2021 is turning out to be quite the year for Newark, New Jersey-based vertical farming pioneer AeroFarms.
The biggest news is that the company is going public. In March, it announced a merger with a blank-check firm, Spring Valley Acquisition Corp., that will see the company traded publicly later this year under the ticker ARFM. Also in March, AeroFarms announced a research and development partnership with Hortifrut to push vertical farming technology into the lucrative $39.8 billion berry market, reducing its dependency on revenue from leafy greens. And in July, AeroFarms rebranded its Dream Greens produce line to AeroFarms to capitalize on its name recognition. At the same time, it expanded into five new leafy green products: Baby Bok Choy, The New Spinach, Micro Arugula, Micro Broccoli, Micro Kale and Micro Rainbow Mix. And in August, AeroFarms announced another partnership with Nokia Bell Labs, the New Jersey-based historic scientific research firm, to take its technology to the next level with increased networking, advanced autonomous systems, machine vision and machine learning technologies.