InFarm closes operations In UK, FR, NL, JP, FRA & CPH

InFarm closes operations In UK, FR, NL, JP, FRA & CPH

Infarm closes its operations in several countries. Last November, the company announced its intention to downsize and shut down some of its facilities to cut costs and streamline operations. At the time of the announcement, it was revealed that the facilities in Frankfurt and Copenhagen were set to be consolidated while operations in the UK, France, and the Netherlands would be downsized. Fast forward to February 9th of this year, and the company announced that it would be closing down operations in the UK, France, the Netherlands, and Japan.

The restructuring continued in April as the company announced the closure of its facilities in Frankfurt on the 6th and Copenhagen on the 14th. However, Infarm’s operations in the US, Canada, and other facilities in Germany are expected to remain (for now, at least). Last year, during Bloomberg’s event in Doha, Qatar, Infarm announced its plans to open a new facility by the end of the year, for which no updates have been given.

The recent opening of the InFarm’s facility in Bedford, UK, has marked a significant milestone for the business. The indoor vertical farm spans an impressive 10,000 sqm, making it the largest in Europe. The facility featured cutting-edge technology and state-of-the-art equipment, enabling the company to produce fresh, high-quality crops year-round, regardless of the weather conditions outside. 

In addition to opening the new facility, the company had strategically expanded its reach in other countries. The recent partnership with COOP in Denmark is a prime example of this. By joining forces with one of the largest supermarket chains in the country, the company had secured a strong foothold in the Danish market and expanded its distribution network. 

The future remains uncertain as the company tries to decrease its cash-burn rate to become profitable as soon as possible.

Image provided by InFarm



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