Brewed with hops grown indoors by AeroFarms
and its proprietary vertical farming technology platform
Goose Island UK and AeroFarms®, a certified B Corporation and
leader in indoor vertical farming have unveiled today Hail
Hydro - a brand new session IPA made from groundbreaking
hydroponic hops grown indoors by AeroFarms, who is focused on
elevating agriculture around the world and helping address some of
our most pressing agriculture supply-chain challenges.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210922005076/en/
(Photo: Business Wire)
Hail Hydro is the latest beer in Goose Island’s
Impossible IPA series - a new selection of beers which embrace the
creation of new recipes using innovative hops and techniques. The
4.7% hazy session IPA utilizes hydroponic hops grown at AeroFarms’
global headquarters in Newark, New Jersey, U.S.A., where AeroFarms
has over 100,000 square feet of indoor vertical farming for both
commercial and R&D production, utilizing methods that can yield
up to 390 times greater productivity annually, while using up to
95% less water and zero pesticides versus traditional field
farming.
Skipping the soil, the hydro-cascade hops are submerged in a
growing medium that supports and nourishes the roots of the plant
with nutrient-rich water through AeroFarms’ indoor vertical farming
technology platform. This method allows hops to be grown anywhere
in the world, at any time of the year with consistent results, and
to generate higher yields with fewer resources. With growing
seasons and outdoor climate conditions in a major flux right now,
hydroponic hops grown in AeroFarms indoor vertical farms for
elevated resilience and flavor are undoubtedly the future, and a
groundbreaking development in the beer world.
In terms of flavor notes, the beer packs a refreshing citrus
punch with hints of lemon and lime, hitting all the right notes
when it comes to Session IPAs, clocking in at a delicious 4.7% abv.
Fresh and zingy, it tastes as bright as the future of agriculture.
Consumers will be able to scan a QR code on the can’s packaging
that will take them to a farm tour of AeroFarms’ unique growing
indoor vertical technology.
Hail Hydro is available in limited supply now, only on
the Goose Island UK Webstore. www.gooseislandshop.com
“Hydroponically cultivated hops are an exciting prospect, and
the potential innovation opportunities and sustainable benefits are
exciting for the craft community,” said Joe Bevan Innovation Brewer
Goose Island UK. “Brewing with the cascade was a new experience for
us! We saw zingy lime, soft lemon, and a subtle resinous from the
hydroponically grown hops.”
“AeroFarms is proud to have partnered with Goose Island UK and
the broader Anheuser-Busch InBev team for more than a year to
demonstrate our unique growing capabilities,” commented David
Rosenberg, Co Founder & CEO of AeroFarms. “We have succeeded in
growing mature hops as well as propagating high-quality rhizomes,
designed to improve field production of hops. The hops used in
Hail Hydro were grown in our completely controlled
environment, hydroponically with no pesticides, using blue and
white lights in place of sunlight to grow the best plants possible.
It has been an incredible partnership, bringing their long-time
expertise in quality brewing to our research commercialization
collaboration. Together, AeroFarms’ R&D group and Goose Island
UK are demonstrating the promise of a new premium product, pairing
master brewing with premium hops that can be grown year-round
indoors.”
About Goose Island
Established in Chicago in 1988, Goose Island is known for award
winning, expertly crafted beers. From flagship brews like the
award-winning Goose IPA to Bourbon County Brand Stout, Goose Island
endeavors to brew beers worthy of conversations, debates and
celebrations – we don’t need to be the only beer you drink, we just
want to be the best beer you drink.
About AeroFarms
Since 2004, AeroFarms has been leading the way for indoor
vertical farming and championing transformational innovation for
agriculture. On a mission to grow the best plants possible for the
betterment of humanity, AeroFarms is a Certified B Corporation with
global headquarters in Newark, New Jersey. Named one of the World’s
Most Innovative Companies by Fast Company two years in a row and
one of TIME’s Best Inventions in Food, AeroFarms patented,
award-winning indoor vertical farming technology provides the
perfect conditions for healthy plants to thrive, taking agriculture
to a new level of precision, food safety, and productivity while
using up to 95% less water and no pesticides ever versus
traditional field farming. AeroFarms enables local production to
safely grow all year round, using vertical farming for elevated
flavor.™ In addition, through its proprietary growing technology
platform, AeroFarms has grown over 550 varieties, has innovated in
speed breeding, and has developed multi-year strategic partnerships
ranging from government to major Fortune 500 companies to help
uniquely solve agriculture supply chain needs. For additional
information, visit: https://aerofarms.com/.
On March 26, 2021, AeroFarms announced a definitive business
combination agreement with Spring Valley Acquisition Corp. (Nasdaq:
SV). Upon the closing of the business combination, AeroFarms will
become publicly traded on Nasdaq under the new ticker symbol
"ARFM". Additional information about the transaction can be viewed
here: https://aerofarms.com/investors/.
No Offer or Solicitation
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, or the solicitation of any vote or
approval in any jurisdiction in connection with a proposed
potential business combination among Spring Valley and AeroFarms or
any related transactions, nor shall there be any sale, issuance or
transfer of securities in any jurisdiction where, or to any person
to whom, such offer, solicitation or sale may be unlawful. Any
offering of securities or solicitation of votes regarding the
proposed transaction will be made only by means of a proxy
statement/prospectus that complies with applicable rules and
regulations promulgated under the Securities Act of 1933, as
amended (the “Securities Act”), and Securities Exchange Act of
1934, as amended, or pursuant to an exemption from the Securities
Act or in a transaction not subject to the registration
requirements of the Securities Act.
Forward Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “might,” “will,”
“estimate,” “continue,” “contemplate,” “anticipate,” “intend,”
“expect,” “should,” “would,” “could,” “plan,” “predict,” “project,”
“potential,” “seem,” “seek,” “future,” “outlook,” and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. All statements,
other than statements of present or historical fact included in
this press release, including those regarding Spring Valley’s
proposed acquisition of AeroFarms are forward-looking statements.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the respective management of AeroFarms and Spring Valley and are
not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on as, a guarantee, an
assurance, a prediction, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of AeroFarms and
Spring Valley. These forward-looking statements are subject to a
number of risks and uncertainties, including changes in domestic
and foreign business, market, financial, political, and legal
conditions; the inability of the parties to successfully or timely
consummate the proposed transaction, including the risk that any
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed
transaction or that the approval of the stockholders of Spring
Valley or AeroFarms is not obtained; failure to realize the
anticipated benefits of the proposed transaction; risks related to
the expansion of AeroFarms’ business and the timing of expected
business milestones; the effects of competition on AeroFarms’
business; the ability of Spring Valley or AeroFarms to issue equity
or equity-linked securities or obtain debt financing in connection
with the proposed transaction or in the future, and those factors
discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly
Report on Form 10-Q, final prospectus dated November 25, 2020 and
definitive proxy statement/prospectus dated July 26, 2021 under the
heading “Risk Factors,” and other documents Spring Valley has
filed, or will file, with the SEC. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither Spring Valley nor AeroFarms presently know, or that Spring
Valley nor AeroFarms currently believe are immaterial, that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Spring Valley’s and AeroFarms’ expectations, plans, or
forecasts of future events and views as of the date of this press
release. Spring Valley and AeroFarms anticipate that subsequent
events and developments will cause Spring Valley’s and AeroFarms’
assessments to change. However, while Spring Valley and AeroFarms
may elect to update these forward-looking statements at some point
in the future, Spring Valley and AeroFarms specifically disclaim
any obligation to do so. These forward-looking statements should
not be relied upon as representing Spring Valley’s and AeroFarms’
assessments of any date subsequent to the date of this press
release. Accordingly, undue reliance should not be placed upon the
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210922005076/en/
Goose Island Media Contact at The Zeitgeist Agency -
Elliot.Mitchell@zeitgeist.co.uk AeroFarms Media Contact –
MarcOshima@AeroFarms.com AeroFarms IR Contact –
Jeff.Sonnek@icrinc.com
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