Vertical Farming

Kalera to Go Public on NASDAQ through Merger with Agrico Acquisition Corp.

February 11, 2022 Kalera

Another vertical farming operation revealed its plans to hit Nasdaq by way of SPAC. This week, Florida-based Kalera announced plans to merge with Agrico Acquisition Corp. in a deal that values the agtech firm at $375 million. The move comes as plenty of excitement swirls around the category, though Kalera, which currently lists on the Euronext Growth Oslo exchange, has seen a notable stock price drop over the last year. …

Walmart and Plenty Partner to Lead the Future of Fresh Produce

February 4, 2022 Walmart

Walmart and Plenty Unlimited Inc. announced Walmart signed an agreement to invest in Plenty, an indoor vertical farming company, as part of their $400M Series E funding round subject to a regulatory approval. Walmart’s equity investment is part of a broader strategic partnership to utilize Plenty’s indoor vertical farming technology platform to deliver fresh produce to Walmart retail stores. As part of the investment, at closing, Walmart will also join Plenty’s Board of Directors. …

Upward Farms Announces World’s Largest Indoor Vertical Farm

January 19, 2022 Upward Farms

Upward Farms announced plans to add what will be the world’s largest vertical farm to its network. The new 250,000-square-foot facility, located in Luzerne County, Pennsylvania, is slated to be complete and operational in early 2023 — providing fresh, locally sourced microgreens and sustainably raised hybrid striped bass to consumers throughout the Northeast and beyond. …

Future Crops Brings Vertical Farming Closer to the Land

December 22, 2021 Future Crops, Ltd.

The challenges posed by urbanization and the gradual dwindling of arable land is driving more farming indoors. The agri-tech start-up Future Crops, Ltd. has developed the first indoor vertical farming system that grows its crops in a unique soil substrate composition, bringing this nascent farming concept closer to home and to the earth. …

The Largest Controlled-Environment Vertical Strawberry Farm in Canada is Launched in Vaudreuil

November 22, 2021 Winter Farm   

After launching its innovative concept a year and a half ago, Quebec company Winter Farm is inaugurating its first industrial unit in Vaudreuil. With a total area of 1,150 m2, the project carried out in two phases in partnership with Les Serres Vaudreuil becomes the largest controlled-environment vertical strawberry farm in Canada. Every year, between October and June, over 180,000 kilograms of strawberries will be grown, which is the equivalent of production yielded by more than 2 hectares of traditional greenhouse area. …