BrightFarms Stock

BrightFarms has announced expansion plans that will see the company add four regional greenhouse hubs that will supply leafy greens to more people in the Eastern and Central U.S. Greens from the new locations will begin shipping in 2024. The company says this will allow them to reach two-thirds of the U.S. and set the company up for 10-times increased revenue by the end of the 2025.

BrightFarms, an Irvington, N.Y.-based next-generation indoor farming company supplying U.S. grocery retailers with packaged salad greens, secured more than $100 million in Series E debt and new equity funding

The new 280,000-square-foot greenhouse in Etowah will be the company's sixth such facility, expected to produce up to 2 million pounds of leafy greens per year.