3/21/2024 0 Comments Harvest app fundingWith a focus on making investments in the controlled environmental agriculture sector, Equilibrium Capital is providing 65.5% loan-to-value financing through a $91m construction loan to support the build out of AppHarvest's second facility in Richmond, Kentucky, which is currently under construction. The financing we’re announcing today demonstrates the expected viability of high loan-to-value, non-dilutive capital financing as we remain on track to develop up to 12 high-tech farms by the end 2025,” said AppHarvest president David Lee. “AppHarvest is laser-focused on scaling its mission. Emulsifiers, stabilizers, hydrocolloidsĪppHarvest's current 2.76 million-square-foot facility in Morehead, Kentucky, has been up and running growing and supply tomatoes to top US grocers and restaurants in the central Appalachia region.Įarlier this year, the company raised $475m and went public through a SPAC (special purpose acquisition company) merger with Novus Capital and is currently trading on the NASDAQ under the ticker symbol APPH (debuting at $35.69 per share and is now trading at around $12.34 per share as July 27, 2021).
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