A Funding Frenzy And SPAC Listings Are Fueling The Indoor Growing Industry. But Does It Make Financial Sense?

  • 📰 Forbes
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A funding frenzy and SPAC listings are fueling the indoor growing industry, But does it make financial sense? by chloesorvino

That’s a lot of expectation for an industry whose actual impact has been muted so far. The top 20 brands selling leafy greens grown indoors have about $135 million in U.S. retail sales from just 22,000 stores. None of the top brands have cracked more than 3,000 doors on their own—less than 3% of the nationwide grocery store footprint.

“This is a capital efficient way to scale — to tap the public markets,” says Aerofarms CEO and cofounder David Rosenberg, who is expecting his 17-year-old company to list in this summer, pending regulatory approval. “Whether we're in several hundred supermarkets or several thousand, we feel like several hundred was enough to prove the business model.

“With the immense demand, we can’t make enough product. We don’t have to worry about demand. We have to worry about high quality scale and supply and being financially sustainable,” AppHarvest president David Lee said at the Indoor Ag Tech Conference last week. “We are bankable now, at really affordable, non-dilutive structures that will get better and better. There’s a lot of room to run.”

This article was published in Chloe’s newsletter, Forbes Fresh Take, which is all about big ideas changing the future of food.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canoo hit with shareholder derivative suit over SPAC merger statementsA Canoo Inc investor hit the electric vehicle maker’s board members and executives with a derivative suit on Friday, alleging they made false statements about its engineering business in connection with its $2.4 billion merger with a blank check company.
La source: Reuters - 🏆 2. / 97 Lire la suite »

A Funding Frenzy And SPAC Listings Are Fueling The Indoor Growing Industry. But Does It Make Financial Sense?The indoor growing industry is hot among investors. More than $715 million in funding has been secured by startups so far this year, amid the anticipation of two more public listings. But are expectations out of whack? chloesorvino We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 0.1 ($3,400) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM
La source: Forbes - 🏆 394. / 53 Lire la suite »

A Funding Frenzy And SPAC Listings Are Fueling The Indoor Growing Industry. But Does It Make Financial Sense?The indoor growing industry is hot among investors. More than $715 million in funding has been secured by startups so far this year, amid the anticipation of two more public listings. But are expectations out of whack? chloesorvino We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 0.1 ($3,400) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM
La source: Forbes - 🏆 394. / 53 Lire la suite »