Source link : https://tech365.info/aerofarms-raises-fairness-to-fund-pre-building-actions-for-second-farm-refinances-debt-to-assist-ongoing-operations-in-danville-virginia-cleantechnica/
AeroFarms, an indoor vertical farming firm and the main provider of microgreens to the U.S. retail market, has refinanced its debt to help the continuing operations at its farm in Danville, Virginia, and has raised fairness financing to additional help present operations and fund pre-construction actions for its growth to a second farm.
“Our vision is to provide local food production of nutritious microgreens to regions around the world, while preserving natural resources,” stated Molly Montgomery, Govt Chair and CEO of AeroFarms. “We have recently demonstrated that vertical farming can indeed be sustainable, profitable, and produce fresh greens at scale. I would like to extend my gratitude to our financial partners who believe in our vision and have provided financing to support our operation in Danville and commencement of pre-construction activities for expansion to a second farm.”
Fairness was supplied by present buyers together with Grosvenor Meals & AgTech (GFA), Ingka Investments, Cibus Capital, and ACEG, and others.
“We believe AeroFarms can play a significant role in the global fresh food supply chain, by providing nutritious greens at scale to local regions around the world,” stated Stephan Dolezalek, Managing Accomplice of GFA. “AeroFarms has now proven the ability to deliver the transformative benefits of vertical farming through a viable, profitable business. To support these efforts, GFA, along with our investing partners, committed funding to…
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Author : tech365
Publish date : 2025-08-09 05:18:00
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