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This company has plans to open two additional indoor farms in Kentucky and has already announced partnerships with the Dutch government and multiple universities to make Appalachia a hub for the agtech industry. We believe controlled environment agriculture is the third wave of sustainable infrastructure. I think we have seen some other players in the space that are starting. We want to make sure you get the most out of our platform. AppHarvest reaffirms guidance on full-year 2021 net revenue of $21 million and Adjusted EBITDA of ($41) million provided during its Analyst Day presentation on December 15, 2020. In light of the challenges AppHarvest has faced in its early stages, Webb expressed hope that younger generations like Gen Z and millennials would continue to innovate and "fight through" any obstacles in their way. Webb doesnt mince words on the specifics; the most valued companies in 100 years, he said, will be the ones that allow humanity to survive. He names a few: electronic vehicle manufacturers, renewable energy companies. We want to be at Wendy's, we want to be at Walmart. The greenhouse, completed in 2020, yields up to 30 times the crops a traditional farm would, Webb said. But the production we've left in the US is being grown in areas that are running out of water. I'm sitting in the heart of coal country right now. The business combination values AppHarvest at a $1.0 billion pro forma equity value, at the $10.00 per share PIPE price and assuming minimal redemptions by Novus Capital shareholders. We need to all collectively have a much more longer-term viewpoint on how we're building companies that are going to be good for communities, good for employees, and return a good return to our investors and shareholders. All Rights Reserved. I feel like with AppHarvest, at least, my takeaway, I found a lot of things that make you all special. If you look at the largest grocers in the U.S., we're selling to Kroger, Walmart, Publix, and we're selling to Wendy's. He studied history and economics at the University of Cape Town, and obtained a Bachelor of Laws and post-graduate diploma in maritime law from the University of Natal. Webb founded it in 2017 in his native Kentucky; it became a certified B Corp two years later. He is a senior partner in the shipping litigation practice group, focusing on hull insurance claims, charter party disputes, and dry shipping issues. Again, for us, it's about keeping our head down, growing good fruit and vegetables. [laughs] This is something I'm very passionate about. Jonathan Webb grew up in Kentucky and has been committed to developing He has also held roles in movies and television series. I love that passion. Director recently sold US$216k worth of stock Nov 24 AppHarvest, Inc.