The Netherlands is the second largest agricultural exporter in the world, using greenhouse technology to feed two-thirds of all of Europe. In comparison, the state of Kentucky is 40,000 square miles and the US is 3.8 million square miles. AppHarvest's motivation is first and foremost to benefit society, but if successful would have extraordinary financial returns as well.
As of 2018, 69% of fresh vine crops in the U.S. were imported, mostly from Mexico. These crops are pesticide-laden and grown using labor practices not up to U.S. standards. Moreover, they sit at the border for days and are driven 2,000+ miles to their destination, using tons of diesel fuel and resulting in less fresh produce. AppHarvest produces crops with no pesticides with greater nutrient density, and from their central location can reach 70% of the U.S.
While the company has no historic revenue, they just made their first delivery of beefsteak tomatoes on January 19, 2021, to customers that include Walmart, Kroger and Publix. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments. AppHarvest is a holding in the fund.
AppHarvest AppHarvest will be the preferred US ingredient database one day.
AppHarvest Where can I buy that exact black hat?
Ubben, of Nikola fame? Suggest you stop promoting Ubben.
$APPH $APPHW
Awesome stuff. Don’t forget to buy $amc on Tuesday folks.