vertical farming Archives

Winter Farm Cultivates Success With Integrated Farming Approach, Sustainable Solutions

Written by Indoor Ag-Con on May 15, 2023. Posted in Blog.

Winter Farm’s focus on environmental sustainability, achieving food autonomy, and strategic partnerships has garnered attention and headlines, with recent funding of $46 million raising the bar for its ambitious goals. Indoor Ag-Con had the chance to catch up with the innovative Quebec-based company’s leaders — Yves Daoust, Founder and CTO (pictured above left) and Alain Brisebois, President and CEO (pictured above right) — to discuss the advantages of their approach, their goal of helping growers replace 10% of Canada’s strawberry imports, the renowned Fraise d’hiver strawberry, funding strategies and future opportunities in the CEA industry.

Winter Farm is described as a “tech company that designs, deploys, and operates controlled environment agriculture (CEA) solutions that work in harmony with existing agrifood systems.” Can you share how your technology and approach differ from other vertical farms and advantages it offers in terms of yield, quality, and cost-effectiveness?

Yves Daoust: Winter Farm’s concept fully integrates a strawberry vertical farm with an adjacent greenhouse: this shows the company’s deep understanding of the grower’s reality. As a result, our strawberry vertical farm is capable of efficiently heating the greenhouse in the wintertime. As heat recuperation is a major concern in controlled environment agriculture (CEA), this solution constitutes a major innovation that reduces the dependence of greenhouses on fossil fuels and lowers their carbon footprint. In addition, the integration allows for additional revenue generation as farmers can grow strawberries in the vertical farm, as well as peppers, lettuce, eggplant, or tomatoes etc. in the greenhouse using the same amount of energy. The Winter Farm solution exemplifies that it is possible for CEA to be both profitable and environmentally sustainable at the same time. To realize this dual objective, we use a multidisciplinary approach to intelligent automation – integrating producers’ knowledge, agronomy, engineering, and artificial intelligence (AI). Our system of environmental digital control, CERVEAU, aims to optimize yield, maximize energy efficiency, and improve revenues by fully characterizing the strawberry plant’s behavior in CEA by data, physical modeling and machine learning.

One of Winter Farm’s goals is to help growers replace 10% of Canada’s strawberry imports. Can you speak to some of the environmental and economic benefits that could come from achieving this goal, and how Winter Farm is working to make it a reality?

Alain Brisebois: Vertical farming is a promising new agricultural advance that holds potential for sustainable agriculture in the future. At Winter Farm, in addition to providing efficient heating of the adjacent greenhouse, vertical farming eliminates the need for chemical pesticides well known for their harmful effects on both the environment and human health. Additionally, since Winter Farm allows local production, it minimizes transportation needs, further reducing the carbon footprint of fruit and vegetable production. Further benefits of our production practices include significantly lower water usage compared to traditional field production and the maximization of cultivable areas with the vertical stacking of the production. By utilizing heat management and recovery technology, we enable growers to produce an array of greenhouse produce in winter, thereby jointly promoting food autonomy and generating additional revenues for the growers. Our goal is to offer sustainable solutions for agriculture, not just for Quebec, but for the communities worldwide that face challenges related to food security.

Please share a little more about the Fraise d’hiver Strawberry and what makes it so special.

Alain Brisebois: Fraise d’hiver literally translate to “winter berry”. Quebec is renowned for its tasty field strawberries. It brings us a lot of pride to be able to offer consumers that special Quebec taste during the winter months! Thanks to an optimally controlled environment that ensures high quality, freshness and flavor, the Fraise d’hiver strawberry’s natural sweetness and vibrant red color are truly what make it stands out in the market.

Congratulations on the recent announcement of your $46 million raise! We read that this funding is coming from a variety of sources, including government organizations and private partners. Can you talk about Winter Farm’s approach to securing funding and building strategic partnerships?

Alain Brisebois: Thank you very much! In an emerging industry like ours, financing is crucial. This funding was especially important to us as it demonstrates that our concept can be successfully integrated into the agricultural industry and that CEA can be both sustainable and profitable. Winter Farm’s approach to securing funding and building strategic partnerships has always been guided by a strong commitment to innovation and a profit-driven mindset. Additionally, our company’s goals and vision are in line with government priorities, such as promoting food autonomy, reducing greenhouse gas emissions, and developing a more sustainable economy. When we designed the solution, it was paramount that it be eligible to the available agricultural financing and support programs. We have also demonstrated how the agricultural sector can embrace the digital era with cutting-edge technology that is ready to deploy, which has been instrumental in our success so far. Our Vaudreuil location will soon be producing nearly 1 million kilos of strawberries per year, which is a significant achievement for us and the vertical farming movement. We are now thrilled to continue partnering with growers and building new sites!

What do you see as the biggest opportunities for the CEA industry as a whole in years to come, and how is Winter Farm working to seize them?

Yves Daoust: Currently, a major focus in CEA is on energy accessibility and cost. Winter Farm’s success has been based on addressing this aspect from the outset. This has provided us with the momentum to continue building an increasingly sustainable and profitable CEA solution for fresh produce agriculture. Innovation is crucial for the future of the industry, and as such, Winter Farm is committed to furthering our AI-driven work in agronomy and engineering. Our goal is to ensure that our technologies are profitable and accessible to growers worldwide.

To learn more,visit the Winter Farm website.

AGEYE Technologies CEO Nick Genty Talks Profitability, AI and the Future of Indoor Farming With HYVE Partnership

Written by Indoor Ag-Con on March 15, 2023. Posted in Blog.

As the indoor farming industry continues to grow, the need for profitability remains a significant challenge for commercial growers. AGEYE Technologies is helping lead the way in automated platform monitoring for vertical farms and greenhouses and CEO Nick Genty provides insight into how they are addressing this challenge, as well as their advancements in AI and machine learning. In this month’s CEO Q&A Nick also talks about AGEYE’s new partnership with HYVE Indoor Farming Systems, their recently announced indoor farm project in Nebraska and future growth plans.

What is one of the biggest challenges facing the indoor farming industry today and how is AGEYE working to address it.

The most significant challenge we see is the need to reach profitability. We’ve all seen the recent headlines of farms shutting down, being delisted, or going through intensely difficult and desperate financial times. We’re starting to see that for many stakeholders, the hype is waning, the honeymoon is over, and investors want to see a return on their investment – or at least a very substantive and believable path to it. For CEA to truly become commercially viable and scalable, farmers need systems and support that help them produce a marketable product in a reasonable timeframe, and with enough margins to see a profit. As an industry, we need to focus more on celebrating the farms that reach profitability and less on how much money has been raised.

How does AGEYE stay ahead of the curve when it comes to advancements in AI and machine learning, and what impact do these technologies have on your monitoring platform?

AI is evolving faster than any other technology we’ve ever seen. Generative AI like ChatGPT can produce an entire screenplay or write the code for a new app in a matter of minutes. However, the current version is already being replaced with an even more powerful version, GPT-4, which is said to be capable of creating full movies from simple text prompts. This massive jump in performance is due to a 10x increase in data parameters used for training. At AGEYE, we believe the future of indoor farming is data-driven, and our commitment to this goal drives everything we do. In 2019 we started training our vision models to detect crop stress. Fast forward to today, and we’ve expanded our AI platform to cover every aspect of an indoor farm. We’re collecting thousands of data points per plant, per cycle, that we aggerate with environment, energy, and labor data to produce powerful insights and unprecedented visibility across an entire operation. We’re empowering growers with the technology and tools they need to become efficient, sustainable, and, most importantly, profitable.

Can you tell us more about the partnership between AGEYE and HYVE Indoor Farming Systems- – How did this collaboration come about and what are the main benefits the partnership will bring to commercial growers?

Our first introduction actually happened at a previous Indoor Ag-Con. There are a lot of moving parts in this industry, and things change so rapidly. It’s easy to be sucked in by what might turn out to be smoke and mirrors, but there was something about our initial meeting with HYVE that led us to believe there was substance backed by significance and passion.

The combination of automation, crop intelligence, exceptional hardware and lighting – it all seemed like it was there. It was evident that we both had tangible evidence and proof of concept for what we could do on our own, but more importantly, together. Collaboration has often been a theme in this industry and we could see early on that we complemented each other well in areas where one might not be as strong as the other. We both had experiences apart and we shared and leveraged those experiences on an early trial project together. This project proved to us both that we really felt that the sum of our parts was greater than what it should have been – almost like adding 1 + 1 to get 3.

For our customers and prospects, the main benefits are just immense. We believe that we have a revolutionary turnkey system that combines the absolute best in hardware, lighting, infrastructure, software, and AI controls and monitoring. These are some very tangible attributes. What we also think is a huge benefit is our flexibility in what we do. We have scalable systems and feel invested in the commercial farmer as if it were our own money. We see a pathway to profitability for the commercial farmers we work with by being a ‘right-sized’ entity with experience to back what we say we can do. Our methodology removes much of the guesswork and mitigates some of the risks that growers encounter. It’s really an exciting time to be invested together in a partnership where we share such diverse talent sets, system integrity, and vision for what indoor farming can become.

What challenges do you anticipate in building the new indoor farm in Nebraska, and how will AGEYE work with HYVE to overcome them?

There are some very fundamental challenges that come with any installation, and while each installation is a bit different, many things we see are common. In the Nebraska installation, we will be retrofitting an existing building. This is quite common. One could argue that an optimal vertical farm would be created in a building specifically designed for vertical farming because everything from airflow to automation and intelligence would fit perfectly into a well-designed and very intentional space. This removes some of the challenges of altering what can sometimes seem like a square peg that needs to be implemented into a round hole. But, realistically speaking, there are real benefits to also retrofitting an existing building. We’re good enough at understanding what has to happen to know if it can successfully happen. A perfect building might be beyond the reach of many people who want to enter vertical indoor farming, while an existing space might mean that someone doesn’t need tens of millions of dollars to set up a successful indoor commercial farm. Repurposing buildings has an inherent appeal in that you are taking something that could be non-productive and turning it into something very productive at a cost point that makes sense for the owner and can create something beneficial in terms of actual production or job creation.

One of the very essential things we seek to do is to create a system that can produce a saleable product for our customers each and every day in a cost-effective way. The process has to be repeatable and successful. Profitability is always the challenge and without good market data and an efficient distribution methodology that includes an understanding of the market, there isn’t a way to get there. We’re not in the business of just selling equipment so that people fail. For this reason, we will be assisting the client in Nebraska with some expertise in understanding the market opportunities. We will help them look at the product mix and provide relevant data that puts them on a path to see a return on their investment.

Looking ahead, what other types of project or collaborations do you see as possibilities for AGEYE and HYVE and how do you envision your partnership evolving in the future?

AGEYE and HYVE are both really good at very distinct and yet dissimilar things that together can produce great results. One of the things we talked about even early on was how we were both so innovative and solutions-based, which we highlight in our joint tagline of ‘Matched Innovation. Unmatched Solutions.’ We believe that together we can offer solutions that others really can’t, and much of it is not only the very real and measurable tangible evidence of our quality and system intelligence but also the passion and knowledge of the people involved.

Looking forward HYVE will include the AGEYE platform as a very critical and integrated piece of the puzzle for growers. We’ll look at each individual project and see where the marriage of automated functionality and artificial intelligence makes both logistical and financial sense for the grower and our respective companies.

We also will likely look at each respective strength and ability in the stand-alone entities. For instance, it might make sense for one entity to capitalize on technical support from the other because of specific expertise that resides within a certain sector. We truly believe that at the end of the day, our common mission is about creating a system that makes the most sense for the grower in an economic and qualitative sense.

For more information, visit the AGEYE Technologies website.

Record Attendee, Exhibitor Growth Headline 10th Anniversary Edition of Indoor Ag-Con

Written by Indoor Ag-Con on March 3, 2023. Posted in Blog, Press Releases.

62% Attendance Increase For Las Vegas February 27-28, 2023 Event That Drew CEA Industry Members from 48 US States, 29 Countries

(MARCH 3, 2023) — Indoor Ag-Con marked its 10^th Anniversary Edition with record increases in attendee and exhibitor participation for its February 27-28, 2023 run at Caesars Forum Las Vegas. The exhibitor booth roster doubled with a sold-out show floor featuring 134 companies in 174 booths vs 70 companies in 80 booths for 2022. Attendance saw a 62% increase over 2022 with 1453 attendees from 48 US states, the District of Columbia and US territories, as well as 29 other countries. Attendees included C-level execs and other decision-makers involved with every sector of controlled environment agriculture — growers, investors, tech providers, start-ups, academia, government, food service retail, suppliers and more.

For the second year, Indoor Ag-Con once again co-located with the National Grocers Association (NGA) Show, attracting 200+ attendees from that event to the Indoor Ag-Con expo floor — taking the total attendance number over the 1600 mark.

“We are thrilled with the incredible growth Indoor Ag-Con continues to experience year-on-year,” says Brian Sullivan, CEO, Indoor Ag-Con. “This tremendous response from the industry — particularly our growing international attendance – positions Indoor Ag-Con as the global event for CEA and confirms the growing importance and potential of vertical farming and controlled environment agriculture. As we continue to evolve and adapt to the changing needs of our community, we are committed to delivering a high-quality event that provides unparalleled education, networking, and business growth opportunities for our attendees and exhibitors. We look forward to an even brighter future for Indoor Ag-Con and the entire indoor agriculture industry”

Among the 10^th Anniversary Edition highlights:

CEO Keynote Sessions
Attendees had the chance to hear different perspectives from key executives from both the investment and farm operation sectors. Arama Kukutai, CEO, Plenty kicked off day one with the opening morning keynote on February 27, 2023. During the second part of his address, he welcomed surprise guest, Mark Hagan, Chief Investment Officer, Realty Income, who joined him on stage for a fireside chat sharing more about the recently announced strategic real estate alliance to support the development of Plenty’s indoor vertical farms. Later that day Vonnie Estes, Vice President of Technology for the International Fresh Produce Association (IFPA) moderated the keynote panel, “The Ever-Changing Business Model Of Controlled Environment Agriculture Farming,” with Steve Platt, CEO, BrightFarms; Matt Ryan, CEO, Soli Organic; and Dave Vosburg, CIO, Local Bounti. On day two, February 28, 2023, Dave Chen, CEO, Equilibrium, took the stage to share his thoughts on “The State of CEA and the Road Ahead.”

Educational Tracks & Expo Floor Theater Panel Discussions

The 2023 edition featured 3 educational tracks – Grower, Trends & Innovation and Funding & Guidance– that brought industry experts together covering a wide range of topics from lighting solutions outside of standard wavelengths, to lessons learned from business failures, food security, strawberry production and workforce development and more. In addition, the Expo Floor Theater featured a Hardball session on the state of vertical farming; and fireside chats with leaders from Unfold and GoodLeaf and a session on installation success. In addition, the 2023 edition welcomed a new debate format with sessions like greenhouse v. vertical farming, pre-built v. custom-built controlled environments and container v vertical farming.

Sold Out Expo Floor
Doubling in size over 2023, this year’s expo floor was home to some of the biggest names in CEA as well as up-and-coming suppliers. From lighting and grow systems to substrates and irrigation, growers were able to see the newest innovations all under one roof.

Indoor Ag-Con |Philips VIP Welcome Party

Back by popular demand, Philips Horticulture LED Solutions teamed up once again with Indoor Ag-Con to tee-up the 2023 edition with a VIP Welcome Par-tee on Sunday evening, February 26 at Topgolf Las Vegas. Indoor Ag-Con conference speakers and other industry VIPs came together for an incredible evening of golf, networking, cocktails, food, music and fun – all compliments of Philips LED Horticultural Lighting.

Networking Opportunities
Daily lunches and an afternoon cocktail reception on the expo floor expanded the show’s networking opportunities.

Looking ahead, Indoor Ag-Con Las Vegas will return to Caesars Forum March 11-12, 2024 and will once again co-locate with The National Grocers Association Show.

About Indoor Ag-Con

Founded in 2013, Indoor Ag-Con has emerged as the largest trade show and conference for vertical farming | controlled environment agriculture in the United States. Its events are crop-agnostic and touch all sectors of the business, covering produce, legal cannabis | hemp, alternate protein and non-food crops. More information – www.indoor.ag

Unfold, Goodleaf Partner To Develop Premium Quality Leafy Greens

Written by Indoor Ag-Con on February 27, 2023. Posted in Blog, Exhibitor News, Press Releases.

Companies will collaborate in Unfold’s Innovation Partner Program to enhance GoodLeaf’s leafy greens production, particularly spinach, utilizing Unfold’s proprietary genetics and vertical growing expertise.

DAVIS, CA, Feb. 27, 2023 – Unfold, an industry-leading seed and digital solutions company advancing the vertical farming industry, and GoodLeaf Farms, Canada’s largest commercial vertical farm, today announced their partnership to commercialize premium lines of vertically-farmed spinach and other leafy greens through Unfold’s Innovation Partner Program. Chief Executive Officers of both companies will discuss the partnership tomorrow in a fireside chat at the 10^th Annual Indoor Ag-Con in Las Vegas.

Micro Broccoli from GoodLeaf’s Vertical Farm, Guelph, Ontario

“We’re very excited to collaborate with GoodLeaf to unlock the potential for improved quality and yield for their indoor growing operations,” said Unfold CEO Sonia Lo. “As a former vertical farm operator, I understand first-hand the importance of seeds that are specifically developed for indoor growing. GoodLeaf is the largest vertical grower in Canada and has already demonstrated its ability to successfully grow leafy greens in large-scale, fully commercialized vertical farms. Now, through our partnership, we will accelerate their product evolution with seed developed and optimized for their specific environment.”

GoodLeaf is currently expanding across Canada, building new facilities in Montreal and Calgary to increase upon its current production out of Guelph, Ontario. With the completion of these two farms, GoodLeaf will produce over four million pounds of leafy greens annually, which is especially important for Canada where spinach, lettuce and other leafy greens remain amongst the country’s top imports. Both farms will be fully operational in late second quarter/early third quarter of 2023.

“Now that we have a solid foundation in place for our operations, it’s the perfect time to partner with Unfold,” said GoodLeaf President and CEO Barry Murchie. “Having the right seeds to ensure our success is crucial as we grow our operations throughout Canada and help the country lessen its dependence on imported produce. Unfold will help us make that goal possible.”

Goodleaf Unfold — LED lighting nurturing GoodLeaf’s vertically farmed spinach

GoodLeaf and Unfold’s collaboration is part of Unfold’s Innovation Partner Program, which provides vertical farm leaders unique access to Unfold’s leading plant biology expertise, digital tools and germplasm. This access is a competitive advantage to vertical farmers who often lack proficiency in seed genetics and agronomics for indoor farming, and, as a result, are left to rely on suboptimal seeds that generate reduced quality and yields. Through industry collaborations such as this, Unfold is working to address these core challenges head on.

“All of our leafy greens are grown with passion, care and precision,” Murchie continued. “Our partnership with Unfold will help us accelerate the development of even more productive, premium-quality leafy greens. Our R&D team is excited to collaborate with their counterparts at Unfold to take our efforts a leap forward and develop new varieties with enhanced yield, taste, nutritional value and sustainability.”

In fact, both organizations have sustainability as a core value. Working together they aim to develop varieties of leafy greens, most notably spinach, that require less time and energy to produce while enhancing traits valued by consumers, like crunch, colour and taste. These new varieties will boost GoodLeaf’s produce output while lowering its production costs, allowing the Company to increase the accessibility of fresh vegetables closer to consumers’ homes as they continue to expand across Canada.

Video Announcement

Check out this video to learn more about the Unfold / GoodLeaf IPP: https://youtu.be/oRmED2mxd1I

Indoor Ag-Con Presentation

Tomorrow, February 28, 2023, Unfold Chief Operator Officer David Nothmann will be moderating a fireside chat featuring a conversation between Unfold CEO Sonia Lo and GoodLeaf CEO Barry Murchie. The fireside chat, entitled “Bringing the Knowledge Inside, Transforming Vertical Farming through Seed Genetics,” will take place from 9:15 to 10:00 am PST in the Expo Theater. For more information on the conference, please visit https://indoor.ag/conference-program/.

About Unfold

Unfold is accelerating the “seed to table” capabilities of vertical farming with an integrated offering of superior seeds, digital services, and agronomic insight. Based in Davis, California, Unfold’s mission is to create a world where the freshest, most nutritious, and most delicious produce is available to every person on the planet. For additional information about Unfold or to hear about potential career opportunities, please visit our website at unfold.ag.

Unfold’s Innovation Partner Program provides vertical farm leaders with access to Unfold’s leading plant biology expertise, digital tools and germplasm. Learn more about the program at unfold.ag/partner-program.

About GoodLeaf Farms

With a passion for delicious, nutrient-rich greens, GoodLeaf was founded in Halifax in 2011. Using innovative technology and leveraging multi-level vertical farming, GoodLeaf has created a controlled and efficient indoor farm that can grow fresh produce anywhere in the world, 365 days of the year. The system combines innovations in LED lighting with leading edge hydroponic techniques to produce sustainable, safe, pesticide-free, nutrient-dense leafy greens. GoodLeaf has ongoing collaboration programs with multiple universities in Canada, USA and Europe as well as several other partners in the commercial sector. GoodLeaf is a wholly owned subsidiary of TruLeaf Sustainable Agriculture.

Learn more at goodleaffarms.com.

Execs From IFPA, Bright Farms, Soli Organic, Local Bounti Join Indoor Ag-Con Las Vegas 2023 Keynote Line-Up

Written by Indoor Ag-Con on February 14, 2023. Posted in Blog, Press Releases.

February 14, 2023 – Indoor Ag-Con is excited to announce the latest addition to its headliner keynote schedule for the upcoming February 27-28, 2023 edition at Caesars Forum Las Vegas. Titled “The Ever-Changing Business Model of Controlled Environment Agriculture Farming,” this keynote panel will be moderated by Vonnie Estes, Vice President of Technology, International Fresh Produce Association (IFPA), and will feature Steve Platt, CEO, BrightFarms; Matt Ryan, CEO, Soli Organic; and Dave Vosburg, CIO, Local Bounti. The keynote is scheduled for Monday, February 27, 2023 at 11 am PST.

“From greenhouse growing operations and indoor vertical farms to heavy labor and automation, it seems like the CEA industry has an identity crisis. The business model is often in flux between being a produce provider or a technology provider,” says Brian Sullivan, CEO, Indoor Ag-Con. “Our panel of CEA industry leaders will explore the reasons for this shift and offer predictions on where the business model is headed in the future.”

This panel joins the Indoor Ag-Con 2023 CEO headliner keynote line-up, which also includes the opening morning kick-off session with Arama Kukutai, CEO, Plenty and the day two morning keynote from Dave Chen, CEO, Equilibrium, as well as full roster of panels, debates and fireside chats.

Keynote panel participants include:

VONNIE ESTES, VICE PRESIDENT OF TECHNOLOGY, IFPA
Vonnie’s role as VP of Technology at the IFPA is to bring technology to the produce industry across the supply chain, working with both technology companies and the industry to identify and solve pressing needs. Her career has been driven by a passion for agriculture, technology and sustainability. She has held leadership positions at prominent companies including DuPont, Monsanto, and Syngenta along with start-ups including DNAP, Emergent Genetics, and Caribou Biosciences to identify revolutionary science and bring products to market. Vonnie is a sought-after voice, speaking and publishing frequently.

STEVE PLATT, CEO, BRIGHTFARMS
Steve Platt is CEO of the mission-driven indoor farming leader BrightFarms, and a veteran CPG executive with a proven record of growing brands. Under Steve’s leadership, BrightFarms was acquired by lead investor Cox Enterprises in 2021, resulting in a clear roadmap for future growth and a positive exit for initial investors. His passion for BrightFarms’ mission and products led him to the company, which grows pesticide-free leafy greens in its 6 high-tech facilities across the country. Before joining BrightFarms, he was CEO of Icelandic Provisions, where he led the company to become the fastest-growing brand in dairy yogurt. Previously, he was an Executive at Danone, spearheading brands like Dannon, Oikos, Danimals and YoCrunch.
MATT RYAN, CEO, SOLI ORGANIC
Matthew Ryan serves as chief executive officer (CEO) at Soli Organic. As CEO, his focus is on strengthening the company’s competitive advantages and achieving scaled topline growth. Prior to his role at Soli Organic, Ryan served as the chief marketing officer and chief strategy officer at Starbucks where he developed and executed marketing and strategy plans, managed the food and beverage portfolio and led all other marketing, product, brand, and consumer functions. As the head of brand management for The Walt Disney Company, he oversaw the company’s brand management, brand development, franchise management, customer data, and CRM.

DAVE VOSBURG, CIO, LOCAL BOUNTI
Dave Vosburg is Chief Innovation Officer of Local Bounti. With two decades of international financial, business development and technology experience, Dave has spent his life career founding, growing and scaling technology businesses that create social value. Previously he was CFO and Head of Emerging Technology at Sensei Ag, a market changing AgTech venture founded by Oracle co-founder Larry Ellison. For five years prior, Mr. Vosburg served as CFO and Head of Business Development of Crop One Holdings, a vertical farming company based outside of Boston, MA. He is also Co-Founder of Conception Nurseries, a micro-propagation company based in Sacramento, CA.

2023 CONFERENCE SCHEDULE FEATURES NEW FORMATS, 70+ SPEAKERS
In addition to these headliner keynotes, the 2023 educational conference will also feature insightful panel sessions featured within three comprehensive educational tracks – grower; trends & innovation; and funding & guidance. Attendees can also look forward to new friendly debate formats and fireside chats, too.

EXPANDED EXHIBIT FLOOR
2023 will welcome the largest number of exhibitors in the event’s 10-year history. From irrigation and LED lighting to environmental control systems, substrates, greenhouse equipment, energy solutions, business services and more, attendees will have the chance to see the latest introductions and innovations from vertical farming and controlled environment agriculture leaders in 174 booths.

CO-LOCATION WITH NATIONAL GROCERS ASSOCATION SHOW
Indoor Ag-Con will once again co-locate with the National Grocers Association (NGA) Show, the leading trade show and conference for independent grocers, offering even more networking and business opportunities for attendees and exhibitors alike. The NGA Show and Indoor Ag-Con visitors will have the opportunity to explore both exhibit halls as part of the full conference pass offerings.

MORE NETWORKING
Exhibitors and attendees can enjoy complimentary luncheons on the show floor each day, a show floor cocktail reception, breakout sessions and other opportunities to reconnect with friends and meet new business partners.

QUICK FACTS:
WHEN: Monday, February 27 – Tuesday, February 28, 2023
WHERE: Caesars Forum, 3911 Koval Lane, Las Vegas, NV 89101
INFO: For information on exhibiting or attending visit www.indoor.ag or email suzanne@indoor.ag

ABOUT INDOOR AG-CON LLC
Indoor Ag-Con is the largest US trade event for vertical farming | indoor agriculture |controlled environment agriculture, the practice of growing crops in indoor systems, using hydroponic, aquaponic and aeroponic techniques. Its events are crop-agnostic and touch all sectors of the business, covering produce, legal cannabis | hemp, alternate protein and non-food crops. More information: www.indoor.ag

So… what do the retailers and food service distributors think about vertical farming now?

Written by Kasey Snyder, Netled on February 12, 2023. Posted in Blog, Exhibitor News.

At this interesting phase where the vertical farming industry currently stands, Netled took a deep dive into the retailers’ and food service distributors’ minds to find out their perspective and future plans regarding sourcing from vertical farms. The results look promising.  

For Indoor Agriculture, 2022 ended on a down note, providing much fodder for speculation on the well being of our industry. It was unsettling to those of us dedicated to improving the modern agriculture system and provided no clear direction on where to turn. Often market indicators can be found outside the narrow scope of a single business sector. We thought it wise to tune out the chorus of opinions from indoor agtech experts and gain perspective from other members of the fresh produce supply chain.

Netled partnered with Iowa State University CyBiz Lab to perform a deep dive on market interest in vertical farming from U.S. grocery retailers and food service distributors. How did they interpret the consolidation of CEA growers / suppliers in the last several months? What are their expectations for the market in the short term and the long term? What can their insights tell us about the need for indoor agriculture in the coming years?

In January 2023, a team of four student researchers from agriculture, finance and management disciplines at Iowa State completed U.S. market research on the CEA industry for lettuces and herbs. The CyBiz Lab is lead by Program Direct Mr. Alex Andrade with research and analysis work from Mr. John Imerman, Ms. Morgan Hawkins, Mr. James Chism and Mr. Ian Johnson. The research focused on buyers interest in sourcing vertical farm grown produce and the factors of greatest influence on that interest. The research also sought to understand the dynamic between lettuce and herb buyers and growers.

Reasons not to source from vertical farm depend on the region

Survey participants included category buyers, merchandisers, business development managers, and directors of fresh produce from the top ten US food service and retail distribution companies based on annual sales volume as well as the top fifty US grocery retailers based on regional market share. 42% percent of participants identified as having operations in the Mid-Atlantic states, 27% in New England, 27% in the Mid-west or South and 4% in the West.

Majority of the respondents had sourced from vertical farm grower suppliers in 2022.

All participants confirmed they currently source organic lettuce and herbs, however only 57% are currently sourcing lettuces from CEA growers and 43% are currently sourcing herbs from CEA growers. 67% had sourced from vertical farm grower suppliers in the last year while 33% had not looked into this sector at all.

As for reasons why this group had not sourced from vertical farms already, the answer seemed to depend on the region. For those in the southern most states, there was lack of demand for high quality product during the winter months and a disbelief that vertical farms could operate successfully in areas of high heat or humidity. To the north, it seemed that the growers were unable to meet the consistent supply of high quality product required. Others said that they were satisfied with seasonal products from local suppliers and did not yet have demand for local product in the colder months. There was also a group of respondents who were still researching options and had not determine which vertical farm company to partner with yet.

Nearly 70% of the group who had not sourced from vertical farms yet, said it was likely or somewhat likely that they would do it in the future.

It is also interesting to note that of the group who has not sourced from vertical farms yet, only 17% said it was somewhat unlikely that they would ever source from a vertical farm grower. Of those who are currently sourcing from vertical farms, 33% responded that they are extremely likely to expand sourcing from this sector in the future while the remaining 67% said they were somewhat likely. No respondents replied that they were undecided or not likely.

Of those who are currently sourcing from vertical farms, everyone was either somewhat or extremely likely to keep doing it in the future.

When asked the reasons why these buyers had sourced from vertical farms in the first place, most respondents listed concerns about supply from California, Arizona and Mexico as well as higher costs that they must pass along to their customers.
Consistency and reliability of supply are the key

Although there are concerns about the consistency and reliability of lettuce and herb supply from vertical farms, there is equal or greater concern about conventional supply for the same reasons. There may not be direct demand from end consumers for vertical farm grown produce yet, but there is hesitation on the part of the retailer and distributor in not offering these alternatives to their customers. It is reasonable to infer that there will be forgiveness in the supply chain as the vertical farm industry improves upon growing techniques and financial planning to ensure the success of their businesses. As one retailer noted, “it is now the responsibility of the grower and the retailers to successfully market vertical farm grown produce and educate the consumer on the benefits”.

At Netled, we interpret that as a sign of great things to come for our industry. We recognize the importance of building strong partnerships with our business customers and focusing efforts on promoting our industry and educating our end consumer. We are also confident in both our proprietary Vera® vertical farm technology and our farm management abilities. The data points we are monitoring at our two commercial scale farms in the Nordics as well as our demo farm in Canada continue to outperform expectations. This is on levels of energy consumption as well as quality of the product. We look forward to discussing our research findings and sharing information on our commercial scale Vera® vertical farm systems at Indoor Ag-Con and The NGA Show later this month. You’ll find Netled at the booth #517 and CEO Niko Kivioja speaking at the panel ‘Hardball: The State of the Vertical Farming Industry’ on Monday at 2:00pm.  

Growing Pains on the Way to a More Resilient Vertical Farming Industry

Written by David Nothmann , Unfold Chief Operating Officer on January 24, 2023. Posted in Blog, Exhibitor News.

As we usher in the New Year, a reflection on the dynamic last few months in indoor farming news provides some insight for what to expect in 2023 and beyond. We’ve seen both contractions by organizations like Fifth Season, Kalera and Infarm reevaluating and restructuring under financial pressure, and expansion, with others like GoodLeaf, Crop One and Freight Farms securing additional funding and growing.

Some observers have suggested we’re in the “Trough of Disillusionment” (the third of five phases in the Gartner Hype Cycle) but we’re right where we should be in the development of a healthy new market. Some first movers are finding success and others are still trying to achieve operational efficiency — and in an industry based on unit economics and efficiency (particularly yield per kilowatt hour), it’s all about efficiency.

Vertical farm operations are equal parts ag and tech, and they require incredibly complex systems, including climate control, lighting, irrigation, automation and, most importantly, systems integration. That last one, systems integration, is the linchpin. It is no small task to bring together disparate technology in a cohesive and coherent way that increases productivity and reduces costs, yet “operational efficiency” is generally not highly valued by venture capital investors. Nonetheless, the most successful vertical farming organizations to date have been those closest to achieving “systemness” — a concept most often applied to the healthcare system but also applicable to modern agriculture (both traditional outdoor and controlled environment indoor). Systemness is the highest achievable state of a complex system, with interconnecting elements working together to operate in ways that go beyond the operation of its component parts. In other words, one plus one equals three.

Bowery , an innovation partner of Unfold, is an instructive example. They’ve developed their own “operating system” that harmonizes data from across their facilities and finely tunes growing conditions based on that data. The BoweryOS, as they call it, brings all their systems together under one umbrella and helps them achieve systemness. Some observers are skeptical of claims made about the development of new operating systems and the use of artificial intelligence (AI), but you can’t argue with success. Bowery has doubled their revenue for the second year in a row and is on track to double their number of farms in 2023. Their success demonstrates a high degree of operational efficiency through a data-driven approach.

Unfold 2023 Gold Sponsor Indoor Ag-Con — Unfold is an industry-leading seed and digital solutions company advancing the vertical farming industry.

But even when optimal efficiency is achieved, most vertically farmed products today still fill a premium niche, which is why strong marketing programs are key to communicating value to both consumers and investors. Singapore based vertical farming company Sustenir, another Unfold innovation partner, is such an example. Introducing the concept of “Superfoods for Supercities,” Sustenir continues to elevate the discussion around nutrient-dense produce and the role vertical farming can play in the health and wellness of consumers. With additional operations in Malaysia and Hong Kong, Sustenir utilizes social media to connect with consumers and promote their own brands. In addition to fresh leafy greens, they “upcycle” waste streams into other products, like their Spectacular Spinach Noodles. This focus on branding and consumer packaged goods mindset is not unique to Sustenir in the vertical farming space, but they lead the Asian market in their emphasis on nutrition and sustainability.

The exciting thing to watch for over the next few years will be the shift toward parity with outdoor growers — at least in the product categories most conducive to vertical farming. We’re going to see a gradual but significant reduction on the cost side, as operations become more efficient, more data is collected and used, and technology costs decline. The very technology that made vertical farming possible in the first place — climate control systems, irrigation systems, and especially LED lighting systems — has steadily fallen in cost and is continuing a downward trend even in the midst of global inflationary pressures. Do you recall when the traditional A-shape LED bulb was introduced at a cost of around $30? Now they’re $3-4 — a 10-fold drop. Here’s how United Nations Environment Programme (UNEP) partner U4E describes the advancement: “Technologies for artificial lighting have made tremendous progress … from incandescent lamps, with a visible efficacy of about 10 lumen/watt, to compact fluorescent lighting with 50 lumen/watt, to the LED lamps as we know today of 110 lumen/watt to finally, this new LED breakthrough with incredible efficiency levels – 210 lumen/watt” (emphasis mine).

Even energy — the often-cited Achilles heel of vertical farming — will drop in cost over time as more renewables come online and farms become even more efficient in their energy use. Granted, the average retail price of electricity has risen over the past several years, which is why operators work so hard to secure a stable energy price. In the US, commercial electricity costs have risen roughly 7% from 2014 to 2021 according to Statista and remain on an upward trajectory, while industrial electricity has gone up about 2% over the same time frame. The increase is even higher in other places like Europe and Singapore. We believe co-location of large vertical farms with energy production will drive further efficiencies and cost reductions. This concept, advanced initially by Unfold CEO Sonia Lo, is captured in part in her interview by Greenhouse Grower, titled “Four Concentric Circles of Controlled-Environment Agriculture .” Keep in mind that these things are taking place in the context of an increasingly volatile climate that makes the predictability of indoor farming more and more attractive.

Just as important as reducing costs, we need to continue to boost vertical farming’s productivity. That’s where Unfold’s work comes in to play. We adamantly believe that productivity starts with better seeds, because even the most efficiently operated and technologically integrated vertical farm can’t afford to produce products from seeds that don’t perform optimally indoors. Our first step has been to screen existing seed libraries to identify the varieties most likely to succeed in indoor environments. With our exclusive license to Bayer genetics in lettuce, spinach, tomatoes, peppers, and cucumbers, we have a world-class library from which to choose. Using this approach, we will launch a few new romaine varieties in 2023 based on seed lines showing promising traits for vertical farming. Initial tests indicate strong harvest yield numbers and highly consistent saleable yield.

Our second step is to use all the tools of modern breeding to develop novel varieties with the most desired traits. Most genetics for leafy greens thus far have been developed for open field environments, with traits that protect plants from diseases and pests, as well as certain environmental stresses. Unfold is focusing on traits critical for indoor production both from an agronomic and produce quality perspective. In addition to utilizing existing Bayer germplasm, Unfold can access the full Bayer pipeline of genetic diversity to develop novel products honed for indoor production. Finally, as we accumulate performance data across our selection and breeding pipelines, we’re building our AI and data analytics platform to produce new high-performing products for indoor farming customers more quickly.

Tasty Romaine Unfold — Tasty romaine lettuce grown from Unfold seeds

For all of these reasons, Unfold is as confident as ever in the long-term success of vertical farming. As the industry matures, some organizations will succeed and expand while others struggle, contract, restructure or even ultimately fail. Over time, the balance will shift, as companies demonstrating operational excellence will continue to grow and new players learn what works and what doesn’t. That’s the development of a healthy new market. You can see it in the fact that the vertical farming industry is expanding beyond leafy greens into strawberries, tomatoes, and other high value crops.

Vertical farming will always be a supplement and not a replacement for traditional agriculture, but with a global population recently surpassing 8 billion and showing no sign of slowing, it will become an ever more important one — particularly as climate change creates additional pressures on the global food supply. Protected from the ravages of flood, drought, and pests, and closer to the urban centers demanding more fresh, local food, the niche that vertical farming fills right now will only grow. The headwinds currently slowing the industry’s growth are not permanent. Energy prices will eventually stabilize as farms secure their own renewable sources while continuing to improve efficiency through peer learning and technological advancement.

So, let’s be clear-eyed and not disillusioned moving forward. The vertical farming industry is right where it should be. Let’s continue to work together to address some key market needs and add value to consumers.

Have a taste for more? Please visit our website at www.unfold.ag and follow us on social media: Twitter, LinkedIn, and YouTube. Let’s seed the way forward, together.

Contacts:

David Nothmann, COO Unfold

pr@unfold.com

Kimberly Esterkin

Addo Investor Relations, unfold@addo.com

5 Questions With Plenty CEO Arama Kukutai

Written by Indoor Ag-Con on January 23, 2023. Posted in Blog.

Indoor Ag-Con is excited to welcome Plenty CEO Arama Kukutai to our keynote stage to give the opening morning address on Monday, February 27, 2023. Ahead of his keynote, we asked Arama about some of the company’s exciting developments; the challenges, trends and opportunities he sees for our industry; and what’s next for Plenty. Read more in this month’s CEO Q&A:

In September of 2022 Plenty announced plans to build the world’s largest indoor vertical farm campus near Richmond, VA. Can you share more details on this exciting project?

We’re building a first-of-its-kind campus of indoor vertical farms, which is significant for a few reasons. The structure of a cluster of farms on a shared site creates increased efficiencies as well as the opportunity to grow a wider variety of crops at scale on a single site. The Plenty Richmond Farm Campus has a potential annual production capacity of more than 20 million pounds of fresh produce. First up is our strawberry farm, which we broke ground on last fall and expect to deliver berries in market with our partner Driscoll’s in 2024.

Speaking of growth, can you also share any updates on your Compton, CA farm – including why you selected that location and how it fits into Plenty’s mission and growth strategy?

We want to be a part of building a food future where everyone has affordable access to fresh produce. The Plenty Compton Farm, which will be fully operational this year, is our first commercial farm, so it’s the culmination of nearly a decade of R&D and a major step forward in scaling our growing capabilities. We’re proud to be bringing agriculture back to Compton, and working with local retailers to increase affordable access to our produce for California and the western U.S.

In your opinion, what are the key challenges that the CEA/Vertical Farm industry must overcome?

Achieving scale, and scaling with positive unit economics, is the key challenge vertical farming has to overcome to be a permanent part of our food system. Energy consumption is also a challenge for our industry, so it’s important to prioritize energy efficiency as well as choose locations with access to cleaner energy sources.

As Co-Founder of Finistere Ventures, a venture firm dedicated to Agrifood investment, what trends or innovations in the industry are you most excited about?

There’s so much innovation happening to shape a new future for food that is more sustainable and equitable. The last decade saw more than $120 billion invested in innovation, now it’s time to demonstrate the commercial proof points. I’m most excited about the development of a hybrid agriconomy that brings together vertical farming, cultivation and fermentation to scale food production in ways that are better for the planet.

What’s next for Plenty?

Our focus for the immediate future is applying our technology and plant science R&D to commercial farms so we can scale our reach here in the U.S. and build our first international site. Beyond that, we’re continuing to expand our plant science innovation work to diversify the crops we have in market – strawberries are coming next, tomatoes and more are on the horizon. We are also going to announce new partnerships around financing the indoor asset class.

To learn more about Plenty, visit the website. And, make plans to join us for the 10th Anniversary Edition of Indoor Ag-Con, February 27-28, 2023 to hear Arama’s keynote address AND be part of the largest vertical farming & controlled environment agriculture gathering in the USA! Learn more.

‘Making Global Food Local’ | Q&A With Crop One CEO Craig Ratajczyk

Written by Indoor Ag-Con on December 14, 2022. Posted in Blog.

Last week Crop One announced the opening of its second U.S. farm, located in Hazle Township, Pennsylvania. Earlier this year, it partnered with Emirates Flight Catering to open the world’s largest vertical farm in Dubai. The company is also raising the bar in the plant science arena with its Plants First ™ approach, other innovations and truly putting its marketing phrase “Making Global Food Local” in action. Indoor Ag-Con is excited to welcome Crop One CEO Craig Ratajczyk to our growing speaker roster for the upcoming February 2023 edition. And, we had the chance to catch up Craig in this month’s CEO Q&A to learn more about the company’s exciting developments and plans.

Earlier this year, Crop One and its partner Emirates Flight Catering celebrated the opening of ECO 1 (Emirates Crop One), the world’s largest vertical farm in Dubai. Can you share a little about your mission and goals for this incredible new facility?

Given the arid land and climate, the UAE currently imports over 85% of its fresh produce, with over 30,000 tons of leafy greens imported each year. One of our goals is for ECO 1 to increase food security and food sovereignty in the region by providing sustainably-grown leafy greens to the UAE market. It’s a 330,000-square-foot facility, spanning three floors with an output of about 3 tons per day, and over one million plants being grown at any given time. Hydroponic cultivation uses up to 95% less water than traditional outdoor farming, which gets to another one of our goals for the new facility: to bring fresh, local produce to areas that might not otherwise have access to it given the harsh desert climate.

ECO 1 serves as a strong proof point for how additional vertical farms could be scaled and replicated around the globe, meeting consumer demand and providing food sovereignty to any region that needs it.

There’s a good bit of talk about innovation in the vertical farming arena these days. What is Crop One up to and what differentiates you from some of the other leaders in the marketplace today?

Crop One is leading the way when it comes to advances in plant science, and we’re particularly excited about a new plant-based protein that we’re researching alongside fellow industry experts. We are confident that this new innovation will open up additional market opportunities. We look forward to sharing more about this in the coming weeks.

During Indoor Ag-Con, you’ll be participating in our “Food Security Through CEA” panel. What is one of the key messages you hope to share during this session?

The threats to our global food security are steadily increasing — a rapidly growing global population (as you probably saw, we just surpassed the 8 billion mark), declining arable land, climate change and increasingly severe weather events, and continued supply chain disruptions. These conditions are endangering the food futures of people all over the world, particularly those in places where they might not have the infrastructure or resources needed to overcome new food challenges. One of the key messages I hope to share during the session is that with so many of these threats entirely out of our control, we must focus on new technologies that can overcome — not eliminate — these hurdles. While traditional outdoor agriculture may have worked for the last millennia, it’s not the solution to sustain us into the future.

Crop One sells its fresh, local produce to 30+ US retail stores under the FreshBox Farms brand. Your marketing for the brand highlights Crop One’s “ Plants First” ™ approach. What is that and why is an important part of your messaging?

Unlike other vertical farming companies, Crop One has a Plants First™approach, which recognizes that advances in technology and plant science are synergistic, so the main focus is how to effectively and efficiently grow plants in an artificial environment based on their biology. Only then do we automate the process. The Plants First approach takes a few factors into consideration including plant science, digital systems and innovation, operational efficiency and hardware, together all ensuring that we create the most nutritious and tasty product on the market.

What’s Next for Crop One – plans for expansion?

Excitingly, we just announced our second U.S. farm, located in Hazle Township, Pennsylvania. The 316,000-square-foot facility allows us to reach up to 50 million consumers within a 200-mile radius across the tristate and Mid-Atlantic areas, including customers in New York City, Philadelphia, and Baltimore. This new farm will allow us to meet growing retailer demand, while also introducing new consumers across the tristate area to the benefits of hydroponically grown produce.

Learn more about Crop One by visiting the website.

And be sure to put Craig’s Indoor Ag-Con 2023 panel session on your schedule:

Food Security Through CEA
10 am – 10:50 AM PST | Monday, February 27
See Full Conference Schedule

UK-Based Intelligent Growth Solutions Chooses Loveland, Colorado For North American Headquarters

Written by Indoor Ag-Con on November 17, 2022. Posted in Blog, Exhibitor News.

Intelligent Growth Solutions (IGS), the Scottish-based agricultural infrastructure company (and Indoor Ag-Con 2023 exhibitor!) , has announced that it has selected Loveland, Colorado, for its expansion into North America.

“IGS’ technology, mission and people are a perfect fit for the ag-tech ecosystem that continues to flourish across our region and in Loveland,” said City of Loveland Economic Development Director, Kelly Jones. “Northern Colorado provides tremendous value to a diverse range of industries and we are proud of this truly collaborative, regional effort to bring this innovative company, as well as high paying jobs, to the area.”

IGS designs, produces and maintains vertical farming technology that enables indoor growing anywhere, eliminates the need for pesticides or fungicides and reduces water consumption by up to 95%. Because no arable land is required, these systems can also be used to reduce the carbon footprint of food production by locating farms closer to the point of consumption or production. Opening a base of operations in Loveland will allow the company to better support North American customers, the company’s fastest growing market.

“The forward-looking approach to economic development within the city of Loveland and the state of Colorado fits perfectly with Intelligent Growth Solutions’ purpose of working with growers to help deliver sustainable food security,” said David Farquhar, CEO of IGS. “The location is within easy reach of a huge market as well as supply chain partners and is a great place for our people – and their families – to live, with 300 days of sunshine and just 30 miles from Rocky Mountain National Park.

“The location of our North American headquarters is a pivotal decision in our evolution as market leader. We are confident that our new Loveland base will allow our rapidly growing business to continue to expand and thrive on a global platform, as we deliver vertical farming infrastructure to enable real farmers to grow an expanding range of crops reliably, profitably and sustainably because we give them total control of the weather for the first time: designed in Scotland manufactured in Colorado.”

The company also chose Loveland for the strong, skilled labour pool. Overall, IGS expects to create 114 net new jobs at an average annual wage of $98,991, which is 183% of the average annual wage in Larimer County. Positions will include engineers, supply chain managers, human resource and legal managers, as well as roles in marketing and sales.

“Innovative companies like IGS are building on Colorado’s strong agricultural heritage to create a future-thinking ag tech industry that will feed communities and support a thriving economy across our state. We are pleased to see Loveland become IGS’s North American headquarters and look forward to celebrating future accomplishments,” said Patrick Meyers, OEDIT Executive Director.

“We are delighted to welcome Intelligent Growth Solutions to Loveland as they establish their base of operations. Their innovative technology, environmentally-focused mission and talented people are a perfect fit for the community,” said Jacki Marsh, Mayor of Loveland.

The State of Colorado will provide up to $2,758,845 in performance-based Job Growth Incentive Tax Credits to IGS. The company currently has 220 employees, one of whom is already based in Colorado. In addition to Colorado, the company considered Washington and Massachusetts.

About Intelligent Growth Solutions (IGS):

Founded in 2013, Intelligent Growth Solutions (IGS) is a multi-award-winning global business based in Scotland, which designs, supplies, and supports vertical farms for growers worldwide. We blend our engineering, crop science and agronomy skills to build the best technology to allow our customers to grow high-quality, nutritious food 365 days a year.

IGS delivers Total Controlled Environment Agriculture (TCEA) solutions to allow growers to take precise control over every element of the growing environment, enabling predictable and consistent cultivation in any suitable location.

In August 2018, IGS launched its Crop Research Centre in Dundee, and the business has since established a customer base across four continents. To date, IGS has raised more than $66.8 million in investment across two institutional fundraises (Series A concluding in September 2019 at $8.6 million and Series B concluding in November 2021 at $58.2 million).*

For more information visit www.igs.farm or connect with on Twitter and LinkedIn.

*Figures based on exchange rates as of September 2019 and October 2021 respectively.

Tag: vertical farming