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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
