Expanding to more than 350 Stop & Shop
locations in Northeast and New England regions
AeroFarms, a Certified B Corporation and leader in indoor
vertical farming, today announced that it is expanding this Fall
its distribution of leafy greens to more than 350 Stop & Shop
Stores across the Northeast and New England regions including New
Jersey, New York, Connecticut, Massachusetts, and Rhode Island.
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the full release here:
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“Customers have fallen in love with our award-winning greens,”
said David Rosenberg, Co-Founder and Chief Executive Officer of
AeroFarms. “We are excited to be able to expand our distribution
with a great partner like Stop & Shop to offer our high-quality
produce all year round at consistent pricing and availability, and
we can help grow the entire category of leafy greens and drive
consumption with our sustainably grown produce that is ultimately
winning on taste.”
AeroFarms starts by selecting the most flavorful varietals of
leafy greens, then perfects them in its proprietary indoor vertical
farms for optimal quality, yield, color, nutrition, texture, and
taste. AeroFarms has trademarked Vertical Farming, Elevated Flavor™
to highlight to consumers not only where and how its food is grown,
but also more importantly, the key growing benefits that AeroFarms
uniquely brings to the market, setting a new culinary standard with
millions of data points to prove it.
AeroFarms grows its kale to be sweeter and its arugula to be
perfectly peppery, and the Company has developed its signature
FlavorSpectrum™ to represent the breadth of flavors and hundreds of
varieties of leafy greens that it is able to grow. AeroFarms’ team
of experts from horticulturists to engineers to data scientists to
nutritionists pair each specific tasting note with a representative
color to bring the FlavorSpectrum™ philosophy to life. Across its
leafy greens packaging line, the cool blue tones represent sweet
and mellow notes, while the intense reds represent bold and zesty
flavors.
Besides its line of baby leafy greens, AeroFarms has been
expanding the category of microgreens that were recognized by The
Today Show as one of the top health trends for 2021. Responding to
increased consumer demand, AeroFarms has successfully added Micro
Arugula, Micro Broccoli, Micro Kale, and Micro Rainbow Mix to its
core line of Micro Spicy Mix and Micro Super Mix. Produced
year-round at the highest quality, AeroFarms microgreens offer
great visual and flavor excitement, elevating the home cook into a
chef. In addition, AeroFarms microgreens provide higher nutrient
density than their mature green counterparts, offering a powerful
way to provide a potent boost of vitamins, minerals, and
phytonutrients.
All AeroFarms leafy greens are safely grown indoors in New
Jersey at one of AeroFarms’ state-of-the art commercial indoor
vertical farms that is certified for USDA Good Agricultural
Practices, SQF Level 2 Good Manufacturing Practices, Non-GMO
Project Verification, and OU Kosher. AeroFarms leafy greens are
completely pesticide free, and ready-to-eat without any need to
wash, providing a major benefit to consumers looking for safety and
convenience. AeroFarms leafy greens are available at major retail
and foodservice customers including not only Stop & Shop but
also Walmart, Whole Foods Market, ShopRite, Amazon Fresh,
FreshDirect, and Baldor Specialty Foods.
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/.
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 and pursuit of additional capital
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 Reports 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/20211007005264/en/
AeroFarms Investor Relations: Jeff Sonnek ICR
Jeff.Sonnek@icrinc.com 1-646-277-1263 Media Relations: Marc Oshima
AeroFarms MarcOshima@AeroFarms.com 1-917-673-4602
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