MightyVine to be acquired by plant agri systems
Added on 04 January 2023
Additionally, they will make use of the supply chain data platform used to create Plant’s goods and distribute them to customers using IBM’s blockchain-enabled technologies. Till 2023, Plant Foods will still sell tomatoes under the MightyVine brand in the Chicago metropolitan region. Customers may anticipate that the whole transition will be finished in early 2023, and the improved product will be offered for sale in time for summer cookouts.
According to Jim Murphy, founder of MightyVine, “Plant Agricultural Systems and MightyVine have the same purpose of giving people access to the greatest quality food possible. We also think that the resources and technology found in the Plant ecosystem provide creative and practical answers to the problems that now plague our food systems.” Murphy said that when Plant first approached MightyVine, the company was not looking to be acquired. Instead, Plant had captured MightyVine’s attention with his vision for the market, which was more intriguing than the transaction’s immediate worth.
This will turn the 30-acre property into a cutting-edge data center per the company’s statement. Artificial intelligence will assist production technicians by analyzing the most comprehensive crop-cycle data yet made accessible for vine crops. As part of the Phase-1 development for the United States, the Rochelle site is the first section of the Plant’s 1000+ acre footprint that serves the Midwest. This comes before the previously revealed Northeast Florida site, where Plant is investing up to $1 billion in the construction of production facilities for the Southeast United States.
Image provided by MightyVine