Latest News From Kentucky

As the dust settles in recent Chapter 11 bankruptcy proceedings, a new controlled environment agriculture company from the Netherlands is poised to secure AppHarvest’s 30-acre farm facility in Somerset, Ky.

The Kentucky-based greenhouse grower is facing threats of another foreclosure, this time at the largest in its four-farm network in Morehead, Ky.

A recent public filing could cause the indoor grower to default on its Richmond farm facility and trigger a domino effect, leading to additional farm foreclosures.

Vertical farming brand Square Roots is opening its fourth farm on June 6.

AppHarvest has surpassed its first quarter target with net sales of $13 million and has shipped commercially for first time from a full four-farm network.

Kentucky is the 27th state to put a wall up against the legislation. EPA countered Kentucky’s move, asking the court to make clear that the latest rule does not apply nationwide.

A portion of proceeds from the sale-leaseback will repay a $30 million bridge loan from Mastronardi Produce to AppHarvest, along with the first two years of prepaid rent at the Berea farm, according to a news release.

Recent investor reports and leadership changes have prompted concerns about the rapidly growing vertical farm operator, but the company says it's ramping up to deliver revenue.

Morehead, Ky.-based AppHarvest Inc. started building two new high-tech indoor farms: A berry farm in Somerset, Ky., and a leafy greens farm Morehead, Ky.

It happened after Morehead, Ky-based AppHarvest and Novus Capital Corp. completed its business combination and related charter amendments.

Morehead, Ky.-based AppHarvest is going public.

AppHarvest, Morehead, Ky., has added food icon Martha Stewart, Impossible Foods chief financial officer David Lee and author-investor J.D. Vance to its board of directors.

“The goal of the expansion and unification was to simplify Castellini’s entire supply chain for the benefit of its cus-tomers and the company’s future,” said Thomas Federl, communications director.

Taylor Fresh Foods has purchased the assets of Club Chef, a Covington, Ky., fresh-cut processor owned by the Castellini Co.

Kingsville, Ontario-based Mastronardi Produce and Morehead, Ky.-based AppHarvest are partnering to build a sustainable, high-tech 60-acre greenhouse in Morehead.