The Bermuda Government is in fresh negotiations with a second vertical-farming company in an effort to set up an industry on the island.
Last November, The Royal Gazette revealed that plans to develop a vertical-farming industry were put on hold after the US company working in partnership with the Government reported heavy losses.
On Tuesday, April 4, that company — Orlando-based Kalera Inc — filed for Chapter 11 bankruptcy, and its share price subsequently plummeted. According to the Government’s website, the Bermuda Economic Development Corporation is now in talks with a “new” company.
A statement on its Economic Recovery Plan update page says: “The BEDC work is ongoing to establish a local food co-operative that uses controlled environment agriculture technology to boost domestic food production, increase food security, and lower food cost.
Read more at royalgazette.com