Use of space: AeroFarms, a former steel mill in Newark, N.J., boasts that it can produce 2 million pounds of food each year in its 70,000 square feet, or about 1.3 acres. California’s Monterey County, by contrast, uses nearly 59,000 acres — out of 24.3 million acres statewide of ranches and farms — to grow its No. 1 crop, which is leaf lettuce valued at $840.6 million, its 2019 crop report showed.
Verity are talking about a 60k square foot facility with an initial 624 rotational garden systems expandable to 1,872 systems. 1,872 rotational garden systems can grow 5.6m pounds of leafy greens, close to triple AeroFarms' 2 million pounds!
RGI Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held