US: FarmedHere asset sale slated for February 23
About a month ago, FarmedHere, the 90,000-square-foot indoor hydroponic growth operation in Bedfork Park, Chicago, closed its doors for good. 'Faced with onerous operational costs and increasing competition in the Chicago market', Nate Laurell, who took over as CEO last January, decided over the summer to pull the plug on the Louisville farm, six years after its opening and a year after the announcement of the opening of a 2nd, 60,000 square foot vertical farm in Kentucky. FarmedHere also pulled out of this project.
According to an article on the Chicago Tribune, Here Holdings, parent company of FarmedHere, is shifting its focus and resources to making food products like salad dressings and juices. The goods will be made with produce from local farms, such as tomatoes from Rochelle-based greenhouse grower MightyVine.
Click here for the complete public notice on the FarmedHere asset sale including details on the goods and items that are for sale.