Indoor Farming Biz AppHarvest Delivered Sales in First Earnings as Public Company

AppHarvest, the tech-forward indoor vertical farming company that went public in February, released its first earnings report showing Q1 net sales of $2.3 million for its tomato harvest. The stock ($APPH) was up on the news, rising to more than $13 a share in morning trading, but still well short of its closing high of $38. Founder and CEO Jonathan Webb spoke to Cheddar about the company's challenges in building a facility and harvesting its product amid a pandemic and pointed to expanding in the future. "Our thesis is that controlled-environment agriculture will be growing most all fruit and vegetable production at scale indoors," Webb said.
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