VIDEO: Indoor Farming Biz AppHarvest Delivered Sales In First Earnings As Public Company

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May 17, 2021

AppHarvest, the tech-forward indoor vertical farming company that went public in February, released its first earnings report showing Q1 net sales of $2.3 million for its tomato harvest. The stock ($APPH) was up on the news, rising to more than $13 a share in morning trading, but still well short of its closing high of $38.

Founder and CEO Jonathan Webb spoke to Cheddar about the company's challenges in building a facility and harvesting its product amid a pandemic and pointed to expanding in the future. "Our thesis is that controlled-environment agriculture will be growing almost all fruit and vegetable production at scale indoors," Webb said.

Corona-Proof Dining: At This Restaurant You'll Soon Eat In a Private Greenhouse

The one and a half meter regulation has many hospitality entrepreneurs scared of opening their doors again May 20th. Art and culture institution Mediamatic is going to test safe 'quarantine greenhouses' in which guests can dine.

Willem Velthoven, founder and director of Mediamatic, is annoyed by colleagues in the industry who are calling it impossible to be good hosts at 1.5 meters distance. "It may be difficult for large hospitality entrepreneurs with businesses that revolve around peak rushes and mass-turnover. But there is a whole other part of the hospitality industry which is about attention, taking the time and care. These businesses are far less threatened. We are an example of that.”

Photo Credit: Willem Velthoven for Mediamatic Amsterdam

By Horti Daily | May 5, 2020