Controlled Environment Agriculture

The company has secured $20.7 million in debtor-in-possession financing to maintain operations throughout its Chapter 11 bankruptcy process.

Following diminishing valuations in 2023 and layoffs, the indoor vertical grower is reportedly closing its doors and laying off its employees, according to a PitchBook report.

In what could be the first move of its kind for a massive retailer, Walmart is investing in an indoor vertical leafy greens grower: Plenty Unlimited Inc., based in South San Francisco.

Bayer is partnering with Israeli artificial intelligence data analytics company Prospera Technologies Inc. in a program the companies say will optimize profitability and sustainability of greenhouse growing.