Vertical farming company Plenty files for bankruptcy after raising nearly $1B
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in ...
AgWeb4mon
Bowery Farming to close
New York City-based Bowery Farming, a leafy greens, herbs and strawberries vertical grower, is reportedly ceasing operations, according to PitchBook, which referenced a document seen by it and ...
Hosted on MSN1mon
Five reasons why vertical farming is still the future, despite all the recent business failures
It now aims to focus solely on strawberry production in Virginia. New York-based Bowery Farming also halted all operations in late 2024, having previously being valued at US$2.3 billion.
Business Insider3y
An indoor farming startup is valued at $2.3 billion after a historic fundraising round as climate change concerns become more urgent
Bowery's deal is the biggest on record for the industry, but competitors have scored plenty of dough in recent months, including BrightFarms ($100 million last October), "Omakase" strawberry ...