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Vertical farming company Plenty files for bankruptcy after raising nearly $1B
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a
In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science research and development (R&D) center in Wyoming. In November 2024, agtech unicorn Bowery Farming was reported to be shutting down after raising more than $700 million in funding and last being valued at $2 billion in 2021.
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