29th September 2022
Markets Stock Market

GrowGeneration Reports Second Quarter 2022 Financial Results

GrowGeneration Corp. (NASDAQ: GRWG) reported financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Highlights Compared to Prior-Year Period Net sales declined 44% to $71.1 million driven by softer industry demand Comparable store sales for the quarter decreased 56.9% Net loss of $136.4 million inclusive of $127.8 million impairment expense for […]

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Economy Funding Round Markets

New Funding Rounds Sends VC Activity To USD 1.1Bn in Vertical Farming

Good morning readers, recession looms closer as the US shows the first sign of an economic slowdown, the latest report on food innovation and investment opportunities, new funding rounds sends VC activity to USD 1.1Bn, and much more! Here are 5 things to know before this week’s opening bell! 1- US Data Shows First Signs […]

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EMEA Markets Stock Market Urban Farming

Singapore Urban Farm Plans Leads To Publicly-listed Companies

For the past decade, food insecurity has been a prominent discussion in Singapore as the small city-state seeks to ensure its food supply despite the lack of arable land (Only 1% of land available for food production) and its important reliance on food imports (90% of their food is imported). This situation was only exacerbated […]

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Economy EMEA Markets

Two New USD 84 Million Projects Awarded In Abu Dhabi

To ensure the country’s food security, the UAE have taken several actions in recent years to further its resilience. After launching the Food Tech Valley business park, setting plans to build the largest indoor vertical farms in Abu Dhabi and near the Dubai Expo site, the country has taken extra steps by awarding two new USD […]

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