$SPRT.C - Vertical Farming Market Estimated to hit $17.59B The vertical farming market is now set to hit $17.59B by 2028, giving it a CAGR of 25.2% over the time frame. This extreme growth comes as vertical farming becomes cheaper, more available and organically grown crops are seeing increased demand (outpacing inorganic items). Vertical farming has a few key features that make it more efficient and environmentally friendly than traditional farming.
- 95% less water needed
- No over-fertilization since crops are grown in a controlled environment
- Consistent quality and mitigated risk from natural disasters
- Local/native crop availability (year-round supply)
-Rapidly increasing global population will fuel demand/climate change initiatives
https://www.google.ca/amp/s/finance.yahoo.com/amphtml/news/vertical-farming-market-hit-usd-102400192.html
A company I’ve been watching for a while is $SPRT. They’re a vertical farming company focused on building aeroponics. What sets them apart is the AI integration which will store and create a database for the company to help maximize growing efficiency. In addition to the AI, $SPRT is also utilizing an individual habitat system. This allows them to produce various crops under one roof since it eliminates cross-contamination during the growing process.
Both the AI and individual habitat system gives them a substantial competitive edge against other vertical farmers. With the vertical farming market set to reach $17.59B by 2028, the current price of $0.71 looks pretty cheap for $SPRT considering the future growth of the entire sector. I’ll be watching for an entry point very soon!