Despite facing struggles and several bankruptcies among vertical farming companies, AeroFarms has recently achieved profitability under new leadership. CEO Molly Montgomery initially had doubts about the viability of vertical farming but recognized AeroFarms' potential after conducting thorough due diligence. The company has been selling microgreens successfully at major retailers, indicating a shift in the narrative surrounding indoor farming. Montgomery believes that with the right technology and operational practices, vertical farming can become both sustainable and efficient, addressing previous concerns about profitability in the sector.
"We’ve now demonstrated that vertical farming can be sustainable and profitable and deliver product at scale," says Molly Montgomery, CEO of AeroFarms.
"I was extremely skeptical about vertical farms because I had never seen a profitable business model yet," remarked Montgomery, reflecting on her prior doubts.
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