fruit and vegetable imports rose to a record level in 2021 and has been projected to keep increasing. “We are now at an inflection point in our business transitioning from construction to an intense focus on operations with our new Chief Operating Officer (COO) Tony Martin, leveraging his deep experience in the sector to help accelerate our path to profitability through the consistent delivery of high-quality produce.”Īccording to USDA reports, the value of U.S. “Even with headwinds from the pandemic and supply chain disruption, AppHarvest met its commitment in 2022 to open three new farms and is now shipping commercially from each of the four farms,” said AppHarvest Founder & CEO Jonathan Webb. With significant infrastructure now in place to deliver fresh fruits and vegetables to top grocery chains and restaurants, the company expects to nearly triple its net sales year-over-year in 2023. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced its fourth quarter and full-year 2022 operating and financial results, achieving its previous revised guidance, quadrupling the AppHarvest farm network in 2022 and diversifying its crop portfolio. MOREHEAD, Ky., Ma(GLOBE NEWSWIRE) - AppHarvest, Inc. Setting the stage for expected year-over-year sales increases throughout 2023Ĭompany increased net sales by 60% year-over-year Punnets of strawberries from AppHarvest Somerset, a 30-acre high-tech indoor farm in Somerset, Ky., growing strawberries under multiple brands including the “WOW® Berries” brand for Mastronardi Produce.Ĭompany successfully quadrupled to a four-farm network in 2022,
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