundHER World Capital, a private equity venture capital fund specializing in investing in women-led companies, together with DRA Family Office, today announced a financial partnership that will support the expansion plans for Vertical Harvest's urban vertical farm locations, starting with the large-scale farm in Maine.