29th September 2022
Corporate Financial Analysis Funding Round

Indoor Vertical Farming Funding Have Crossed USD 2.4Bn in 2022

Gotham Greens bagged a USD 310 million funding round sending total investments made in indoor vertical farming companies to an impressive USD 2.4 Billion in 2022 (and the year is not finished). This growth is impressive given the macroeconomic conditions we are experiencing in terms of inflation, interest rate hikes, and the slow fall in […]

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Corporate Finance Stock Market

CubicFarm System Lays offs 16.5% of Its Workforce

Canadian modular farming leaders, CubicFarm Systems Corp announced its Q2 financial & operating results for the three and six months ended June 30, 2022, & announce laying off 16.5% of its workforce during the quarter to enhance its operational margins. “In the second quarter, we continued our focus on project execution, including installations underway of […]

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Corporate Finance Partnerships

Urban Crop Solutions Launch Financing Solution

Urban Crop Solutions and Siemens Financial Services have launched a program whereby, under certain conditions, its customers can benefit from a financing option offered by Siemens Financial Services. Urban Crop Solutions (UCS) supplies end-to-end growth solutions in the fast-emerging global market of indoor vertical farming. Customers that have a sound financial track record will be […]

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Corporate Finance Stock Market

Hydrofarm Announces Preliminary Q2 2022 Results

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) announced preliminary unaudited financial results for its second quarter ended June 30, 2022. Bill Toler, Chairman and CEO, stated in the company’s press release, “We took positive steps during the second quarter to lower our cost structure and maintained a solid liquidity position; however, the hydroponics industry recession in […]

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Economy EMEA Finance

New UAE MoU To Support Agricultural SMEs

The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, announced in a recent press release the signing of a Memorandum of Understanding (MoU) to set up a scheme and offer financial solutions to state-of-the-art agricultural SMEs and start-ups […]

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Finance Stock Market

Signify Reports FQ2 & Updates on Sustainability Program

  Signify’s installed base of connected light points increased from 100 million in Q1 22 to 103 million in Q2 22 Sales of EUR 1,836 million; nominal sales increase of 14.1% and CSG of 5.1% LED-based sales represented 84% of total sales (Q2 21: 82%) Adj. EBITA margin of 9.5% (Q2 21: 10.9%) Net income […]

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Finance Stock Market

Kalera Plc Announces $10.0 Million Private Placement

Kalera Public Limited Company (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, announced today that it has entered into a securities purchase agreement with a single institutional investor to raise approximately $10.0 million through the private placement of 2,500,000 shares of common stock (or pre-funded warrants in lieu thereof), 2,500,000 Series A Warrants […]

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EMEA Finance Urban Farming Vertical Farming

Scotland Grants £200m To 150 Agriculture Projects

The Scottish government is said to contribute £200m to over 150 agriculture projects over the next five years. These projects include innovative studies and research on reducing greenhouse gas emissions in agriculture among other aspects. The investment will be part of the 2022-2027 Environment, Natural Resources, and Agriculture Strategic Research Programme (SRP). “In total, we […]

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EMEA Finance

UKRI Awards £8m To New Farming Concepts

UK Research and Innovation (UKRI) announced on the 9th of June the winners of a combined £8 million in funding, as part of Defra’s Farming Innovation Programme. The feasibility projects competition was created to back new and innovative solutions, aid research and collaboration, and encourage collaboration across the UK’s farmers, growers, and foresters. The competition, […]

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Finance Financial Analysis

PitchBook Data Show VC Backs Vertical Farming

In an article published on June 6th by David Stevenson on PitchBook, Data shows that Venture capitalists throughout the world further their investment in the vertical farming industry as the sector has already totaled nearly USD 800 million in the first 5 months of 2022 compared to USD 1.2Bn throughout 2021. Nonetheless, the figure is […]

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