What Happened This Week in Indoor Ag?

This is a condensed version of our Sunday edition sponsored by AgriHub Inc. & AmplifiedAg® to discover the rest as well as other editions, consider subscribing here.

Good morning readers, today we are going over this week’s indoor ag stock performance and the news highlighting the week in the indoor ag industry.

Indoor Ag companies haven’t had a great week in stock markets as most of them lost more than 10% of their stock value as a result of surprising news, desperate attempts to save the company’s future on markets, and driven by overall market conditions.

In Indoor Ag this week, we have a couple of partnership announcements calling for future funding in the industry as well as a company expanding its product portfolio to meet its demand.

Stock Market Recap Over The Past 5 Trading Days

• Agrify Corp lost 87.67% of its value since its 1:10 reverse stock split falling to USD 2.22 a share at closing on Friday
• Kalera lost 60.46% of its value since the beginning of the week driven by its decision to divest its seed subsidiary as well as international assets in the hopes of becoming cash flow positive sooner than anticipated. The stock closed at USD 0.28
• Edible Garden lost 4.35% of its value this week but is at risk of a de-listing notice as the stock has been trading under USD 1.00 a share for over 30 days and received on the 11th of delisting notice from the Listing Qualification Staff of The Nasdaq Stock Market LLC
• Urban-Gro gained 17.53% over the past 5 days driven by the company's announcement of USD 50M in signed contracts following the acquisition of Emerald Construction as well as the announcement of a binding letter of intent with a Texas-based Engineering company

This Week in Indoor Ag

Vertical Harvest Farms and FundHER World Capital formed a partnership for long-term growth to support the indoor farming company’s plans to expand locations starting with the large-scale farm in Maine.

The company mentioned in its press release, that the partnership comes after the closing of their Series A and “lays the foundation for a Series B funding round, with the support of DRA Family Office”

The other news is Bill Gates’ Energy Venture fund is said to consider other sectors including indoor farming in a bid to expand beyond climate mitigation towards climate adaptation as the world faces increasing disruption from climate change. Though the company is no stranger to indoor farming (They led the latest funding round by Texas-based Iron Ox), the firm is said to focus on several areas to assist farmers facing increasing droughtiness, and hotter temperatures and ensure crops remain productive.

Lastly, Surna Cultivation Technologies , a subsidiary of CEAD industries is expanding its product portfolio offering water treatment solutions to its clients. In its press release, the company says that it “understands the need for pure, clean water to ensure consistent and healthy crops and will provide a comprehensive water treatment system based on clients’ unique water treatment needs”.

Other News

Revol Greens Doubles Its Romain Production With New Texas Facility

Partnership To Leverage Vertical Farming To Bring Personalized Nutrition to North America

Dutch Greenhouse Delta Leads Trade Mission in KSA

University of Surrey Launch USD 4.5M Tree Propagation Project With LettUs Grow

Gardyn Unveils the Next Generation of Its Indoor Garden

Heliospectra Publishes the Interim Report for July-September 2022

Iran Looms Indoor Farming For The Future of Its Agriculture Industry

Events To Attend

3rd Global Vertical Farming Show 29th & 30th November | Welcomhotel By ITC Hotels, New Delhi, India - Read more here.

5th annual Asia-Pacific Agri-Food Innovation Summit on October 26-28 - Read more here.

The Global Community for AgTech and FoodTech Innovators, Cumulus Event - Read more here.

This is a condensed version of our Sunday edition sponsored by AgriHub Inc. & AmplifiedAg® to discover the rest as well as other editions, consider subscribing here.