Vertical farm GroGrace faces imminent closure, but its co-founder Grace Lim is still seeking lifelines to keep it from joining a growing list of shuttered indoor farms.
GroGrace, which is operated by Urban Farming Partners Singapore, announced on its social media platforms on Feb 8 that it would fold on Feb 14.
But Ms Lim, 52, told The Straits Times she is extending the deadline till the end of the month as she explores potential partnerships with other farms and investors that could keep the business afloat. She declined to reveal the entities that she is in talks with.
As the company has been defaulting on rent and utility payments, Ms Lim said she was forced to confront the fact that it might be time to let her company go. She said: "I don't have much more time. So if nothing materialises in the next few days, then we have to close, unless miracles happen, or money comes in from somewhere."
Read more at The Straits Times
