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        Nature's Miracle Holding Inc., a Nasdaq-listed, controlled environment agriculture technology company, has announced a one-for-30 reverse stock split of its common stock, effective November 21, 2024.
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        The company reports that this reverse split aims to increase the company's bid price to meet the Nasdaq Global Market's minimum requirement of USD 1.00 per share for continued listing.
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        Continental Stock Transfer &amp; Trust Company will serve as the exchange agent. Every 30 shares will be combined into one share, and stockholder percentages will remain unchanged except for fractional share adjustments.
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Vertical Farming

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 <p>Nature's Miracle Holding Inc., a company listed on Nasdaq and specialising in controlled environment agriculture technology, has declared a one-for-30 reverse stock split of its common stock, planned to take effect on November 21, 2024.</p>
 <p>The reverse split is intended to raise the company's asking price to adhere to the Nasdaq Global Market's minimum pricing standard of USD 1.00 per share for continued listing on the platform.</p>
 <p>Continental Stock Transfer &amp; Trust Company has been appointed as the exchange agent for this procedure. In this reverse split, every 30 shares will be consolidated into a single share, and apart from the adjustments of fractional shares, the proportions of stock owned by shareholders will remain the same.</p>
 
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Nature's Miracle announces one-for-30 reverse stock split to increase bid price

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 <p>US-based vertical farming company, Anu, a subsidiary of Heliponix, has been awarded a Phase I Small Business Innovation Research (SBIR) grant of USD 175,000 by the US Department of Agriculture's National Institute of Food and Agriculture (NIFA). The company is also qualified to receive a further Phase II SBIR grant of USD 600 thousand.</p>
 <p>Anu plans to utilise these funds to advance and launch Anu's Pure Produce Containers. Their main focal points are improving their modular system and broadening their product range to include fruiting plants, which have not yet reached the point of profitability within other modular, hydroponic containers.</p>
 
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Anu receives USDA grant to commercialize hydroponic containers

ANALYST_QUICK_TAKE

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 <p>Agrify Corporation, involved in creating unique growth solutions for the indoor farming industry, has procured USD 20 million through convertible secured note financing from Green Thumb Industries. This includes USD 10 million drawn at closing. Interestingly, prior to this financing deal, Green Thumb established an ownership stake in Agrify through the purchase of common stock and warrants. </p>
 
 <p>Reportedly, this source of financing gives Agrify the capital support it requires, as well as practical expertise that can assist its positioning for growth and the creation of enduring value for its shareholders.</p>

 <p>In addition to the financial backing, Agrify named Benjamin Kovler as the chairman and interim CEO after the completion of the financing. Other significant introductions include Richard Drexler and Armon Vakili, who join as new board members. Notably, the corporation intends to keep the majority of its existing management team and all of its independent directors.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/27075"> February 2024 </a> , Agrify raised USD 2.6 million by issuing 6,723,684 shares at USD 0.38 per share and reported using the proceeds for working capital and general corporate purposes, including capital expenditures and debt repayment.</p>

Agrify raises USD 20 million in convertible note financing for capital support; appoints interim CEO

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 <p>Bowery Farming, a company who did vertical farming and supplied greens and herbs to local eateries and food stores, has ended its operations in all its farms. Although the company, which had over 500 employees under it, did not officially announce its closure, former employees who are now job hunting verified the shutdown.</p>
 <p>According to the employees, the closure impacts three commercial farms located in New Jersey, Pennsylvania, and Maryland and an R&amp;D facility located in Kearny, New Jersey. The company's facilities including its headquarters in Manhattan, New York have been put up for lease throughout years 2023 and 2024.</p>
 
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Bowery Farming shuts down operations

PROMINENT_CATEGORY

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 <p>UK firm, Vertical Future, known for their vertical farming technology and Research and Development operations, has announced the launch of its new offering, crop-science-as-a-service (CSaaS). This platform grants accessibility to crop data and product services across a multitude of sectors, such as food, fodder, forestry, and pharmaceuticals.</p>
 <p>Through this service, Vertical Future states that clients are given the ability to conduct trials using the technology offered by the company, optimize crop growth, and test out novel products. The company boasts the support of a plant science team comprised of PhD holders for this platform, and offers verified data analysis by leveraging state-of-the-art technologies.</p>
 <p>Vertical Future claims the platform to be instrumental in catalyzing innovation by facilitating cost-effective outsourcing and quick trials using rented high-tech spaces, thereby eliminating the need for substantial initial capital outlay.</p>

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Vertical Future launches crop science data services

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 <p>LettUs Grow, a company specializing in aeroponic container farming, has introduced its new product, the Aeroponic Rolling Bench at its Heath Farm Aeroponic Innovation Centre. The product has been presented to industry partners and commercial growers.</p>
 <p>The center, which is set to officially open to a larger crowd in 2025, promotes their new technology that merges ultrasonic aeroponic irrigation and rolling bench systems. The innovation is designed to aid greenhouse growers in enhancing productivity.</p>
 
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LettUs Grow opens Heath Farm Aeroponic Innovation Centre

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 <p>Gooddrop, a cotton vertical farming startup in the UK, has formed a research partnership with the University of Nottingham. Their goal is to create vertical farming solutions for cotton production.</p>
 <p>Spanning three years, the partnership includes the setup of six bespoke cotton research units on the university's Sutton Bonington Campus. The university's plant and crop scientists are set to work on optimizing cotton varieties for indoor farming. They will particularly focus on enhancing water efficiency and lessening environmental impact. The research project aims to devise design criteria to support the expansion of indoor cotton farming operations.</p>
 
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Gooddrop partners with University of Nottingham for indoor cotton farming research

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<p>Edible Garden, a firm focused on locally grown, organic, and sustainable produce in a controlled environment, has secured a grant from the US Department of Agriculture Organic Certification Program which is managed by the Farm Service Agency. The exact amount of the grant is undisclosed.</p>
<p>The funding will be used to cover costs of obtaining and sustaining organic certification at the company's facilities in Belvidere, New Jersey, and Grand Rapids, Michigan. It will also help to fund research and product development initiatives.</p>

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Edible Garden receives USDA grants to support organic certification

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<p>AdeptAg, a firm in the controlled environment agriculture (CEA) sector, declared that Dave Stienes will be occupying the CEO position from October 25, 2024, succeeding Rick Parod, the retired founder and former CEO.</p>
<p>Stienes has been linked with AdeptAg since the beginning, backing its vision and strategy. His profound participation is predicted to assist him in propelling AdeptAg's mission in his newly entrusted CEO role.</p>

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AdeptAg appoints Dave Stienes as CEO

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 <p>The Boston-based company Freight Farms, which offers hydroponic shipping container vertical farms, has announced the unanimous appointment of Brad Griffith as CEO by its board of directors. It is also announced that Griffith is joining the board of directors.</p>
 <p>His role in Freight Farms is set to steer the next development stage of the company's growth. His target is to scale the business not only in the US but also on the international front. Griffith has expressed his intention to enhance company operations to facilitate efficient business transactions and foster partnerships.</p>
 <p>In his previous engagements, Griffith was the chief commercial officer at Compass Minerals. He was in charge of leading global commercial Plant Nutrition and Salt businesses, supply chain management, and research and development. He has a reputable history in the agriculture and pharmaceutical sectors, having served for over 17 years at Monsanto Company.</p>

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All Updates

Nature's Miracle announces one-for-30 reverse stock split to increase bid price

Anu receives USDA grant to commercialize hydroponic containers

Agrify raises USD 20 million in convertible note financing for capital support; appoints interim CEO

Bowery Farming shuts down operations

Vertical Future launches crop science data services

LettUs Grow opens Heath Farm Aeroponic Innovation Centre

Gooddrop partners with University of Nottingham for indoor cotton farming research

Edible Garden receives USDA grants to support organic certification

AdeptAg appoints Dave Stienes as CEO

Freight Farms appoints Brad Griffith as CEO

Vertical Farming

Nature's Miracle announces one-for-30 reverse stock split to increase bid price

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