OKAY VERTICAL FARMING STARTUP
IN GREEN TECHNOLOGY ANNOUNCING
EARLIER TODAY, IT'S RAISED
12 MILLION DOLLARS IN NEW
FUNDING AND
HAS FOUND ROOM TO KEEP GROWING
THE COMPANY ALSO ANNOUNCING IT
HAS BROKEN GROUND ON A NEW
VERTICAL FARMING GREENHOUSE IN
THE DALLAS, FORT
WORTH METROPLEX AND JOINING US
NOW IS EDDIE
CEO AT EATING GREEN TECHNOLOGY
AND IT'S GREAT TO HAVE YOU WITH
US AT THIS AFTERNOON.
WE'RE HAPPY TO HAVE YOU ON THE
LOOKS LIKE YOU ACTIVISTS THE
RIGHT NOW
VERY COOL. EXPLAIN WHAT IS
GOING ON BEHIND YOU.
>> THE WHAT YOU'RE SEEING IS A
1.5 ACRE FACILITY THAT WE'RE
BREAKING GROUND ON ACTUALLY
IT'S THE ONE NEXT DOOR SARIN
THE FACILITY. BUT WHAT THESE
GREENHOUSES CAN DO IS THEY CAN
PRODUCE OVER 500 TONS THE
GREENS IN HERE IN JUST AN ACRE
AND A HALF.
>> THE ENVIRONMENTAL IMPACT OF
BASICALLY WE KNOW, YES GI
SCORES ENVIRONMENTAL SOCIAL
GOVERN IS SOMETHING THAT
COMPANIES ARE FOCUSING ON MORE
AND MORE TODAY LEAFY GREENS, WE
KNOW ARE GOOD FOR OUR DIET AND
THE ENVIRONMENT. TALK TO US
ABOUT THE BENEFITS TO SOCIETY
WITH THIS.
>> SURE THE ONE GREENHOUSE ONLY
CONSUMES 90,000 GALLONS OF
WATER
A YEAR WHICH IS EQUIVALENT TO 2
HOUSE AMERICAN IN IN THAT
CONSUMPTION
OF WATER. YOU KNOW WE CAN
PRODUCE 800,000 POUNDS OF LEAFY
IT'S INCREDIBLE THAT YOU CAN DO
THAT JUST ON AN ACRE AND A HALF
IN SPACE. SO WHEN YOU THINK
ABOUT WHAT THAT MEANS FOR.
URBAN POPULATIONS AND FOR
LOCALLY AND WE'RE ABLE TO
REDEFINE WHAT LOCALLY AND IN
THAT
IT'S ACCESSIBLE IN THAT IT'S A
CONSISTENT YEAR AROUND 11 TO 13
HARVEST A YEAR AND IT'S SAFE
BECAUSE IT'S SO CLOSE TO THE
END CONSUMER.
>> WHAT THE CONSUMER NOTICE,
A DIFFERENCE IN TASTE AFTER
LEAFY GREENS THAT ARE GROWN IN
A GREEN HOUSE VERSUS OUT IN A
FIELD SOMEWHERE.
>> NOW IT'S ACTUALLY THE TASTE
PROFILE OF OUR LEAFY GREENS IN
INERTIA BERRIES. IS SPECTACULAR
IT'S BECAUSE OF ITS PATENTED
THAT TECHNOLOGY
THAT ALLOWS THE PLANS TO GET
JUST THE RIGHT AMOUNT OF
NUTRIENTS. THE RIGHT AMOUNT OF
WATER AT THE RIGHT WATER
TEMPERATURE WITH THE LIGHTS
THAT THEY NEED TO GROW AWFULLY
SO THAT HIS PROFILE IS ACTUALLY
BETTER SOMETHING YOU'D YOU'D
TASTE ON YOU KNOW TRADITIONAL
FARM.
>> ABOUT THE THAT THIS THESE
LEAFY GREENS GET DISTRIBUTED
WHAT IS
THAT PROCESS LIKE AND ARE THERE
THEY'RE SAVING MECHANISMS ALONG
THAT ROUTE AS WELL.
>> YEAH SO YOU KNOW WE'RE OUR
VISION FOR IT IS THAT THERE
WOULD BE A NATIONAL NETWORK, IF
YOU WOULD OF GREEN HOUSES ALL
AROUND THE UNITED STATES
AROUND THE WORLD THAT ARE ABLE
TO LOCALLY GROWN FOOD AND WHEN
YOU CAN GROWTH FOOD NOT 2000
MILES AWAY BUT 20 MILES OR EVEN
2 MILES FROM A DISTRIBUTION
CENTER. THEN THEN YOU'RE
AUTOMATICALLY. SHRINKING DOWN
THAT SUPPLY AND SO YOU'RE
YOU'RE YOU'RE PROVIDING
A MUCH MORE CONSISTENT PRODUCE
AT A MUCH MORE REGULAR
TIMING AND FROM A SAFETY
PERSPECTIVE, IT'S JUST NOT
HAVING TO GO THROUGH THAT HUGE
SUPPLY
CHAIN ANYMORE. SO THERE'S A LOT
OF SAVINGS ALL THE WAY AND
THEY'RE FROM. FROM WASTE ALL
THE WAY JUST LOGISTICS AND
SUPPLY CHAIN.
>> AT 12 MILLION DOLLARS IN NEW
FUNDING CONGRATULATIONS HOW YOU
CAN USE THIS MONEY TO GROW.
>> SO WE'RE ACTUALLY A BUILDING
PARTIALLY BIBLE FACILITY HERE
IN CLEAVER AND THAT'S I THINK
THE BIG DIFFERENCE THAN US WITH
A LOT OF OTHER PRODUCERS
IS THAT WE'RE ACTUALLY MAKING A
COMMERCIALLY VIABLE PROFITABLE
GREENHOUSES THAT PEOPLE CAN
OWN SO AND WE'RE CALLING IT
GREENHOUSES THE SERVICE AND
WHERE WILL HELP BUILD WILL HELP
MANAGE AND OVERSEE AND TRAIN
STAFF AND THEN WE HAVE
TECHNOLOGY LICENSING FEE FOR
FOR PATENTED TECHNOLOGY, BUT IT
MEANS THAT ENTREPRENEUR LEAD
INVESTOR GROUPS, A RETAIL
RETAILERS GROCERS DISTRIBUTORS
AND EVEN GROWERS AS WELL AS
MUNICIPALITIES AND NATION
STATES CAN ALL IN THEIR OWN
GREENHOUSES. IN POWER AND THE
COMMUNITY AROUND THEM.
>> AS AN EXPERT IN HIS FIELD DO
YOU DO YOU ANTICIPATE THAT THAT
IS WHERE WE'RE GOING THAT
LITERALLY MUNICIPALITIES AND
STATES WILL ON THEIR OWN GREEN,
A GREEN HOUSES.
>> I THINK THERE'S A RISE IN
WHAT THEY CALL A CITY
RESILIENCY AND STATE RESILIENCY
AND THEN SUED INDEPENDENTS A
LOT OF AS NATION STATES ARE
REALLY INTERESTED IN FOOD
INDEPENDENCE FROM FROM
INTERNATIONAL
SUPPLY CHAINS. SO I THINK THERE
WILL BE A MOVEMENT FEEDING
THEIR YOU KNOW
FEEDING THERE. CONSTITUENTS AND
FEEDING THEIR PEOPLE IN A WAY
THAT MAY BE SUBSIDIZED. BUT
ALSO PROVIDES JOBS ALONG THE
WAY TOO. ONE OF OUR GREENHOUSE
IS CAN EMPLOY UP TO 30
FULL-TIME PEOPLE. IN IN THESE
GREENHOUSES AND STILL BE
PROFITABLE.
>> ARE YOU ADDING NEW STAFF AS
PART OF YOUR OWN EXPANSION.
>> WE ARE WE ARE ADDING NEW
STAFF BUT WE'RE REALLY MORE
INTERESTED IN IS SELLING THESE
TO YOU KNOW DIFFERENT ENTITIES
LIKE I MENTIONED EARLIER
AND SO A LOT OF THE CAPITAL
THAT WE HAVEN'T BEAT AWARDS.
HAVING THIS COMMERCIALLY BIBLES
FACILITY DOWN IN CLEVELAND THAT
PEOPLE
CAN SEE AND THEY CAN TASTE AND
THEY CAN TOUCH IT AND THEY CAN
SEE OK THIS THING IS ACTUALLY A
WORKING. NOT JUST ON PAPER NOT
JUST A PRO FORMA BUT IT'S AN
ACTUAL WORKING THAT SHOWS
PROFITABILITY AND
SUSTAINABILITY ALL AT THE SAME
TIME.
>> ALL RIGHT EDDIE OUT WE GOT
TO LEAVE IT THERE.