Freight Farms, an agtech company, and Agrinam announced 32% growth in year-over-year orders of Freight Farms' Greenery farm in 2023. Freight Farms saw customers scaling the number of farm units in their operations increase by approximately 70%, driven primarily by the growth of 147% in non-profit and healthcare customers and 27% in education customers.
"We are thrilled to see the continued growth of our farms and where they've taken root at community organizations, hospitals, restaurants, and universities. This aligns with our goal to shift the paradigm of local food production – moving farms instead of food – to ensure decentralized and democratized access to fresh produce," says Rick Vanzura, CEO of Freight Farms.
This year, Freight Farms expects to unveil the latest iteration of their container farm, the Garden. Through partnerships, starting with the Museum of Science, Boston, they will showcase how the Garden integrates into educational settings, public areas, and institutions within the hospitality and non-profit sectors. Market production is expected to begin in 2025.
Amid rising demand in key industries for sustainable and locally sourced food solutions, Freight Farms has experienced a 62% increase in orders from institutional customers between 2022 and 2023, contributing to a 51% increase in revenue for this group.
For more information:
Freight Farms
info@freightfarms.com
www.freightfarms.com
Agrinam Acquisition Corporation
info@agrinamspac.com
https://agrinamspac.com