APPH - Mergers and acquisitions

Acquisition of Root AI and its signature robot, Virgo, bolsters company’s intelligent tools to produce foods sustainablyRoot AI CEO Joins AppHarvest as Chief Technology Officer MOREHEAD, Ky., April 08, 2021 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a leading AgTech company and Certified B Corp focused on farming more sustainably using 90 percent less water than open-field agriculture and only recycled rainwater, announced today that it has acquired Root AI, an artificial intelligence farming startup that creates intelligent robots to help manage high-tech indoor farms. The acquisition of Root AI and its robotic universal harvester, Virgo, is expected to provide AppHarve

MOREHEAD, Ky., March 01, 2021 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a leading AgTech company and Certified B Corp building and operating some of the country’s largest high-tech indoor farms to sustainably grow affordable, nutritious, chemical pesticide-free non-GMO fruits and vegetables at scale using up to 90% less water than traditional open-field agriculture and 100% recycled rainwater, announced today that it has purchased the Morehead, Ky. controlled environment agriculture (CEA) facility and the property on which it is located from Equilibrium, a leading sustainability investment firm, for $125 million. Equilibrium had worked in conjunction with AppHarvest to ac