The Beefsteak tomatoes are chemical
pesticide-free, non-GMO and sustainably grown with 100% recycled
rainwater; will first arrive in select national grocery stores this
week
AppHarvest, a leading AgTech company building some of the
country’s largest high-tech indoor farms to grow affordable,
nutritious fruits and vegetables at scale, has announced that its
first-ever harvest—Beefsteak tomatoes from its 60-acre Morehead,
Kentucky, flagship indoor farm—will start to roll out in grocery
stores this week.
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the full release here:
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AppHarvest announces its first harvest of
tomatoes from flagship high-tech indoor farm are shipping to select
national grocery stores this week. The sustainably grown tomatoes
first will be available in select national retailers such as
Kroger, Publix, Walmart, Food City and Meijer. (Photo: Business
Wire)
The sustainably grown tomatoes first will be available in select
national retailers such as Kroger, Publix, Walmart, Food City and
Meijer.
Shoppers will be able to find the Beefsteak tomatoes in the
produce aisle, co-branded with Sunset Grown, and the products are
expected to be comparable in price to standard tomatoes.
AppHarvest’s Beefsteak tomatoes are chemical pesticide-free,
non-GMO and are grown with 100% recycled rainwater.
This first harvest occurs as AppHarvest continues expansion
plans for additional indoor farms to meet the increasing demand for
sustainably grown U.S. produce. The company is preparing to list
publicly after the closing of the previously announced business
combination of AppHarvest with Novus Capital Corporation (Nasdaq:
NOVS) and then will trade on Nasdaq under the ticker APPH.
At ramp-up, AppHarvest’s Morehead facility alone is expected to
produce about 45 million pounds of tomatoes annually from about
720,000 tomato plants, a mix of Beefsteak and “Tomatoes on the
Vine.” AppHarvest has two more facilities under construction—a
similar 60-plus acre facility outside Richmond, Ky., and a 15-acre
facility to grow leafy greens in Berea, Ky. AppHarvest also is
planning for more facilities across Kentucky and Central
Appalachia, with the goal of 12 total farms by the end of 2025.
The AgTech company recently appointed AppHarvest Board Member
David Lee as president to manage strategy and operations, while
leading the sales, marketing and finance functions as AppHarvest
continues to grow as a sustainable fresh foods company. Lee joins
AppHarvest from Impossible Foods, where he has served as chief
financial officer since 2015 and is credited with significant
growth accomplishments including securing more than $1.3 billion in
funding to accelerate manufacturing, product development and
distribution.
In August 2020, AppHarvest announced that food entrepreneur and
icon Martha Stewart and best-selling author and investor J.D. Vance
would join the board of directors, alongside Inclusive Capital
Partners Founder & Managing Partner Jeffrey Ubben and Rise of
the Rest Seed Funds Partner Anna Mason and others committed to
transforming the future of agriculture and supporting
entrepreneurial efforts in Middle-America.
AppHarvest’s high-tech indoor farms are designed to use 90% less
water with yields that are up to 30 times higher compared to
traditional open-field agriculture on the same amount of land. Its
location in Appalachia allows it to deliver a strong social impact
by building a diversified economy in economically distressed areas
of the country, while enabling its products to reach about 70% of
the U.S. population within a single day’s drive. As a result,
AppHarvest expects to deliver fresher fruits and vegetables,
ripened on the vine for peak flavor and nutrition, with an 80%
reduction in diesel consumption required for transportation, as
compared to produce shipped from Mexico.
“As a mission-driven company that prioritizes Environmental,
Social, and Governance (ESG) principles, this first harvest is
monumental for our business, and we want to set a benchmark for the
industry,” said Jonathan Webb, founder and CEO. “We are determined
to build a climate-resilient infrastructure to offer folks a
delicious tomato that is sustainably grown right here in Appalachia
with 100% recycled rainwater and zero chemical pesticides, making
it better for both them and the environment.”
“AppHarvest’s high-tech, sustainable approach is the future of
food, and this first harvest allows us to provide consumers with
chemical pesticide-free, nutrient-rich, flavorful produce that’s
making a difference they can feel good about,” said Martha Stewart,
Board Member of AppHarvest. “I’ve been testing the early sample
tomatoes, which are delicious, and I’m already looking forward to
integrating them into my kitchen and recipes this year.”
For more information on where to purchase AppHarvest products,
visit www.AppHarvest.com.
###
About AppHarvest
AppHarvest is an applied technology company building some of the
world’s largest indoor farms in Appalachia. The company combines
conventional agricultural techniques with cutting-edge technology
and is addressing key issues including improving access for all to
nutritious food, farming more sustainably, building a home-grown
food supply, and increasing investment in Appalachia. The company’s
60-acre Morehead, Ky. facility is among the largest indoor farms in
the U.S. For more information, visit
https://www.appharvest.com/.
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,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “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, regarding Novus Capital’s proposed
acquisition of AppHarvest, Novus Capital’s ability to consummate
the transaction, the benefits of the transaction and the combined
company’s future financial performance, as well as the combined
company’s growth plans and strategy, future operations, estimated
financial position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management 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 AppHarvest’s management 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 AppHarvest. These
forward-looking statements are subject to a number of risks and
uncertainties, including those discussed in Novus Capital’s
registration statement on Form S-4, filed with the SEC on October
9, 2020 (the “Registration Statement”), under the heading “Risk
Factors,” and other documents Novus Capital 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. In
addition, forward-looking statements reflect AppHarvest’s
expectations, plans, or forecasts of future events and views as of
the date of this press release. AppHarvest anticipates that
subsequent events and developments will cause its assessments to
change. However, while AppHarvest may elect to update these
forward-looking statements at some point in the future, AppHarvest
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing AppHarvest’s assessments of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
Important Information for Investors and Stockholders
In connection with the proposed transaction, Novus Capital has
filed the Registration Statement with the SEC, which includes a
preliminary proxy statement to be distributed to holders of Novus
Capital’s common stock in connection with Novus Capital’s
solicitation of proxies for the vote by Novus Capital’s
stockholders with respect to the proposed transaction and other
matters as described in the Registration Statement, as well as the
prospectus relating to the offer of securities to be issued to
AppHarvest’s stockholders in connection with the proposed
transaction. After the Registration Statement has been declared
effective, Novus Capital will mail a definitive proxy statement,
when available, to its stockholders. Investors and security
holders and other interested parties are urged to read the proxy
statement/prospectus, any amendments thereto and any other
documents filed with the SEC carefully and in their entirety when
they become available because they will contain important
information about Novus Capital, AppHarvest and the proposed
transaction. Investors and security holders may obtain free
copies of the preliminary proxy statement/prospectus and definitive
proxy statement/prospectus (when available) and other documents
filed with the SEC by Novus Capital through the website maintained
by the SEC at http://www.sec.gov, or by directing a request to:
Novus Capital Corporation, 8556 Oakmont Lane, Indianapolis, IN
46260. The information contained on, or that may be accessed
through, the websites referenced in this press release is not
incorporated by reference into, and is not a part of, this press
release.
Participants in the Solicitation
Novus Capital and its directors and officers may be deemed
participants in the solicitation of proxies of Novus Capital’s
shareholders in connection with the proposed business combination.
Security holders may obtain more detailed information regarding the
names, affiliations and interests of certain of Novus Capital’s
executive officers and directors in the solicitation by reading the
Registration Statement and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of Novus Capital’s
participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, is set forth
in the Registration Statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20210119005616/en/
MEDIA CONTACT: Travis Parman, press@appharvest.com
IMAGE/VIDEO GALLERY: Available here
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