Reports confirm that vertical farming company Plenty has filed for bankruptcy while securing debtor‐in-possession financing, underscoring its restructuring efforts amid financial challenges.
The San Francisco-based company has secured US$20.7 million in debtor-in-possession financing to support its operations.
Plenty, a vertical farming company, filed for bankruptcy and secured $20.7M in debtor-in-possession financing for restructuring. It will continue running its Virginia strawberry farm and plant science operations.
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