KAL Kalera

Kalera to Open Vertical Farming Facility in Ohio, Bringing Fresh, Locally-Grown Greens to the Midwest

Kalera to Open Vertical Farming Facility in Ohio, Bringing Fresh, Locally-Grown Greens to the Midwest

The new facility is the seventh to be announced by Kalera, marking its nationwide presence

ORLANDO, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest growing vertical farming companies in the United States, today announced it will begin construction on a facility in the Columbus, Ohio area, slated to open in 2021. With this news, Kalera enters the Midwest, giving the region’s grocers, restaurants, theme parks, airports, schools and hospitals reliable access to clean, safe, nutritious, price-stable, long-lasting vertically-grown greens. The facility will generate approximately 65 jobs.

The announcement of the Columbus facility comes on the heels of a series of announcements made by Kalera, including new facilities to be built in , , , and ; the addition of to the Board of Directors, including CEO of Red Lobster, Kim Lopdrup; and the completion of this year.

“With most of the nation’s greens grown on the West Coast, we’re thrilled to be able to provide Midwest customers year-round access to hyper-local produce. With our centrally located farm facility, we are able to reduce travel times from days and weeks to mere hours,” said Daniel Malechuk, Kalera CEO. “Many regions across the country, including the Midwest, typically only have access to produce that is bred to endure long shipping times, sacrificing flavor and freshness for durability. We’re proud and excited for our Midwest customers to experience the enhanced flavor and nutrition profile of greens that are picked and delivered at the height of freshness.”

As of this announcement, Kalera is slated to have seven commercial growing facilities open and operating across the US by the end of next year. Kalera currently operates two growing facilities in Orlando, and is constructing facilities in , , , and which will also open in 2021.

Kalera utilizes cleanroom technology and processes to eliminate the use of chemicals and remove exposure to pathogens. Kalera's plants grow while consuming 95% less water compared to field farming.

"We welcome Kalera’s plans for its first investment in Ohio, which brings an innovative hydroponic agriculture operation and 65 new jobs to the Columbus Region,” said JobsOhio President and CEO J.P. Nauseef. “Demand for Kalera’s non-GMO produce has soared, and Ohio talent at this advanced facility will utilize the latest in vertical hydroponic farming technology to expand its growing U.S. customer base.”

City officials anticipate Kalera's operations will provide many benefits for Columbus residents.

“We’re happy to welcome Kalera to Columbus – a high-growth company doing really cutting edge work with sustainably sourced and locally grown produce,” said City of Columbus Mayor Andrew J. Ginther. “Columbus continues to be a location companies choose to create, test, and launch innovative technologies and businesses.”

About Kalera

is a technology driven vertical farming company with unique growing methods combining optimized nutrients and light recipes, precise environmental controls, and clean room standards to produce safe, highly nutritious, pesticide-free, non-GMO vegetables with consistent high quality and longer shelf life year-round. The company’s high-yield, automated, data-driven hydroponic production facilities have been designed for rapid rollout with industry-leading payback times to grow vegetables faster, cleaner, at a lower cost, and with less environmental impact.

Media Contact:

Molly Antos

Phone: (847) 848-2090‬‬‬‬‬

Email:

A photo accompanying this announcement is available at  



EN
21/12/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kalera

 PRESS RELEASE

KALERA PLC RECEIVES NOTICE OF DELISTING FROM NASDAQ

KALERA PLC RECEIVES NOTICE OF DELISTING FROM NASDAQ Orlando, Fla, April 10, 2023 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (“Kalera PLC” or the “Company”) (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, today announced that on April 6, 2023, it received a delisting notification from Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that Nasdaq would suspend trading of the Company’s common stock as of the opening of business on April 17, 2023. Nasdaq’s determination was based on the following: (i) Under Listing Rule 5101, the Company is a public s...

 PRESS RELEASE

KALERA PLC ANNOUNCES ITS WHOLLY-OWNED AND MAIN OPERATING SUBSIDIARY, K...

KALERA PLC ANNOUNCES ITS WHOLLY-OWNED AND MAIN OPERATING SUBSIDIARY, KALERA, INC., FILES FOR CHAPTER 11 PROTECTION TO PURSUE FINANCIAL AND OPERATIONAL REOGRANIZATION Kalera, Inc. Files for Protection under Chapter 11 to Explore Strategic Alternatives Kalera, Inc. Agrees to $5.1 million Debtor-in-Possession (DIP) Financing to Support Continuing of Operations During Proceedings Kalera, Inc. Will Continue to Operate Houston and Denver Facilities and These Will Continue to Serve Kalera’s Existing Customer Base Orlando, Fla, April 04, 2023 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (...

 PRESS RELEASE

KALERA PLC ANNOUNCES COMPLETING THE SEPARATION OF INTERNATIONAL ASSETS...

KALERA PLC ANNOUNCES COMPLETING THE SEPARATION OF INTERNATIONAL ASSETS ACCELERATING TRANSFORMATION Separation will advance transformation of Kalera into a pure-play U.S. vertical farming company positioned for long-term growth and shareholder value creation; Reinforces Kalera’s commitment to reduce cash burn and accelerate time to become a cash flow positive company in the U.S. Orlando, Fla, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (“Kalera” or the “Company”) (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, announced today that in the ...

 PRESS RELEASE

Kalera Outlines Additional Actions to Improve Profitability

Kalera Outlines Additional Actions to Improve Profitability Orlando, Fla, Jan. 13, 2023 (GLOBE NEWSWIRE) --  Kalera Public Limited Company (“Kalera” or the “Company”) (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, provided an update on the steps it has taken and its plans going forward to achieve cash flow break-even by the end of fiscal year 2023. “I continue to be very pleased with the commercial side of our business, specifically sales and operations. Demand for our products is stronger than ever across all channels, and our facilities are operating bette...

 PRESS RELEASE

Kalera Shareholders Approve Reverse Stock Split

Kalera Shareholders Approve Reverse Stock Split Kalera ordinary shares expected to begin trading on a split-adjusted basis on December 23, 2022 Orlando, Florida, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (“Kalera” or the “Company”) (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, today announced that shareholders approved a reverse stock split of its outstanding ordinary shares (the “Ordinary Shares”) at a ratio of 100-for-1. The reverse stock split will become effective today, December 23, 2022, and Ordinary Shares will begin trading o...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch