Equilibrium plans to invest more than $110 million to back its portfolio company Revol Greens, as it expands into Texas through a four-phase construction of what it says will be the world’s largest indoor lettuce facility.
Revol Greens, a Minnesota-based producer of greenhouse lettuce, has plans to locate a new a manufacturing operation in Temple, Texas.
The Development Bank of Japan (DBJ) has made an undisclosed investment in Equilibrium Capital’s Controlled Environment Foods Fund II, becoming the first regional Asian investor to do so.
Concerns about the resiliency of the food supply chain went from conceptual to concrete when the COVID crisis shut down railroads and stranded ships.
The controlled environment agriculture (CEA) space appears to be in a race, with startups jostling to see which can build the biggest facility or supply the most produce.
AppHarvest (“the Company”), a developer and operator of large-scale, high-tech controlled environment indoor farms, and Novus Capital Corp. (Nasdaq: NOVS) (“Novus Capital”), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in AppHarvest becoming a public company.
AppHarvest, a Morehead, Ky.-based developer of large-scale tomato greenhouses, is going public via a reverse merger with a SPAC called Novus Capital (Nasdaq: NOVSU). The company would have an initial market value of around $1 billion.
Revol Greens announced that it closed a $68 million funding round, bringing the fast-growing company’s total financing to $215 million as it executes on its strategy of five locations in five years.
AppHarvest (“the Company”), a developer and operator of large-scale, high-tech controlled environment indoor farms, and Novus Capital Corp. (Nasdaq: NOVS) (“Novus Capital”), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in AppHarvest becoming a public company.
Hort Americas is currently working on a germination and propagation project of leafy greens and culinary herbs.