One year after announcing their joint research and development work to grow strawberries indoors, Driscoll’s and Plenty Unlimited Inc., are expanding their relationship to build a new indoor vertical farm dedicated exclusively to strawberries. …
Kalera, a leader in sustainable indoor vertical farming, has finalized phase one of construction at the Changi Logistics Centre with the completion of the core structure for the fully automated farm. The multi-layer vertical farm will allow crops to grow throughout the year in any climate, in a controlled environment that mitigates risk of pathogens and maximizes taste and texture appeal. …
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 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 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. …
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