Vertical Agriculture Company, plenty of files for bankruptcy after growing about 1B

Vertical Agricultural Company Too have are presented for bankruptcyThe company made a press release on Monday.

In his statement, Too As part of the proposed reconstruction plan, it has received a commitment to $ 20.7 million in the debtor-in-law. Plans to continue working in the center of Virginia and Viroming, the Center for Science Research and Development (R & D) (R & D).

Debtor-financing is funded for firms in 11 chapters.

Since 2014, Southern San Francisco based, SoftBank investor, including Jeff Bezos, including Investment Advisors, Walmart, Bezos Expeditions and Jeff Bezos, Walmart, Bezos Expeditions and Jeff Bezos.

Was the recent recognized assessment $ 1.9 billion in time A series of $ 400 million In January 2022, according to Pitchbook.

In recent years, industrial has difficulty. November 2024 reported that Agtech Unicorn Bowery was farming revoke After increasing more than $ 700 million in 2021 and after estimated $ 2 billion in $ 2 billion in 2021. In 2023, aerofarms and Appharvest were presented for bankruptcy protection. Aerofarms had more than $ 300 million from the support before giving bankruptcy. In September 2023, this Out of bankruptcy fully funded.

Appharvest In 2021, he raised more than $ 700 million before being made public in a billion dollar assessment; In 2023, he applied for protection against chapter 11.