10% AFTER MERGING WITH NOVUS
CAPITAL SO FOR MORE ON THIS
WE'RE JOINED BY JONATHAN WEBB
IS THE FOUNDER AND CEO AP
HARVEST AS WELL AS DAVID LEE
PRESIDENT.
AP ARTISTS GUYS I FEEL LIKE WE
I SAW YOU JUST A FEW WEEKS AGO,
IT'S GREAT TO SEE YOU AGAIN
AND AND JONATHAN I WILL START
WITH YOU CONGRATULATIONS ON THE
BIG DAY. SO WHAT IS BEING A
PUBLICLY TRADED COMPANY.
NOW MEAN FOR YOUR BUSINESS
MODEL AS YOU TRY TO SCALE.
>> WELL IF THIS IS THIS IS A
BIG DAY NOT
ONLY FOR OUR NOT ONLY FOR THE
SECTOR AGRICULTURE. BUT FOR OUR
REGION. IN OUR REGION IS
PREPARED TO LEAD WEEK. WE
CERTAINLY
PLAN ON YOU KNOW SETTING OUR
SIGHTS VERY HIGH. WE WE HAD
MEETINGS THIS MORNING AND LAST
NIGHT. NOW WITH BOARD
INVESTORS AND AND WE WANT TO BE
VERY CLEAR WE WANT TO BE ONE OF
THE LARGEST FOOD AND
AGRICULTURE COMPANIES OF OUR OF
THIS GENERATION
AND YOU KNOW IT'S IT'S STARTING
WITH WITH
ONE GOOD HEALTHY FRUIT AND
VEGETABLE AT A TIME BUT NOW
DAVID JOINING THE COMPANY IS IS
VERY TIMELY AND AND WE'RE
LOOKING TO
EXPAND OUT. MUCH PART OF
BROADER WAY INTO THE PLANT
BASED CATEGORY SO TODAY'S A BIG
DAY FOR US, BUT IT'S JUST A
STAR OF OF A REALLY LONG
JOURNEY FOR DECADES
TO COME.
>> WELL DAVID OBVIOUSLY OF YOUR
OWN EXPERIENCE A LOT OF
EXPERIENCE IN THE PLANT BASE
MARKET IS THE
FORMER CEO FOE OF IMPOSSIBLE
FOODS SO AS THE PRESIDENT OF
THIS COMPANY FINANCIALLY WHAT'S
WHAT'S THE SCALE ABILITY FROM
HERE WHAT ARE THE GOALS YOU'RE
TRYING TO ACHIEVE.
>> WELL AS JONATHAN MENTIONED
OUR GOALS
ARE GLOBAL AND THEY ARE NOT
SMALL AND WE WANT TO LEAVE FROM
APPALACHIA AND WE THINK WE CAN
FEED THE WHOLE COUNTRY FROM
THIS REGION. WHEN YOU THINK
ABOUT THE NUMBER OF FACILITIES
FOR TARGETING BY
2025 JONATHAN HAS HE RECENTLY
ANNOUNCED ON NASDAQ AND WE'RE
TALKING ABOUT AT LEAST 12 MAYBE
MORE. SO WHEN YOU THINK ABOUT
THE SCALE ABILITY OF THIS
COMPANY COMBINED WITH NOW
THE ABILITY FOR INVESTORS TO
PARTICIPATE IN THIS MOVEMENT
WE'RE CREATING TO CREATE A
BETTER FOOD AND ACT COMPANY I
THINK OUR PROSPECTS ARE QUITE
BRIGHT.
>> AS THE JONATHAN I WANT TO
BRING IN AS WELL BECAUSE WE SAW
SOME
OF THIS ACTION AT FIRST HAND
RECENTLY SAY YOUR FIRST TOMATO
HARVEST, I JUST A COUPLE OF
WEEKS AGO MAKING ITS WAY TO THE
DIFFERENT GROCERY STORES
TALKING ABOUT WALMART
PUBLIX KROGER AT FOOD CITY
AMONG OTHERS YOUR LOW HAITIAN
IT IN CENTRAL APPALACHIA.
IS THAT CONDUCIVE TO BUSINESS
HAD THERE BEEN ANY ISSUES WITH
THE SUPPLY AND THE DISTRIBUTION
OF YOUR PRODUCTS.
>> KNOW THAT THAT'S THAT'S OUR
ADVANTAGE YOU KNOW WHEN AND
DON'T LOOK TO US ON
DISTRIBUTION AGAIN. IT LOOKED A
AMAZON WHOSE BUILDING ONE OF
THE LARGEST PRIME FACILITIES IN
THE WORLD RIGHT NOW IN NORTHERN
KENTUCKY. BUT YEAH WE'RE WE'RE
IN A REGION THE STRATEGICALLY
LOCATED WHERE WE CAN GET TO 70%
OF THE U.S. SENATE THEY DRIVE.
AND WE HAVE TREMENDOUS RAINFALL
AGAIN IF YOU LOOK AT A FRUIT
AND VEGETABLE 95% OF IT IS AS
WATER AND WE'RE ABLE TO PACKAGE
UP THAT ABUNDANT RAINFALL HERE
IN CENTRAL APPALACHIA AND
PACKAGE IT INTO A NICE HEALTHY
FRUIT AND VEGETABLE
USING 90% LESS WATER GETTING 30
TIMES MORE YOU MORE YIELD PER
ACRE AN OPEN FIELD TO FARMING
AND GETTING THE HARSH CHEMICAL
PESTICIDES OUT OF THE GROWING
PRACTICE. OUR JOB RIGHT
HERE IS IS TO KEEP CHARGING AND
BUILD FACILITIES ON THE GROUND
AND AND DAVID LEIGH AND OUR
BOARD MEMBER MARTHA STEWART
AND OTHERS ARE THINKING THROUGH
ONE OF THOSE ONE OF THOSE
PRODUCTS THAT WE CAN BE MAKING
WITH THIS GOOD HEALTHY
CONSISTENT SUPPLY. COMING OUT
OF OUR FACILITIES HERE IN
CENTRAL APPALACHIA.
>> I DATED IMPOSSIBLE FOODS
YOUR FORMER EMPLOYER IS THAT A
POTENTIAL CUSTOMER DOWN THE
ROAD OR BUSINESS PARTNER SALUTE
LEE, ABSOLUTELY
YOU KNOW.
>> WE CAN BE WHEREVER GREAT
FRUIT AND VEGETABLES ARE
SOLD TODAY. AND WHEN YOU THINK
ABOUT 45 MILLION POUNDS
ANNUALLY AND IT JUST OUR
FIRST FARM. WE CAN DO IT AT A
LEVEL OF SCALE THAT I THINK
PEOPLE ARE SURPRISED THAT IT'S
JUST A FEW DAYS AGO WE WERE
TALKING TO YOU A BETTER FIRST
TARGET JUST A FEW MONTHS AGO
WHEN THE KNOW THIS MERGER WAS
ANNOUNCED IN HERE WE ARE WITH A
2.8 MILLION SQUARE FOOT
FACILITY, IT'S JUST THE
BEGINNING AND BEING ABLE TO LET
US JEANNE RETAIL INVESTORS BE
PART OF THIS MOVEMENT WE'RE
CREATING.
>> ALL RIGHT OUR GUYS I IT
CERTAINLY WELL RECEIVED BY
INVESTORS SO FAR I JONATHAN
EXPLAIN WHAT EXACTLY THE
INVESTORS ARE BUYING INTO WHY
SHOULD PEOPLE BE BY YOUR
SHARES.
>> WELL YOU KNOW MY BACKGROUND
WAS BUILDING SOME OF THE
LARGEST SOLAR PROJECTS IN THE
U.S.. PRIOR DAP HARVEST AND
WE'VE TRIED TO SAY
CONTROLLED ENVIRONMENT,
AGRICULTURE IS THE 3RD WAVE OF
SUSTAINABLE INFRASTRUCTURE IN
20 YEARS AGO WAS RENEWABLE
ENERGY. 10 YEARS AGO WAS
ELECTRIC VEHICLES AND
AUTOMOTIVE, AND RIGHT NOW IT'S
CONTROLLED ENVIRONMENT,
AGRICULTURE. WE DON'T HAVE A
CHOICE WE HAVE A FINITE AMOUNT
OF LAND AND WATER ON
PLANET EARTH 4TH WE HAVE TO
GROW A LOT MORE FOOD WITH A LOT
LESS RESOURCES
I'VE BEEN ON YOUR SHOW AND
DISCUSSED HOW THE UN SECURITY
CAME TO VISIT US HERE IN
KENTUCKY. AND THEY PREDICTED WE
NEED 50 TO 70% MORE FOOD BY
2050 AND WE NEED UP TO 2 PLANET
EARTHS TO GROW THAT FOOD.
ANOTHER UNIT OFFICIALS
PREDICTED WE HAVE 60 YEARS LEFT
A FERTILE TOPSOIL
WHERE WE'VE DEGREE TO DEGRADE
THOSE SOULS TO POINT TO WHETHER
OR NOT FERTILE WE HAVE TO USE
TECHNOLOGY. WE HAVE TO USE
INFRASTRUCTURE IN THE END THE
PRIVATE SECTOR CAN LEAD THEY
CAN INVEST IN COMPANIES THAT
ARE GOING TO RESHAPE FOOD AND
AGRICULTURE GLOW BOY
AND WE'RE LUCKY TO BE HITTING
THE NASDAQ TODAY AN UNFORTUNATE
TO HAVE NO GREAT STRONG
INVESTORS IN OUR CAP TABLE
EARLY THAT THEIR GOING TO BE
WITH US FOR THE LONG RUN OVER
THE COMING DECADES.