9th August 2022
Funding Round

In A Funding Round Led By Lewis & Clark, IUNU Raises $24 Million To Accelerate Its Development

In an oversubscribed Series B funding round led by Lewis & Clark Ventures, IUNU raises $24 million to grow its market positioning and product offering. This funding round has seen existing shareholders S2G Ventures, Ceres Partners and Astanor Ventures participate. As part of the Series B, Suhas Narayanaswamy, Principal at Lewis and Clark AgriFood has […]

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Mergers & Acquisitions

Local Bounti® To Acquire Pete’s® For $122.5 Million Creating Leading CEA Operator

Local Bounti® this morning announced plans to acquire, California based Hollandia Produce Group, Inc (Also known as Pete’s®) for USD 122.5 million through cash and their lending facility with Cargill. In the meantime, the company has announced that they have increased sales by 678% in 2021 but increased their EBITDA loss.   Local Bounti Corporation […]

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Mergers & Acquisitions

AgriFORCE Intends To Acquire Deroose Plants After Delphy Acquisition Leading To Stock Price Soaring

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple verticals, has entered into a binding letter of intent to acquire Deroose Plants NV (“Deroose”), one of the largest tissue culture propagation companies in the world with a leadership position in horticulture, […]

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Economy

Inflation Leads To Inflated Revenues, Watch Out For Upcoming Financial Results

Countries are facing unprecedented inflation rates, fueled by the yet-to-recover pandemic effects and the rising energy costs due to tensions between Russia and Ukraine. The United States just confirmed the highest Consumer Price Index increase since January 1982 (7,9% for the month of February), Germany witnessed a 5.1% increase, the Netherlands registered a 7.6% increase […]

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