CubicFarm Systems Corp V.CUB.DB

Interesting

[ARIMA11]

https://www.bloomberg.com/news/articles/2022-09-09/investors-eye-vertical-farms-amid-record-heat-and-droughts?

Currently, most vertical farmers lack scale, making it tough to raise money via stock listings. The market turbulence hasn’t helped. AeroFarms dropped its plan last October to go public via a merger, while shares of AppHarvest Inc. of Morehead, Kentucky, have slumped to less than $3 from a peak of $38 in 2021.

As startups, vertical farms gobble up capital and can take years to make profits or even achieve the scale of revenues necessary for a successful public listing. The result: Some of the companies prefer to remain private. 

 

For interested investors, the long-term promise can outweigh the shorter-term risks. Vertical farms are shielded from bad weather. They also consume 70% to 95% less water and emit less carbon than traditional farms, and their products are typically pesticide free and boast a longer shelf life. 

 

[bandit69]

None of them make any money.  Many have gone bankrupt regardless of the list of positives about saving water, no pesticides/herbicides, etc.  There is something to be said about that and there are reasons none are profitable although I can't say what the reasons are.  However, I would speculate that excessive overheads are a big component of this.

[ARIMA11]

https://www.bloomberg.com/news/articles/2022-09-14/plenty-to-build-world-s-largest-indoor-vertical-farming-complex? Plenty to Build ‘World’s Largest’ Indoor Vertical Farming Complex: The $300 million, 120-acre facility in Virginia will grow crops including strawberries, leafy greens and tomatoes. Based in California, Plenty recently closed a $400 million Series E funding round, which it says