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Agtech Company AppHarvest Has Secured A $91m Financing Arrangement With Sustainably-Focused Investment Firm Equilibrium Capital To Fuel The Future Construction of 12 High-Tech Indoor Farms by 2025
Agtech company AppHarvest has secured a $91m financing arrangement with sustainably-focused investment firm Equilibrium Capital to fuel the future construction of 12 high-tech indoor farms by 2025.
By Mary Ellen Shoup
July 27, 2021
Agtech company AppHarvest has secured a $91m financing arrangement with sustainably-focused investment firm Equilibrium Capital to fuel the future construction of 12 high-tech indoor farms by 2025.
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Center To Announce First Winners of Its “Best In Class” Awards
The Center of Excellence for Indoor Agriculture, a U.S. based company that supports the growth and development of the vertical and indoor farming industry, will announce the first winners of its Center of Excellence “Best in Class”TM Awards for indoor farm manufacturers at a virtual event scheduled for August 4th with Indoor Ag-Con.
By July 23, 2021
The Center of Excellence for Indoor Agriculture, a U.S. based company that supports the growth and development of the vertical and indoor farming industry, will announce the first winners of its Center of Excellence “Best in Class” TM Awards for indoor farm manufacturers at a virtual event scheduled for August 4th with Indoor Ag-Con. The goal of the “Best in Class” Awards is to recognize operational excellence in the indoor agriculture industry through an analysis of KPI’s on indoor farm operations and the supporting equipment.
The announcement will take place in the context of a virtual panel discussion on the importance of metrics to indoor farm sustainability and future investment in indoor agriculture. Finalists and industry thought leaders will sit on the panel. Those interested may register for the event at: indoor.ag/webinar.
The winners will be announced virtually in two categories: commercial indoor production systems and indoor farm lighting fixtures. Indoor production systems are turnkey systems that are optimized for the production of leafy greens and other vegetables in indoor vertical farm facilities. The top systems use the least amounts of water, energy, labor, and other resources to produce the greatest yield. The top lighting fixtures are energy-efficient, affordable, and yield-optimizing.
“We are really excited to recognize excellence among the Agtech manufacturers supporting the indoor and vertical farming industry. Our finalists offer solutions that help indoor farms achieve operational efficiency and sustainability. We believe the awards can help spur innovation in this space,” stated Eric W. Stein, Ph.D., founder and Executive Director of the Center of Excellence.
The winning products were selected through a process that includes being nominated and then evaluated according to technical and operational merits in several categories. The Center performs a quality check on the data before being input into a proprietary weighted multi-criteria model. Products are also evaluated based on interviews and an analysis of online data.
More Info: More detailed information on the Center’s awards can be found at https://indooragcenter.org/awards. Growers and manufacturers are invited to become nominated and begin the application process. Winners receive several benefits including industry recognition, social media exposure as well as participation in future panel discussions and conferences.
About the Center
The Center of Excellence for Indoor Agriculture provides insights about the economics of indoor farming based on a careful analysis of industry data and from thought leaders in industry and academia. As the first U.S.-based Center of Excellence dedicated to indoor farming, it promotes best practices, benchmarking, networking, knowledge development, and research. Its annual Best in Class Indoor Farming Awards (TM) recognizes top indoor growers and manufacturers. The Center is located in the Philadelphia metro region.
About Indoor Ag-Con
Indoor Ag-Con is an organization that hosts premier events centered around building the indoor agriculture community. They unite growers and engineers alike to create a prime networking opportunity through discussions, workshops, and exhibits enhancing the participants’ knowledge of growing crops in indoor systems.
Media Contact Information
Center of Excellence for Indoor Agriculture
indooragcenter.org
team@indooragcenter.org
Vertical Farming Startup Oishii Raises $50m In Series A Funding
“We aim to be the largest strawberry producer in the world, and this capital allows us to bring the best-tasting, healthiest berry to everyone.”
By Sian Yates
03/11/2021
Oishii, a vertical farming startup based in New Jersey, has raised $50 million during a Series A funding round led by Sparx Group’s Mirai Creation Fund II.
The funds will enable Oishii to open vertical strawberry farms in new markets, expand its flagship farm outside of Manhattan, and accelerate its investment in R&D.
“Our mission is to change the way we grow food. We set out to deliver exceptionally delicious and sustainable produce,” said Oishii CEO Hiroki Koga. “We started with the strawberry – a fruit that routinely tops the dirty dozen of most pesticide-riddled crops – as it has long been considered the ‘holy grail’ of vertical farming.”
“We aim to be the largest strawberry producer in the world, and this capital allows us to bring the best-tasting, healthiest berry to everyone. From there, we’ll quickly expand into new fruits and produce,” he added.
Oishii is already known for its innovative farming techniques that have enabled the company to “perfect the strawberry,” while its proprietary and first-of-its-kind pollination method is conducted naturally with bees.
The company’s vertical farms feature zero pesticides and produce ripe fruit all year round, using less water and land than traditional agricultural methods.
“Oishii is the farm of the future,” said Sparx Group president and Group CEO Shuhei Abe. “The cultivation and pollination techniques the company has developed set them well apart from the industry, positioning Oishii to quickly revolutionise agriculture as we know it.”
The company has raised a total of $55 million since its founding in 2016.
VIDEO: Device Communicates With Plants Using Electric Signals
Researchers envision a future where farmers can take preventive steps to protect their crops, using the plant ‘communication’ device they have developed
24 March 2021
Researchers envision a future where farmers can take preventive steps to protect their crops, using the plant ‘communication’ device they have developed.
A team of scientists led by Nanyang Technological University, Singapore (NTU Singapore) has developed a device that can deliver electrical signals to and from plants, opening the door to new technologies that make use of plants.
The NTU team developed their plant ‘communication’ device by attaching a conformable electrode (a piece of conductive material) on the surface of a Venus flytrap plant using a soft and sticky adhesive known as hydrogel.
Pick up and transmit electric signals
With the electrode attached to the surface of the flytrap, researchers can achieve two things: pick up electrical signals to monitor how the plant responds to its environment, and transmit electrical signals to the plant, to cause it to close its leaves.
According to the scientists, the ability to measure the electrical signals of plants could create opportunities for a range of useful applications, such as plant-based robots that can help to pick up fragile objects or to help enhance food security by detecting diseases in crops early.
Text continues underneath the video
Monitor crop health
The research team envisions a future where farmers can take preventive steps to protect their crops, using the plant ‘communication’ device they have developed.
Lead author of the study, Chen Xiaodong, President’s Chair Professor in Materials Science and Engineering at NTU Singapore said: “Climate change is threatening food security around the world. By monitoring the plants’ electrical signals, we may be able to detect possible distress signals and abnormalities. When used for agriculture purpose, farmers may find out when a disease is in progress, even before full‑blown symptoms appear on the crops, such as yellowed leaves. This may provide us the opportunity to act quickly to maximise crop yield for the population.”
Smartphone
The device has a diameter of 3 mm and is harmless to the plant. The researchers say it does not affect the plant’s ability to perform photosynthesis while successfully detecting electrical signals from the plant. Using a smartphone to transmit electric pulses to the device at a specific frequency, the team elicited the Venus flytrap to close its leaves on demand, in 1.3 seconds.
The researchers have also attached the Venus flytrap to a robotic arm and, through the smartphone and the ‘communication’ device, stimulated its leaf to close and pick up a piece of wire half a millimetre in diameter.
Little Leaf Farms Raises $90M to Grow Its Greenhouse Network
Massachusetts-based Little Leaf Farms has raised $90 million in a debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast. The round was led by Equilibrium Capital as well as founding investors Bill Helman and Pilot House Associates. Bank of America also participated.
by Jennifer Marston
Image from: Little Leaf Farms
Massachusetts-based Little Leaf Farms has raised $90 million in a debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast. The round was led by Equilibrium Capital as well as founding investors Bill Helman and Pilot House Associates. Bank of America also participated.
Little Leaf Farms says the capital is “earmarked” to build new greenhouse sites along the East Coast, where its lettuce is currently available in about 2,500 stores.
The company already operates one 10-acre greenhouse in Devins, Massachusetts. Its facility grows leafy greens using hydroponics and a mixture of sunlight supplemented by LED-powered grow lights. Rainwater captured from the facility’s roof provides most of the water used on the farm.
According to a press release, Little Leaf Farms has doubled its retail sales to $38 million since 2019. And last year, the company bought180 acres of land in Pennsylvania on which to build an additional facility. Still another greenhouse, slated for North Carolina, will serve the Southeast region of the U.S.
Little Leaf Farms joins the likes of Revol Greens, Gotham Greens, AppHarvest, and others in bringing local(ish) greens to a greater percentage of the population. These facilities generally pack and ship their greens on the day of or day after harvesting, and only supply retailers within a certain radius. Little Leaf Farms, for example, currently servers only parts of Massachusetts, Pennsylvania, New York, and New Jersey.
The list of regions the company serves will no doubt lengthen as the company builds up its greenhouse network in the coming months.
Yasai To Establish First Zürich Vertical Farm, Strategic Partnership Announced
iFarm with Yasai AG (Switzerland) and Logiqs B.V. (Netherlands) are proud to announce the beginning of a long-term cooperation. With the launch of the first vertical farm project in Zurich, Yasai AG announced the signing of a strategic agreement with equipment and tech suppliers
Image from: Urban Ag News
iFarm with Yasai AG (Switzerland) and Logiqs B.V. (Netherlands) are proud to announce the beginning of a long-term cooperation.
With the launch of the first vertical farm project in Zurich, Yasai AG announced the signing of a strategic agreement with equipment and tech suppliers. The company involved Logiqs and iFarm as technology partners in the construction of a pilot facility, with 673 sq. m of growing area and with a design capacity of 20 tons of fresh herbs per year.
The Dutch company Logiqs will act as a supplier of automated shelving systems and grow lights. iFarm will supply the nutrient solution management system, climate control equipment, and the Growtune software platform which enables flow chart implementation and control over production conditions and processes. Going forward, the partners plan to scale up the experience of rapidly constructing an automated, compact, high-performance vertical farm, gained in a Swiss project, across the globe.
Image from: Urban Ag News
Mark Essam Zahran (co-founder Yasai):
The project will not just be limited to the testing and fine-tuning of state-of-the-art innovative solutions. We expect to lay the groundwork for large-scale industrial vertical farming in smart cities and showcase the incredible benefits of a circular economy. A plantation in the largest Swiss city, one of the most expensive cities in the world, will help us assess the economic prospects and give other European cities an example of how to produce an abundant yield without harming the planet, plants, and people.
Gert-Jan van Staalduinen (owner Logiqs):
The Swiss project opens up interesting prospects for us. We expect a fruitful collaboration with Yasai experts and a beneficial exchange of best practices with iFarm. With our vast experience in implementing automation and logistics systems on farms, we will be able to build a technologically advanced farm in the very heart of Europe.
Kirill Zelenski (CEO iFarm Europe):
We appreciate how meticulous and scrupulous Yasai is and are impressed by their passion and drive. We are just as inspired by the prospect of working with seasoned professionals from Logiqs. We hope that our software technologies will perfectly complement their hardware and the project as a whole will become a lasting benchmark for the industry and will serve as the beginning of a long-term cooperation.
Bringing The Future To life In Abu Dhabi
A cluster of shipping containers in a city centre is about the last place you’d expect to find salad growing. Yet for the past year, vertical farming startup Madar Farms has been using this site in Masdar City, Abu Dhabi, to grow leafy green vegetables using 95 per cent less water than traditional agriculture
Amid the deserts of Abu Dhabi, a new wave of entrepreneurs and innovators are sowing the seeds of a more sustainable future.
Image from: Wired
A cluster of shipping containers in a city centre is about the last place you’d expect to find salad growing. Yet for the past year, vertical farming startup Madar Farms has been using this site in Masdar City, Abu Dhabi, to grow leafy green vegetables using 95 per cent less water than traditional agriculture.
Madar Farms is one of a number of agtech startups benefitting from a package of incentives from the Abu Dhabi Investment Office (ADIO) aimed at spurring the development of innovative solutions for sustainable desert farming. The partnership is part of ADIO’s $545 million Innovation Programme dedicated to supporting companies in high-growth areas.
“Abu Dhabi is pressing ahead with our mission to ‘turn the desert green’,” explained H.E. Dr. Tariq Bin Hendi, Director General of ADIO, in November 2020. “We have created an environment where innovative ideas can flourish and the companies we partnered with earlier this year are already propelling the growth of Abu Dhabi’s 24,000 farms.”
The pandemic has made food supply a critical concern across the entire world, combined with the effects of population growth and climate change, which are stretching the capacity of less efficient traditional farming methods. Abu Dhabi’s pioneering efforts to drive agricultural innovation have been gathering pace and look set to produce cutting-edge solutions addressing food security challenges.
Beyond work supporting the application of novel agricultural technologies, Abu Dhabi is also investing in foundational research and development to tackle this growing problem.
In December, the emirate’s recently created Advanced Technology Research Council [ATRC], responsible for defining Abu Dhabi’s R&D strategy and establishing the emirate and the wider UAE as a desired home for advanced technology talent, announced a four-year competition with a $15 million prize for food security research. Launched through ATRC’s project management arm, ASPIRE, in partnership with the XPRIZE Foundation, the award will support the development of environmentally-friendly protein alternatives with the aim to "feed the next billion".
Image from: Madar Farms
Global Challenges, Local Solutions
Food security is far from the only global challenge on the emirate’s R&D menu. In November 2020, the ATRC announced the launch of the Technology Innovation Institute (TII), created to support applied research on the key priorities of quantum research, autonomous robotics, cryptography, advanced materials, digital security, directed energy and secure systems.
“The technologies under development at TII are not randomly selected,” explains the centre’s secretary general Faisal Al Bannai. “This research will complement fields that are of national importance. Quantum technologies and cryptography are crucial for protecting critical infrastructure, for example, while directed energy research has use-cases in healthcare. But beyond this, the technologies and research of TII will have global impact.”
Future research directions will be developed by the ATRC’s ASPIRE pillar, in collaboration with stakeholders from across a diverse range of industry sectors.
“ASPIRE defines the problem, sets milestones, and monitors the progress of the projects,” Al Bannai says. “It will also make impactful decisions related to the selection of research partners and the allocation of funding, to ensure that their R&D priorities align with Abu Dhabi and the UAE's broader development goals.”
Image from: Agritecture
Nurturing Next-Generation Talent
To address these challenges, ATRC’s first initiative is a talent development programme, NexTech, which has begun the recruitment of 125 local researchers, who will work across 31 projects in collaboration with 23 world-leading research centres.
Alongside universities and research institutes from across the US, the UK, Europe and South America, these partners include Abu Dhabi’s own Khalifa University, and Mohamed bin Zayed University of Artificial Intelligence, the world’s first graduate-level institute focused on artificial intelligence.
“Our aim is to up skill the researchers by allowing them to work across various disciplines in collaboration with world-renowned experts,” Al Bannai says.
Beyond academic collaborators, TII is also working with a number of industry partners, such as hyperloop technology company, Virgin Hyperloop. Such industry collaborations, Al Bannai points out, are essential to ensuring that TII research directly tackles relevant problems and has a smooth path to commercial impact in order to fuel job creation across the UAE.
“By engaging with top global talent, universities and research institutions and industry players, TII connects an intellectual community,” he says. “This reinforces Abu Dhabi and the UAE’s status as a global hub for innovation and contributes to the broader development of the knowledge-based economy.”
Pontus Submits Building Permit Application for Surrey Aquaponics Facility
The Company has submitted a construction application to the City of Surrey for its 20,570 square foot aquaponics facility. The approval process is estimated to be completed within 6 weeks and is expected to be followed by the immediate commencement of construction of the Facility's leasehold improvements. Accordingly, the leasehold improvements are to consist of a complete retrofit of the Facility to establish Pontus' solar-powered, water recycling CEVASTM aquaponic system
VANCOUVER, BC, Feb. 3, 2021 /CNW/ - Pontus Protein Ltd. ("Pontus" or the "Company"), is pleased to announce it has made significant progress towards the development of its state of the art, integrated aquaponics facility located in Surrey, British Columbia, Canada (the "Facility").
Image from: CNW Group/Pontus Protein Ltd
The Company has submitted a construction application to the City of Surrey for its 20,570 square foot aquaponics facility. The approval process is estimated to be completed within 6 weeks and is expected to be followed by the immediate commencement of construction of the Facility's leasehold improvements. Accordingly, the leasehold improvements are to consist of a complete retrofit of the Facility to establish Pontus' solar-powered, water recycling CEVASTM aquaponic system.
The installation of all required equipment for the growth and production is forecasted to take between four and six months to complete. Upon completion, the Facility will be approximately 20 times the size of Pontus' prior prototype facility. The prototype facility has been used to test and develop the technology for the Company's proprietary growing process.
The Facility, as seen in the image above and video below, will utilize an array of additional technologies to create a clean and sustainable aquaponics ecosystem. Solar energy panels will be installed to capture renewable energy and power the closed-loop water system, which recycles up to 95% of all water inputs. The implementation of the Facility's unique, sustainable technology in conjunction with Pontus' proprietary CEVAS™ automated growth technology will allow the Company to emphasize biosecurity in its agricultural production processes, removing the need for additional chemicals, pesticides, and other non-native components.
Pontus CEO, Conner Yuen states: "Entering the construction application process is a major milestone for the Company as we move toward the commissioning of the Facility. Our aim is to create a state of the art process that will incorporate the latest in sustainable agriculture technology. The ability to implement this highly efficient technology solves many issues we see with current methods of food production such as land scarcity and low yields and contamination.
Pontus' biosecurity and renewable food sources are intended to create a proactive solution to these issues by reducing the potential for contamination and the need for pesticides. Pontus hopes the Facility will revolutionize how traditional agriculture is conducted and show the power of technological food advancements."
Plant-based Protein Powder Market
The Company's plant-based protein powder is a premium entry into the global protein and supplements market, which is currently valued at USD$15 Billion and is expected to grow to USD$20 Billion by 2025 according to Grand View Research. This growth is expected to be fuelled by many North Americans reducing or eliminating the regular consumption of animal products. The North American plant-based protein market is also anticipated to grow at a compound annual growth rate of 14% from 2019 through 2025.
About Pontus Protein Ltd
Pontus Protein Ltd. makes pure plant-based protein powder sourced from nutritious water lentils, farm-grown in Vancouver, BC, with development plans to expand to Surrey, B.C.. Not only does Pontus Protein Powder exceed certified organic standards, but it's also gluten-free, pure and allergen safe. It's jam-packed full of antioxidants, minerals, vitamins and ALL the essential amino acids.
This is not your average lentil, these are water lentils; a crop that can be harvested every 24 hours in an indoor aquaponic farm that uses 95% less water than traditional agriculture, using Pontus' proprietary Closed Environment Vertical Aquaponics System (or CEVAS™) aquaponic agritech technology. This is wonderful news for a planet populated with us hungry and health-conscious humans.
The Future of the Food Supply Chain Lives on a Rooftop in Montreal
The world’s biggest commercial rooftop greenhouse sits atop a former Sears warehouse in a semi-industrial northwestern quarter of Montreal. Early every morning, staff pick fresh vegetables, then bring them downstairs, where they get packed into heavy-duty plastic totes along with the rest of the day’s grocery orders.
Image from: Lufa Farms
The world’s biggest commercial rooftop greenhouse sits atop a former Sears warehouse in a semi-industrial northwestern quarter of Montreal. Early every morning, staff pick fresh vegetables, then bring them downstairs, where they get packed into heavy-duty plastic totes along with the rest of the day’s grocery orders.
Tablets loaded with custom pick-and-pack software tell them where to put what: This basket has lettuce, tomatoes, and cucumbers, plus some chicken, eggs, and milk. The next one has eggplant, cashew Parmesan, tomato sauce, fresh pasta, and vegan ground round crumble. Whatever Luca doesn’t grow in its four greenhouses comes from local farms and producers, mostly from within 100 miles.
This is a modern foodie’s dream: a tech-forward online shop full of locally grown, pesticide-free, ethically-sourced products at reasonable price points, delivered once a week to either your doorstep or a local pickup point in your neighborhood.
It’s stunning to think Lufa was founded by two people who’d never even grown a tomato before, let alone sold one. “We said, ‘Instead of learning how the food world works, let’s just come up with what we feel the food world should be,’” says Mohamed Hage, 39, who cofounded Lufa with Lauren Rathmell in 2009.
To them, it looked like this: rooftop greenhouses that bring agriculture into cities. No pesticides, herbicides, or fungicides. Composting their green waste. Selling direct-to-consumer the same day the food is harvested. Capturing and reusing rainwater. Reusable packaging.
That’s exactly what they now have—and they feed a portion of Montreal, the second-biggest city in Canada, with it.
Image from: Lufa Farms
Back in the warehouse, workers poke at their tablets, checking off items as they’re packed into the boxes.
Customers—Lufavores, as the company calls them—typically place their orders a few days before delivery through the online store, dubbed “the Marketplace,” which Lufa built from scratch in 2012. That’s how Lufa’s suppliers know how much product to provide: They get forecasts first, then final order numbers, through their Lufa software. Some items, like frozen meat, can be delivered to the warehouse once a week. Others, like bread, arrive fresh every day.
Artisanal Montreal bakery la Fabrique Arhoma started supplying Lufa with bread and pastries about six years ago, co-owner Ariane Beaumont tells Fortune. Today, they hand-make 6,000 individual items a day for Lufa. Beaumont said Lufa now accounts for between 30% to 40% of her commercial sales; since pandemic shutdowns, a lot of the product destined for restaurants got redirected to Lufa. “They’re an exceptional company. I don’t know how they do it,” Beaumont says. “And they pay the fastest, too.”
Technology is the underpinning of Lufa’s success, and the owners know it.
“We see ourselves as a technology company, in the sense that we solve with software,” Rathmell, 32, says. They didn’t really have any other choice. To fulfill that dream they had back in 2009—years before COVID-19 forced most grocery stores to enable online shopping—they had to do it themselves.
“Nothing off-the-shelf can be applied to what we do, because it’s so complex,” Rathmell notes. “We harvest food ourselves; we gather from farmers and food makers throughout the province; most of it’s arriving just in time throughout the night to be packed in baskets for that day, and every order is fully unique.”
Lufa now has a team of eight programmers working on software and systems that manage e-commerce, warehouse management, routing, customer relationships, supplier fulfillment, pick-and-pack, vendor payments, delivery ETAs, and more.
Those technologies were tested on that fateful Friday the 13th last March, when Quebec and Canada each announced their first waves of COVID-19 lockdowns. People panicked, rushing to the grocery store to stock up on flour and toilet paper.
Online, new sign-ups for Lufa’s weekly grocery baskets exploded, and existing subscribers began ordering more than they’d ever ordered before—all while Lufa’s pickup points were shutting down. “We essentially doubled overnight,” Rathmell recalls. Lufa was forced beyond its operational capacity, and the cracks started showing in the systems and software that had, until that point, done a fine job getting the company by.
Lufa temporarily closed the website and opened a wait list. The staff analyzed the pandemic’s trajectory and how they had to adapt at each step; reconfigured their warehouse floor to station workers further apart; then relaunched at the capacity they could handle, gradually scaling each week until they hit their usual stride. Today, they’re humming along at 25,000 baskets a week.
Leading with tech helped make them nimble and strategic during those hairy early pandemic days, said Hage and Rathmell. After some recalibrations and new developments, their software and processes can now handle more customers, vendors, and processes—critical elements as the company continues to scale its greenhouse operations. In August of 2020, Lufa opened its fourth greenhouse, doubling its square footage. The four greenhouses combined produce 57,000 pounds of food a week. A fifth is planned for this year.
“Our objective at Lufa is to get to the point where we’re feeding everyone in the city,” Hage says.
And after Montreal? They’re planning on a yet to be determined second site in the northeastern pocket of North America, ideally this year. “Our vision is to grow food closer to where people live, and grow it more sustainably,” Rathmell says.
Image from: Lufa Farms
Bringing high-yield crop production into cities is a smart answer to many modern challenges in environmental and human health.
Mark Lefsrud, an associate professor of agricultural and environmental sciences at McGill University, points out that embracing technologies like LEDs and automation to grow indoors and in urban greenhouses means shorter supply chains, better nutritional integrity, less food waste, and reduced vulnerability to climate swings. In cities fed primarily by low-carbon energy (hydroelectricity in Montreal’s case), indoor growing versus importation becomes even more of a no-brainer.
“I’ve been working in the controlled environment and greenhouse industry for 20-some years, and having a company like Lufa has brought a lot of attention to not just urban agriculture, but also the need for greenhouse production,” Lefsrud says, adding that Lufa’s success has prompted more government investment in the sector overall.
“The Quebec government now takes this as a serious venture system, which then means that the students that I’m training, and research we’re doing here at the university, now have employment and have the possibility of setting up their own system,” says the McGill professor.
That idea, of developing more vertically integrated food systems, is a passion of Hage’s—not only for the idea of cutting out production and transformation middlemen to improve profit margins, but also to improve quality, traceability, and ultimately the ethics of food production.
“You know, every time we talk to someone about it, we feel like it’s the ’80s, and we’re holding a big solar panel trying to convince the room that this is the future,” Hage says.
As the larger agricultural industry catches on to vertical integration, it seems Hage and Rathmell are no longer mad scientists with a crazy dream. Instead, they are the voice of reason—and a new generation of food.
As the larger agricultural industry catches on to vertical integration, it seems Hage and Rathmell are no longer mad scientists with a crazy dream. Instead, they are the voice of reason—and a new generation of food.
As the larger agricultural industry catches on to vertical integration, it seems Hage and Rathmell are no longer mad scientists with a crazy dream. Instead, they are the voice of reason—and a new generation of food.
NASA's Challenge To Grow Food In Space Can Win You Up To $500,000
There are thousands of bizarre challenges doing the rounds on the internet. These unique challenges soon go viral on the internet, with countless participants hopping on board. A number of these challenges also involve some form of food. If you're a food innovator who's looking for the next interesting challenge to take up, NASA (National Aeronautics and Space Administration) may have something for you. The NASA, in collaboration with Canada's CSA (Central Space Agency), has launched a 'Deep Space Food Challenge'. The one-of-a-kind competition seeks to find food production technologies which are sustainable in long duration missions to outer space.
NASA has launched a 'Deep Space Food Challenge' to prompt innovation of food production techniques and technologies viable in outer space.
Image from: Deep Space Food
There are thousands of bizarre challenges doing the rounds on the internet. These unique challenges soon go viral on the internet, with countless participants hopping on board. A number of these challenges also involve some form of food. If you're a food innovator who's looking for the next interesting challenge to take up, NASA (National Aeronautics and Space Administration) may have something for you.
The NASA, in collaboration with Canada's CSA (Central Space Agency), has launched a 'Deep Space Food Challenge'. The one-of-a-kind competition seeks to find food production technologies which are sustainable in long duration missions to outer space.
Our cargo resupply missions can only go so far! That's why we need your help to design a food system to keep our astronauts feed during long duration space exploration.
— NASA Wallops (@NASA_Wallops) January 30, 2021
Check out the @NASAPrize Deep Space Food Challenge: https://t.co/9mxtZXbwaC pic.twitter.com/izU8nSqPDc
A short video explaining the purpose behind the challenge was shared by the official handle. The 56-second clip elaborated on how astronauts embarking on lunar space exploration missions usually rely on pre-packaged meals or resupply of food through shuttles from Earth.
Thus, creating a brand, new food production system with minimal input and nutritious output with minimal wastage can go a long way in fuelling longer duration space explorations. The challenge's focus is on identifying food production technologies that can help feed a crew of four astronauts and help fill food gaps for a three-year round-trip mission with no resupply required from Earth.
These innovative food production methods may also help communities on Earth living in harsh conditions and extreme climates. This could also help tackle food insecurity in the future, which is one of the biggest issues that loom large today. "Solutions identified through this Challenge could support these harsh environments, and also support greater food production in other milder environments, including major urban centres where vertical farming, urban agriculture and other novel food production techniques can play a more significant role," stated the Deep Space Food Challenge's official website.
.@NASA & @csa_asc are launching a Deep Space Food Challenge to develop food production tech in space.
— NASA STI Program (@NASA_STI) January 28, 2021
Hey @GuyFieri, how about Diners, Drive-Ins, Dives & Deep Space? #STIdocs #Flavortown 🚀🥘
Read about it: https://t.co/fnz80uwpJT
See research: https://t.co/18q6RG3L2G pic.twitter.com/lSRTiiAFes
Registrations for the challenge close on 28th May, and submissions are due 30th July, 2021. Winners of Phase 1 of the challenge will be announced in the month of September this year. The prize money for winners of Phase 1 can go up to USD 500,000 (Rs. 3.64 crores approximately). So, if you have an exciting idea to produce food which could help future space missions - you know what to do!
VIDEO: 8 Startups That Are Revolutionizing AgTech
The growing interest in AgTech is reflected in venture capital investments for AgTech startups. According to Pitchbook, $6.7 billion was invested in AgTech startups in the last five years and $1.9 billion in the last year alone. These 8 AgTech startups are paving the way to revolutionize the future of the agriculture industry.
Agriculture is changing rapidly in the modern age. The global population is rising at an alarming rate and consumer preferences are shifting towards organic and sustainably produced goods. To keep up with these demands, the traditional agriculture industry must adopt new technologies to make farms more efficient and automate production.
The growing interest in AgTech is reflected in venture capital investments for AgTech startups. According to Pitchbook, $6.7 billion was invested in AgTech startups in the last five years and $1.9 billion in the last year alone. These 8 AgTech startups are paving the way to revolutionize the future of the agriculture industry.
1. Big Wheelbarrow
Big Wheelbarrow connects wholesale food buyers with local farmers. Big Wheelbarrow makes it faster and easier for buyers to work with small independent growers, regardless of size. Their technology empowers their customers to offer local products to their clients without the time and effort it used to require.
2. Vestaron
Vestaron Corporation develops and produces insecticides by employing peptides sourced from spiders in the United States. Its products are used in agricultural, animal health, and specialty non-crop applications, as well as in-household insects and commercial pest control applications.
3. Cainthus
Cainthus is developing the world’s most advanced technology for dairy farms today; technology that’s transformational for animals, farmers, and the production of food. Using computer vision and artificial intelligence to identify health, reproduction, and environmental changes early on, Cainthus translates visual information into actionable data.
4. Rex Animal Health
Rex Animal Health is on a mission to help livestock producers and farmers feed the world by increasing productivity and predicting, preventing, and precisely managing disease in the herd. They have a built up the largest database of clinical, health, performance, and genetic data on these livestock. Also, agribusinesses can use this data in order to understand their supply chain to identify the source of potential food borne illness, find the most efficient producers, set prices in commodities trading, and to understand and assess risk to increase transparency in the food supply chain.
5. Smallhold
Smallhold provides retailers and restaurants with contained-environment vertical farm units that produce large amounts of mushrooms, herbs, and leafy greens with minimal labor. Their current product offering is with on-site mushroom production and can produce up to 120 lbs/week in the space of a bookcase. The mushrooms are certified organic and are competitive with conventional ways of growing.
6. Babylon Micro-farms
Babylon Micro-farms provides an on-demand indoor farming service to make sustainable indoor farming more accessible than ever before. Their farms grow fresh produce 2x faster using 90% less water than conventional agriculture, without the use of pesticides or harmful chemicals. Their business model drastically reduces the upfront costs and expertise associated with indoor agriculture, powered by a patented IoT platform that remotely operates the ecosystem of farms.
7. Kiverdi
Kiverdi technology uses all-natural microbes to transform CO2 and other gases into high-valued nutrients, oils, and bio-based products. Kiverdi’s proprietary platform, which extends early NASA research, converts carbon dioxide from diverse industrial and agricultural sources into new materials using proprietary gas fermenting microbes.
8. Cambridge Crops
Cambridge Crops develops natural and edible coatings to extend the shelf life of a wide variety of perishable foods. Their coatings regulate the exchange of gases and slow down bacterial growth. These unique attributes allow for drastic improvements in shelf life for everything from avocados and spinach to meat and seafood. Cambridge Crops’ technology is easily integrated into existing packing and processing lines, minimizing the need for supply chain changes or expensive on-boarding. By increasing the window of peak freshness, Cambridge Crops allows food producers, food processors, and retailers to extend shelf lives, reach new markets, and reduce waste.
Food Security Puts CubicFarms In Spotlight To Localize Food Production
CubicFarms is a leading platform provider of automated controlled-environment growing systems that produce commercial-scale quantities of fresh produce and nutritious livestock feed
cubicfarms 2018 May 1, 2020
Top Ag-Tech Investor Ospraie Invests C$5 Million In
A Private Placement
Vancouver, BC – (AccessWire – May 1, 2020) – CubicFarm® Systems Corp. (TSXV:CUB) (“CubicFarms” or the “Company”) is pleased to announce the strategic investment of Ospraie Ag Science as the Company executes its vision of providing technology to feed a changing world.
CubicFarms is a leading platform provider of automated controlled-environment growing systems that produce commercial-scale quantities of fresh produce and nutritious livestock feed. The systems work continuously all year, providing consistent and predictable produce and feed without the typical investment in labour, land, water, and fertilizer. Its reduced growing footprint allows growers to set up a CubicFarms system in and around large population centres, and supply their local markets while shortening distribution chains and the amount of time that food spends in transit.
In addition to providing localized production, CubicFarms systems have been shown to be far more efficient than traditional farming methods, which enhances growers’ profitability.
“Over the past month, we’ve seen a sharp increase in inquiries from interested parties worldwide for our technology, to enhance food production and improve food security and self-sufficiency. The Covid-19 pandemic exposed fragility in supply chains, such as labour shortages, disruptions in the packing and transportation sectors, and increasing uncertainty in the domestic and international markets.
CubicFarms’ automated growing systems have emerged as a key solution to overcoming these challenges by allowing growers to localize food production and provide their markets with fresh produce and nutritious livestock feed reliably and consistently,” said CubicFarms CEO Dave Dinesen.
“Two months ago, we announced our largest system sale of 100 fresh produce machines and our ever-increasing sales pipeline underscores the demand for our technology.”
Private placement with strategic investor Ospraie Ag Science
The non-brokered private placement with Ospraie Ag Science (“Ospraie”) involves the issuance of 21,739,130 common shares of CubicFarms at a price of C$0.23 per share for gross proceeds of up to C$5.0 million (the “Offering”). Without giving effect to the issuance of common shares, if any, pursuant to the exercise of pre-emptive rights held by another strategic investor of the Company, Ospraie will hold an 18.7% interest in the Company upon completion of the Offering.
“We are thrilled to welcome Ospraie as a strategic partner as CubicFarms embarks on its exciting next chapter. The investment by Ospraie, one of the top technology investors in the agricultural space, is a testament to the CubicFarms vision, team and technology,” said Jeff Booth, CubicFarms Chairman.
“Ospraie’s deep industry and commercial expertise, in addition to its extensive network, are expected to add significant value to CubicFarms and unlock new potential synergies with other companies in the Ospraie portfolio,” Mr. Booth added.
Dwight Anderson, Chief Investment Officer at Ospraie Ag Science, commented, “CubicFarms’ fresh produce systems are on the leading edge of commercial-scale controlled-environment-agriculture technology and we are excited to support Dave and the entire CubicFarms team as they continue to execute their vision of providing innovative solutions for both the food and feed markets.
“The agricultural value chain is rapidly evolving and technology infrastructure to overcome the pains of traditional farming is sorely needed. CubicFarms is one part of the multivariable solution required to address this need for safe, reliable, environmentally-friendly and affordable food. We look forward to working with the Company and its existing partners to realize CubicFarms’ tremendous potential.”
The net proceeds from the Offering are expected to be used for research and development to expand machine capabilities and crop varieties, and working capital.
The Offering is scheduled to close on or about May 15, 2020 and is subject to certain conditions, including, but not limited to, the execution of definitive documentation and receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the closing date of the Offering.
Photo: A grower using CubicFarms’ proprietary app to control frequency and volume of irrigation and nutrients, and monitor the machine’s speed to optimize yield and quality of each crop.
Photo: The fully automated feed machine, shown in a three-section configuration, performs all functions including seeding, watering, lighting, harvesting, and re-seeding, all with the push of a button.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About CubicFarm® Systems Corp.
CubicFarm Systems Corp. (“CubicFarms”) is a technology company that is developing and deploying technology to feed a changing world. Its proprietary technologies enable growers around the world to produce high-quality, predictable crop yields. CubicFarms has two distinct technologies that address two distinct markets. The first technology is its patented CubicFarm™ System, which contains patented technology for growing leafy greens and other crops. Using its unique, undulating-path growing system, the Company addresses the main challenges within the indoor farming industry by significantly reducing the need for physical labor and energy, and maximizing yield per cubic foot. CubicFarms leverages its patented technology by operating its own R&D facility in Pitt Meadows, British Columbia, selling the System to growers, licensing its technology and providing vertical farming expertise to its customers.
The second technology is CubicFarms’ HydroGreen System for growing nutritious livestock feed. This system utilizes a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labor, and water. The HydroGreen System is fully automated and performs all growing functions including seeding, watering, lighting, harvesting, and re-seeding – all with the push of a button – to deliver nutritious livestock feed without the typical investment in fertilizer, chemicals, fuel, field equipment, and transportation. The HydroGreen System not only provides superior nutritious feed to benefit the animal but also enables significant environmental benefits to the farm.
About Ospraie Ag Science
Ospraie Ag Science LLC (“Ospraie”) an investment vehicle that supports productivity-enhancing companies in the agriculture technology space with a focus on sustainable solutions that improve the quality of life for farmers and society. Utilizing its extensive network and 25 years of experience investing in agriculture markets, Ospraie identifies solutions that help farmers “Do More With Less” and that increase profitability, reduce environmental impact and improve their quality-adjusted yield.
Information contact
Kimberly Lim
kimberly@cubicfarms.com
Phone: +1-236-858-6491
www.cubicfarms.com
Cautionary statement on forward-looking information
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including, without limitation, statements with respect to the closing of the Offering and the use of proceeds thereof. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of CubicFarm Systems Corp., or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information including the Company obtaining the approval of the Offering from the TSX Venture Exchange. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict”, and other similar terminology, or state that certain actions, events, or results “may”, “could”, “would”, “might”, or “will” be taken, occur, or be achieved.
These statements reflect the Company’s current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company’s expectations regarding future events, performance, or results change.
AEssenseGrows Adds Business Management To Cruise Control Aeroponics
The Guardian Cloud Intelligence central management system brings cloud-based data analysis and visualization of complete grow operations to AEssenseGrows’ advanced software platform for automated aeroponic plant growth
Guardian Cloud Intelligence Visualizes Complete Grow Operations with Cloud-Based Analysis, Accelerating Business Decisions
SUNNYVALE, Calif., Nov. 13, 2019 -- AEssenseGrows, an AgTech company specializing in precision automated aeroponic platforms for consistent high-yield plant production, today introduced a new set of business management features that deliver dramatically greater insight to cultivators. The Guardian Cloud Intelligence central management system brings cloud-based data analysis and visualization of complete grow operations to AEssenseGrows’ advanced software platform for automated aeroponic plant growth.
Adding to “cruise control” grow recipes, the new features help cultivators analyze the costs and revenue of various strain performance—easing the comparison of historic, current grows, and future planning—to determine the most profitable paths in the context of the latest market pricing.
“We’re really excited about the ability to run reports on our grows and cross those with our harvest yields and pricing expectations to determine the big-picture issues we can optimize over time,” said master grower Matthew Willinger, whose operation in Oakland, Calif., uses the AEssenseGrows AEtrium system. “And being able to evaluate the operational cost of a grow-- water, nutrients, labor, electricity--combined with selling prices is a great tool for analyzing the profitability of different grow rooms and strains.”
The AEssenseGrows award-winning AEtrium system delivers sensor-driven cruise-control automation to simplify aeroponics and amplify its inherent benefits. The Guardian Grow Manager central management software executes the exact grow recipe and environmental conditions set by the master cultivator. Once created, dozens of sensors in every machine report on performance and direct adjustments 24/7 and 365 days per year without hesitation, rest, or fatigue. Key variables are automatically tuned such as lighting, nutrients, HVAC, and environmental control to maintain the optimal conditions as defined in the master cultivator’s grow recipe.
Guardian Cloud Intelligence now extends the master cultivator’s knowledge with limitless cloud storage and analysis, leading to better decisions at the fingertips of the master cultivator from any convenient location at any time of day.
Key analysis and features in the Guardian Cloud Intelligence system include:
Room-level aggregated reporting for unlimited sized rooms. Sensor data can be displayed and reported per harvest by the minute, hour, day, week, quarter or year.
The availability of unlimited financial data on nutrient usage, water usage, CO2 usage, labor, maintenance, and electrical usage.
The integration of collected data with the Calendar, enabling all employees and managers to share to-do lists and action items. Users can manage labor operations for their entire facility through an easy to use calendar dashboard. Visually analyze sensor patterns over the days of the calendar. Adjust your work assignments on the fly and have those tie directly back to user assignments.
Workflow integration and dynamic form extension connect business processes, like reporting and documentation, directly to the operator’s daily activities so it is seamless and easy to follow. Every employee starts their shift with a complete list of their required activities for the day, and this is dynamically updated with changes as required. Completion of the events are all stored and integrated in the analysis in the cloud.
Market pricing and financial impact reports based on facility metrics and labor integration, produce profitability forecasts based on real-time and projected data.
AEssenseGrows Receives CE Marking For Its Automated Aeroponics Systems
The CE Marking covers both the AEssenseGrows AEtrium-2.1 and AEtrium-4 grow platforms. Last year, the company received similar certification from Underwriters Laboratories (UL), the largest not-for-profit testing laboratory in the world
The Markings Confirm That the Company’s AEtrium Grow Systems Meet
the Health, Safety and Environmental Standards Required in Europe
SUNNYVALE, Calif., Nov. 13, 2019 -- AEssenseGrows, an AgTech company specializing in precision automated aeroponic platforms for consistent high-yield plant production, announced today that its AEtrium grow systems have received Europe’s CE Marking, ensuring they meet the health, safety and environmental protection standards for products sold within the European Economic Area.
The CE Marking covers both the AEssenseGrows AEtrium-2.1 and AEtrium-4 grow platforms. Last year, the company received similar certification from Underwriters Laboratories (UL), the largest not-for-profit testing laboratory in the world. And the company’s compact high-intensity AErix LED bloom light last year received an Electrical Testing Laboratories (ETL) safety listing, exceeding or surpassing all standards for safety published by UL and other standards bodies.
The AEssenseGrows award-winning AEtrium system delivers sensor-driven cruise-control automation to simplify aeroponics and amplify its inherent benefits.
“The only thing more important to AEssenseGrows than its customers’ success is its customers’ safety,” said Phil Gibson, the company’s vice president of Marketing. “Our team has worked hard to ensure our equipment meets and exceeds all relevant regulatory standards so our customers can focus on winning in the marketplace without having to worry about safety issues”
Also today, AEssenseGrows introduced a new set of business management features that deliver dramatically greater insight to cultivators. The new Guardian Cloud Intelligence central management system brings cloud-based data analysis and visualization of complete grow operations to AEssenseGrows’ advanced software platform for automated aeroponic plant growth.
The AEtrium system hardware and software will be on display at the AEssenseGrows booth, C5308, at the MJBizCon show in Las Vegas Dec. 11-13.
More information on the products is available at www.aessensegrows.com.
About AEssenseGrows
AEssenseGrows (pronounced "essence grows"), founded in 2014, is a precision AgTech company based in Sunnyvale, Calif. A recipient of the Red Herring 2019 Top 100 North America award, AEssenseGrows provides accelerated plant growth SmartFarm platforms and software automation delivering pure, zero pesticides, year-round, enriched growth to fresh produce and medicinal plant producers globally.
With AEssenseGrows, growers can precisely control their production operations at your fingertips from anywhere in the world.
AEssenseGrows Wins Red Herring 2019 Top 100 North America Award
The AgTech Company’s AEtrium System Uses Automation and Precision
to Deliver Superior Aeroponic Quality and Yields
SUNNYVALE, Calif., May 20, 2019 -- AEssenseGrows, an AgTech company specializing in automated precision aeroponic platforms for consistent high-yield plant production, has won Red Herring’s Top 100 North America award, one of the technology industry’s most prestigious prizes. Winners were selected and announced during a Red Herring ceremony last week in Pasadena, Calif.
CEO Robert Chen receiving the award.
Photo provided by AEssenseGrows
"Of course, human hunger strikes the most vulnerable countries and the poorest, and technology would not meet its paramount objective if it was not addressing this issue as well,” said Red Herring Chairman Alex Vieux. Vieux said CEO Robert Chen and AEssenseGrows “have demonstrated that tomorrow, one could put an end to this drama which every year kills millions. Increasing the food supply and multiplying agricultural output, offsetting weather uncertainties--all this combined in one concept deserves utmost attention.
“As a result,” Vieux said, “AEssenseGrows has received the Red Herring Top 100 2019 Award and will continue to expand across the globe."
“We at AEssenseGrows appreciate that Red Herring’s judges see the same value in our products that we see—a unique combination of technology and agricultural sciences that can help feed the world,” said Chen. “We’re extremely proud to stand alongside so many other innovators and game-changers in accepting this award.”
The AEssenseGrows AEtrium system delivers sensor-driven automation to simplify aeroponics and amplify its inherent benefits. The company's Guardian Grow Manager central management software monitors grow conditions 24/7 and, if needed, automatically adjusts key variables such as lighting and nutrients to maintain optimal conditions.
The Top 100 companies were chosen from thousands of entrants, Red Herring said, and the companies were judged by industry experts, insiders and journalists on a wide variety of criteria including financial performance, innovation, business strategy, and market penetration. The complete list of winners can be found on the Red Herring website.
In addition to produce, the AEssenseGrows aeroponics system is increasingly being used to grow cannabis and hemp. Last year, Ackrell Capital selected AEssenseGrows as one of the firm's Top 100 Private Cannabis Companies for 2018.
About AEssenseGrows
AEssenseGrows (pronounced "essence grows"), founded in 2014, is a precision AgTech company based in Sunnyvale, CA. AEssenseGrows provides accelerated plant growth SmartFarm platforms and software automation delivering pure, zero pesticide, year-round, enriched growth to fresh produce and medicinal plant producers globally.
With AEssenseGrows, you can precisely control your production operations at your fingertips from anywhere in the world.