1. AppHarvest (Nasdaq: APPH)
AppHarvest Inc operates in the agriculture sector. It is an agriculture technology company. The company is engaged in developing and operating controlled environment indoor farms.
The company (NASDAQ:APPH) received $375 million of development capital from Fidelity Management & Research and Inclusive Capital on January 29, 2021 through a private placement. The investment will be used to fund operations, including building additional high-tech controlled environment indoor farms, support growth and for other general corporate purposes.
2. Scotts Miracle-Gro
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
The company was in talks to receive $250 million of senior notes from undisclosed lenders on December 12, 2016. The company intended to use the net proceeds from this offering to reduce borrowings under its senior secured revolving credit facility. Subsequently, the deal was canceled. Previously, Clayton, Dubilier & Rice sold its shares of the company's (NYSE: SMG) common stock on an undisclosed date.
3. CubicFarm Systems
CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed. It offers turnkey, commercial scale, hydroponic, automated controlled-environment growing systems that can grow predictably and sustainably for 12 months of the year virtually anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure and fresh ingredients that are consistent in colour, size, taste, nutrition and allows for a longer shelf life. Further support is provided to customers through the Company's patent-pending germination technology and proprietary auto harvesting and processing methods.
The company (TSX: CUB) received CAD 25.3 million of development capital from undisclosed investors on June 3, 2021 through a private placement. The net proceeds will be used to support the company's continued global growth, research and development efforts to optimize machine yields, automation and functionality, expand addressable crop varieties and for working capital and other general corporate purposes.