The company operates a 60-acre controlled environment agriculture facility in Morehead, KY — one of the largest high-tech greenhouses in the world — and has an active development pipeline for additional large-scale indoor controlled environment farm projects.
Upon the closing of the transaction, AppHarvest will retain its highly experienced management, a team of growers with more than 140 years of agricultural experience, including 120 years of sustainable agriculture experience, a sustainability team with more than 40 years of experience; and construction managers who have successfully managed more than $19 billion in projects.
In addition, AppHarvest announced that Peter C. Halt has joined the executive team as Chief Financial Officer. Halt is a seasoned finance professional with several years of experience as a publicly traded company CFO, most recently having served as the CFO for TiVo Corporation, up until its announced acquisition by Xperi Corporation.
Continue reading here.