InFarm closes operations In UK, FR, NL, JP, FRA & CPH
Added on 18 April 2023
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