What's Happening?
80 Acres Farms, a Hamilton-based vertical farming company, has announced a strategic merger with Soli Organic, a leader in indoor organic agriculture. This merger positions 80 Acres Farms to become one of the most advanced indoor farming networks globally. The newly formed company will operate under the 80 Acres Farms name and is projected to achieve revenues nearing $200 million in its first year. The merger will result in approximately 1,400 employees, with most remaining at Soli facilities. The merger combines 80 Acres Farms' Infinite Acres technology with Soli Organic's proprietary organic growing system, creating a reliable and efficient platform for indoor agriculture. The merger aims to expand the company's reach, improve supply chain efficiency, and diversify its product portfolio.
AD
Why It's Important?
The merger between 80 Acres Farms and Soli Organic is significant for the indoor agriculture industry, as it combines two leading operators to enhance scale, economics, and operational expertise. This development is expected to provide retailers with differentiated products and a reliable supply chain, addressing recent trade volatility. The merger supports the growing demand for fresh, local, and pesticide-free produce, contributing to sustainable food production. The combined company is poised to lead the next phase of growth in indoor agriculture, offering clean produce and innovative farming solutions.
What's Next?
Following the merger, 80 Acres Farms plans to leverage its expanded capabilities to continue growing its footprint across the globe. The company has already expanded into other states, including Kentucky, Arkansas, Georgia, Texas, and Colorado, and acquired Plantae Biosciences, an Israeli biotechnology company. The unified team will focus on delivering more value across the supply chain and enhancing operational depth and experience. The merger is expected to drive continued growth and innovation in the indoor agriculture sector.
