X-Caliber Rural Capital has closed a $56 million bridge loan for the construction of a vertical farm for Hardy Fresh in America, Georgia. The new building is expected to be completed by the end of 2024.
The new cultivation area, completely enclosed, should be about 31,500 square meters, good for the cultivation of 15 million heads of lettuce and salads and other types of lettuce. The Americans have already announced that the cultivation space will be equipped with more than 50,000 internet-connected devices.
Like the company’s Wauchula, Florida growing site, the new Americus growing site will be powered primarily by on-site renewable energy.
“With this funding from X-Caliber Rural Capital and our partners at American Lending Center, Hardy Fresh is changing the way millions of Americans eat healthy produce. We’re expanding our ability to improve technology to ensure that all of our leafy greens are natural. Organic. Available,” Halton A. Peters, Ph.D. Co-founder and President of Hardee Fresh.
X-Caliber Rural Capital provides $56 million in conventional (non-USDA) credit. X-Caliber Rural Capital has partnered with American Lending Center, an impact investor that creates jobs in rural areas.
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