Vertical farming company Infarm has been declared bankrupt in the Netherlands, according to official documents. The news comes after the company closed operations across its key markets in the UK, France, Germany, the Netherlands and Denmark over the last year, completely exiting the European market. At the end of last year, Infarm laid off more than half its staff to downsize operations. Infarm grows salad leaves, herbs and other vegetables in vertical farms and sells them to supermarkets, restaurants and wholesalers. It is reported that the company has raised more than $470 million in total from investors, including Astanor Ventures, Qatar Investment Authority and Balderton. This is the latest in a string of bankruptcies for indoor cro…

Read the full article at: https://www.foodbev.com/news/infarm-s-dutch-branch-declared-bankrupt