AppHarvest announced it completed the “Summer Refresh” and replanting of its flagship high-tech indoor farm in Morehead, Ky., in preparation for the second season of harvesting.
The more than 700,000 tomato plants in the 2.8 million sq. ft. facility are expected to reach a mature height of about 40 feet and begin producing within a couple of months after planting. Thus, the company continues to expect tomato net sales to be modest in the third quarter, approximately $300,000 to $400,000, with a ramp-up in the fourth quarter as the planted acreage becomes fully productive.
“With the late summer refresh and replanting, the AppHarvest Morehead Farm is on track to start growing tomatoes for Season Two with lessons learned from our first season integrated into our game plan for the upcoming harvest,” said AppHarvest Founder and CEO Jonathan Webb. “We remain on track with our plan to offer new crop types in addition to tomatoes by the end of next year, and I’m pleased with the progress across our company as we continue to focus on delivering a sustainable and climate-resilient food system that can provide fresh produce at scale from right here in Appalachia.”
AppHarvest