AppHarvest

AppHarvest, Inc.
Type	Public
Traded as	OTC Pink Limited: APPHQ; Nasdaq: APPH (2020–2023);
Industry	Farming, vertical farming, hydroponic farming
Founded	2017
Headquarters	Morehead, Kentucky
Key people	Jonathan Webb, CEO
Website	appharvest.com

AppHarvest, Inc. is an American food production company developing and operating indoor farms in Appalachia. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky.[3][4]

Founded by Jonathan Webb, the company aims to use Kentucky's central geographic location to reduce carbon emissions, delivering produce to Midwest and East Coast markets.[1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically.[5]

The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020.[6] Since that time, the company's stock has lost more than ninety-five percent of its value, prompting increased criticism of the company's management and operations. On July 24, 2023, AppHarvest filed for Chapter 11 bankruptcy.[7]

Locations

Morehead (60 acres)[3]
Berea (15 acres)[8]
Richmond (60 acres)
Somerset (30 acres)

References

Peters, Adele (2019-06-10). "This startup is going to put one of the world's largest sustainable greenhouses in coal country". Fast Company. Retrieved 2022-07-07.
Kang, Liz (October 6, 2021). "Could the biggest greenhouse in the US be the future of farming?". CNN. Retrieved 2022-07-07.
Greenaway, Twilight (2022-04-06). "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky?". Civil Eats. Retrieved 2022-07-07.
Moomey, Liz (2022-02-28). "AppHarvest recorded a $166 million loss in 2021. It's set to open 3 farms this year". Lexington Herald-Leader.
Peters, Adele (2021-01-19). "This state-of-the-art indoor farm is transforming Appalachia into an agricultural powerhouse". Fast Company. Retrieved 2022-07-08.
"AppHarvest to go public via merger with blank-check firm". Reuters. 2020-09-29. Retrieved 2022-07-08.
"AppHarvest files for Chapter 11". Wall Street Journal. July 24, 2023. Retrieved July 24, 2023.
Hempel, Marisa (2022-07-07). "Appharvest locations in Madison County Nearly Complete and Soon Ready to Deliver Fresh Foods". WBONTV. Retrieved 2022-07-08.

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[:0-1] Peters, Adele (2019-06-10). "This startup is going to put one of the world's largest sustainable greenhouses in coal country". Fast Company. Retrieved 2022-07-07.

[2] Kang, Liz (October 6, 2021). "Could the biggest greenhouse in the US be the future of farming?". CNN. Retrieved 2022-07-07.

[:1-3] Greenaway, Twilight (2022-04-06). "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky?". Civil Eats. Retrieved 2022-07-07.

[4] Moomey, Liz (2022-02-28). "AppHarvest recorded a $166 million loss in 2021. It's set to open 3 farms this year". Lexington Herald-Leader.

[5] Peters, Adele (2021-01-19). "This state-of-the-art indoor farm is transforming Appalachia into an agricultural powerhouse". Fast Company. Retrieved 2022-07-08.

[6] "AppHarvest to go public via merger with blank-check firm". Reuters. 2020-09-29. Retrieved 2022-07-08.

[7] "AppHarvest files for Chapter 11". Wall Street Journal. July 24, 2023. Retrieved July 24, 2023.

[8] Hempel, Marisa (2022-07-07). "Appharvest locations in Madison County Nearly Complete and Soon Ready to Deliver Fresh Foods". WBONTV. Retrieved 2022-07-08.