Indoor Farming: "AppHarvest CEO envisions 'couple-decade journey' after going public" (APPH)

Good grief, a quarter of our readers could be dead by that time.

(more if the nukes start flying)

From Yahoo Finance:

AppHarvest (APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA).

"We see this as a couple-decade journey, and really, we're in our first decade," Webb told Yahoo Finance's Julie Hyman at the 2022 SXSW Conference (video above). "For us, being transparent with not only the consumer, but having that transparency of a public company as we build a large global food company, we think the long-term benefits are great."

The Kentucky-based agriculture tech company, which was founded in 2017, began trading on the Nasdaq in late February 2021 after completing a SPAC merger with Novus Capital Corporation. Since then, AppHarvest shares have plunged 70%.

Despite IPOs last year having the worst returns in a decade, Webb said he believed 2021 was an important time for the company to go public and stood by the decision to take the company's mission "directly to the Street" and to receive the "rigor of Wall Street early," which he claimed will only make the company "stronger in the long run."....

....MUCH MORE

 See also:
                              Black Knight:   "It's just a flesh wound!" 

                              King Arthur:       "Look, you stupid bastard, you've got no arms left!"

          Black Knight:    "I am invincible! 

          King Arthur:      "You're a loony!" 

          Black Knight:    "The Black Knights always triumph!"

 Previously:

October 1, 2020
Now the Farmers Are Going Public Via SPACs

Not just any farmers though. This one plans to have the world's largest greenhouse.
And EBITDA by 2025.
When you are forecasting five years out it's probably a good idea to factor in the small but not zero chance of the Chinese Tomato Blight ravaging the world's vines.
(I made up the name for the blight, I have no idea what ails tomato plants)

February 3, 2021
ICYMI: Indoor Farming Company AppHarvest Came Public Via SPAC (APPH)

Please excuse the delay on this post, we don't do much with IPO's and especially don't do much with SPACS, shell companies, blind pools or whatever they are being called now. S-1 filings are worth a look for the amount of information they disclose but that's about as far as our interest extends.

February 1, 2022
Indoor Farmer AppHarvest Plunges After Farm Delays (APPH)

For whatever reason, ZeroHedge chooses to go with "Martha Stewart-Backed" in their headline. I mean, it's true, she's an investor but unless the Tyler Durdens (for they are multiple) hate Martha Stewart I'm not sure why they put her up front.

That last one includes links to Jamie Powell at FT Alphaville and a post on why 2024 will be the best year ever for the 2020 - 2021 vintage SPACs. Plus more on Martha and a cameo by Winston Churchill.