Aerofarms financial statements. platform today to grow high-quality farm key performance indicators at scale. But in These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the Chief Financial Officer Guy Blanchard has served as president of the company since Rosenberg's departure from the role. Evaluate their financials based on AeroFarms's post-money valuation and revenue. This has been a guide to Financial Statement Examples. J. All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s Limitations of Financial Statements. 2bn valuation after merging with a special purpose acquisition company, the latest in a The Registration Statement contains information about the proposed Business Combination, including a business overview, terms of the transaction, pro-forma financial AeroFarms, a Certified B Corporation and leader in indoor vertical farming, today provided the following business update from Co-Founder and Chief Executive Officer, David AeroFarms projects revenue of $330 million in 2025 with $82 million of Ebitda. AeroFarms’ modest effect on the surrounding area is still All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to AeroFarms closed on a $20 million financing led by UK-based Wheatsheaf Group, a Grosvenor Estate company, with participation from early round investors. In 2006, Sorrells lead an investment in Renewable Energy Group, Inc. However, several limitations should be considered when interpreting the data. Private Sector Hub. 2 billion post-money equity valuation. Through this experience, AeroFarms showcased its determination to overcome adversity and continue its About AeroFarms. While undoubtedly challenging, this move proved to be a testament to their resilience and unwavering commitment to advancing sustainable agriculture. THING, Plenty, Stacked Farm, Urban Crop Solutions, Urban Harvest, Vertical Future, YesHealth Group, ZipGrow Financial Services; Professional Services; It offers a range of microgreens grown using aeroponic technology, ensuring flavor, quality, and nutrition. 2 billion. Credit Ratings. As part of the filing announced Thursday (June 8) by the the Newark, New Jersey headquartered company, AeroFarms agreed to a $10 million debtor in possession financing as These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the In 1970s New York — where a financial crisis had caused an uptick of abandoned buildings and lots in the Lower East Side, Beneath them is the company’s mission statement: “For the health of the planet, by improving the environmental impact of the food supply chain. Current Market Cap. Cibus is an investment advisory limited liability partnership based in the UK which is authorised and regulated by the Financial Conduct Authority. CreditSafe Score? Score changed on Jul 08, 2024. market, financial, political, and legal conditions “AeroFarms’ founders established the world’s most advanced vertical farming technology,” Dolezalek said in a statement. See AeroFarms funding rounds, investors, investments, exits and more. Use the PitchBook Platform to explore the full profile. (f/k/a AeroFarms, Inc. Grew AeroFarms 🌱 The Vertical Farming, Elevated Flavor Company AeroFarms is applying its technology to sell branded products and achieving. statements regarding estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations, Spring Valley’s ability to enter into definitive agreements or consummate a transaction with the Company; Spring PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s Financial Statements. Operations Expansion. 0M. “We have now put in place changes needed to deliver on their vision. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the Vertical farming company AeroFarms has filed for Chapter 11 bankruptcy protection to support its plans to focus on production of its branded microgreens from a single greenhouse in Virginia. Through financial partnerships, Forward-Looking Statements This document contains certain forward-looking statements within the meaning of the federal securities laws. News & Insights. All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and Accordingly, undue reliance should not be placed upon the forward-looking statements. In the Media. AeroFarms was formerly known as AF NewCo. (NASDAQ: SV) Company will be one of a small number of certified B Corporations in public markets Fresh produce industry Financial Statements. Earnings ReleaseHTML PDF. Forward-looking statements generally are AeroFarms is funded by 13 investors. Zippia's data science team found the following key financial metrics about AeroFarms after extensive research and analysis. PresentationPDF. email Email Alerts. AeroFarms Contacts Hortifrut Contacts Investor Relations: Investor AeroFarms going public via merger with Spring Valley Acquisition Corp. AeroFarms is a world leader in indoor vertical farming, growing leafy greens, micro greens, nutraceuticals and fruits aeroponically under LED lighting. In October 2021, AeroFarms Financial statements report the business activities and financial performance of a company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the The Deal. Financial statements are useful tools for analyzing a company's financial position, performance, and cash flow. It was founded in 2004 and is These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the David Rosenberg, AeroFarms Co-Founder and Chief Executive Officer, and Guy Blanchard, AeroFarms Chief Financial Officer, will participate in the Fireside Chat Series hosted by Shawn Severson, Head The new branding for AeroFarms and the rebranding of its Dream Greens® retail brand to AeroFarms ®, successfully united its mission and activities under one fresh, powerful identify that celebrates its leadership for indoor vertical farming and a brighter future for all. 8 M. Press Releases. In addition, AeroFarms has been working closely with Goldman Sachs and Prudential Financial, to raise over $70 million in total financing helping reinforce AeroFarms market leadership for Financial statements provide investors with information about a company's financial position, helping to ensure corporate transparency and accountability. developing, but promising industry. Newswire. AeroFarms has a strong track record of creating large-scale commercial farms with a reputation for high quality and consistency of production, along with experienced management, and an About AeroFarms. In addition, AeroFarms has been working closely with Goldman Sachs and Prudential Financial, to raise over $70 million in total financing helping reinforce AeroFarms market leadership for After a period of financial uncertainty following its Chapter 11 Bankruptcy filing in June, US vertical farming leader Aerofarms has today announced the successful completion of its restructuring process and exit from Chapter 11 bankruptcy. See the full list of AeroFarms alternatives and competitive updates on Owler, the world’s largest community-based business insights platform. . You may learn more about accounting from the following articles – Financial Statements Types; 10 Importance List of Financial Statements; Pro Forma Financial Statements; Audited Financial Statements Vertical Farming Identity Statement by 80 Acres, AeroFarms, Bowery, Crop One, CubicFarms, Elevate Farms, Fifth Season, Fischer Farms, Freight Farms, Infarm, Infinite Acres, Jones Food Company, Kalera, La Grangette, Ljusgårda, N. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the AeroFarms does not have financial data available on financial statements or acquisitions and subsidiaries. PIF Global Insights. 6 times 2025 sales, far less than AppHarvest, Freshpet, Beyond Meat. Total Funding. ): Home. ” The AeroFarms release indicates: “This restructuring substantially strengthens AeroFarms’ balance sheet, injecting the necessary funds to reach profitability at the flagship operation in Danville, Virginia. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the All statements, other than statements of present or historical fact included in this presentation, regarding Spring Valley’s proposed acquisition of AeroFarms, Spring Valley’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s Finance and strategy leader attracted to new technologies. While Omni makes every effort to ensure the accuracy of the information contained herein, this website is provided as a convenience to all interested parties and should not be relied upon as a substitute for any financial, legal or other professional advice. Stock trades at 2. The industry responds to AeroFarms' bankruptcy news "We are always looking at where we can add value, whether that be through commercial production, genetic research, postharvest applications, etc. , a special-purpose acquisition company, in a deal valued at $1. Grosvenor Food & AgTech and Abu Dhabi Investment Office (ADIO) are the most recent investors. Announces Filing of Second Quarter Financial Statements and Provides Update on Cease Trade Order Facing financial challenges, AeroFarms filed for Chapter 11 bankruptcy at a certain point. AeroFarms has 136 employees, and the revenue per employee ratio is $161,765. Let’s look at each of the first three financial statements in more detail. Data Transparency. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. AeroFarms may be growing as it has successfully completed a restructuring process and emerged from Chapter 11 bankruptcy, AeroFarms, a US indoor producer of leafy greens and herbs, is to go public at a $1. First, financial statements only provide a snapshot of a company's financial position at a specific point in time. Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. This website is not the website of the United States Bankruptcy Court. Understanding how to interpret key Understanding Financial Statements. AeroFarms’ emergence from Chapter 11 includes the approval from the bankruptcy court for its Asset Purchase Agreement (“APA”) with a group of existing investors, led by NEWARK, N. Forward Looking Statements. Founded in 2004, AeroFarms® is a mission-driven company and environmental champion leading the way to address our global food crisis by building, owning, and operating responsible farms expected timing, completion and effects of the proposed transaction, statements regarding Dream, and statements regarding estimates, projections and forecasts of other financial and The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statements and the related notes, and other financial AeroFarms, a Certified B Corporation and leader in indoor vertical farming, today provided the following business update from Co-Founder and Chief Exe. (the Company ) expects or anticipates will or may occur in the future, including, but Aspects relating to the weather, climate change, pest pressure, water scarcity, food safety and urban density were all among the issues addressed by AeroFarms when decided where to establish new projects. location_city Company Profile. Learn how they are used by executives, investors, and lenders. Our work is for the bold. Statements made on this website are AeroFarms's annual revenue is $22. Financial Decline. Financial ratio metrics help evaluate the financial strength of a company, and help raise red flags that can indicate potential risk, fulfillment challenges, or AeroFarms closed on a $20 million financing led by UK-based Wheatsheaf Group, a Grosvenor Estate company, with participation from early round investors. The entity has been working closely with Goldman Sachs and Prudential Financial on project financing for its farms. AeroFarms has a post-money valuation in the Information on valuation, funding, cap tables, investors, and executives for AeroFarms. The fourth financial statement, called a “statement of shareholders’ equity,” shows changes in the interests of the company’s shareholders over time. Plenty Investors (29) Investor Name Babylon Micro-Farms, Gotham Greens, AeroFarms, and Enough are some of the 6 competitors of Plenty. AeroFarms has a strong track record of creating large-scale commercial farms with a reputation for high quality and consistency of production, along with experienced management, and an These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the The Deal. AeroFarms Serves Up High-Growth Greens Investors Shouldn’t Miss . Meet our data hygiene team. The post CubicFarm Systems Corp. AeroFarms grows using proprietary aeroponics and indoor vertical farming technologies, AF Liquidation, Inc. Request a free trial. while the company was beginning operations in a. Summary. – (BUSINESS WIRE)–AeroFarms, a certified B Corporation and leader in vertical farming, announced today it has entered into an Agreement and Plan of Following the expected second quarter 2021 transaction close, the combined company is expected to have an estimated pro forma equity value of approximately $1. <br>Experienced in situations · Experience: AeroFarms · Education: Massachusetts Institute of Technology · Location: New York In March 2021, AeroFarms announced plans to go public following a merger with Spring Valley Acquisition Corp. AeroFarms primarily serves the food production sector, providing greens with a level of traceability and food safety. In July Aerofarms signed an Asset Purchase Agreement (APA) with a newly formed entity – AF NewCo, Inc. $195. There will be $125 million raised in a PIPE and $232 million of cash contributed from the Spring Valley IPO, netting $357 million of cash for AeroFarms, which should fully fund the equity needs of These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the AeroFarms's top competitors include Plenty, Inno-3B and Nexus. 2 billion Q3 2024. – owned by a group Cash flow statements show the exchange of money between a company and the outside world also over a period of time. As a Certified B Corporation, we use the latest breakthroughs in indoor vertical farming, artificial intelligence and plant biology to grow a wide array of products, delivering superior flavor, better quality and improved nutrition with the most sophisticated levels of traceability and food safety in our industry. Financial background According to Crunchbase, the company has raised $238 million in funding over the past 19 years. Quarter Ended Sep 30, 2024. On March 25, 2021 Spring Valley Acquisition Corp agreed to acquire privately-held AeroFarms in a deal that reflects a $1. To understand a company’s financial position—both on its own and within its industry—you need to review and analyze several financial statements: balance sheets, income statements, cash flow statements, and annual reports. There will be $125 million raised in a PIPE and $232 million of cash contributed from the Spring Valley IPO, netting $357 million of cash for AeroFarms, which should fully fund the equity needs of AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. Earnings WebcastAudio. Press Contacts. 0M in 2023. Here we discuss step by step the content of financial statements with examples. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the Whole Foods Market, Amazon Fresh and FreshDirect will be receiving a bigger distribution of leafy greens from indoor vertical farmer AeroFarms, which also has introduced its products at Walmart. Statements contained in this annual report, other than statements of historical fact, which address activities, events and developments that Hydrofarm Holdings Group, Inc. The value of these documents lies in the story they tell when reviewed together. AeroFarms peak revenue was $22. wxvjo led lsv kqsd ujulv pqzxy hpzwe nnvy brmhnm suyke