Use our online form to book an appointment with Dr. Webb. We're going to be based in Central Appalachia. I would not want to be one of those large operators and food today when you see the consumer trends changing as quickly as they are, and we feel very optimistic again about where our growth trajectory is. He is also becoming more involved with green shipping and is a council member of the London Shipping Law Centre. At one point, we were thinking of putting up a billboard in front of several large tech company offices saying, Come build tech that matters, Webb said. A full transcript follows the video. CSC Leasing: Non-dilutive Funding for AgTech Startups, Americas Cultivation Corridor: We Grow AgTech Innovation, As demand for protein grows Sustainable Planet bets on water lentils as a viable alternative to soya, How not to fail in vertical farming: Be on guard for hubris, say Indoor Ag-Con speakers, International Fresh Produce Association launches 2023 Fresh Field Catalyst Accelerator program, BREAKING: Perfect Day animal-free dairy patent in US challenged, What is the role of biotech in an ethical food system? "For us, at AppHarvest, this isn't just about a company. We're building these facilities here where we can access markets and get to about three-quarters of the U.S. on a day drive. The human spirit is willing to do a lot. more. Webb is an expert in reconstructive and arthroscopic surgery. Just wondering if you could share some of the highlights, some of the things you're proud of in regard to this earnings release, and your excitement here for the year to come. Executive Vice President and Head of Enterprise Development, Support Activities for Agriculture and Forestry, Contract Support (U.S. Army Office of Energy Initiatives), Intelligent Assistance and Bots Ecosystem. The method of farming uses technology like artificial intelligence and robotics to grow fruits and vegetables, producing 30 times the yield of traditional farming while using 90% less water, the company claims. Webb founded AppHarvest in 2017, and the company was certified as a B Corp two years later. The mission-driven approach Webb has prioritized is the companys main selling point both for investors and potential employees, whom he works to lure away from billion-dollar conglomerates. Webb grew up in Kentucky, and founded AppHarvest in 2017 after years in the solar development industry, based in New York. WebFounder & CEO, AppHarvest Kentucky native and University of Kentucky graduate Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. Your email address will not be published. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and AppHarvest Operations, Inc., Jonathan Webb is an entrepreneur who is Chairman & Chief Executive Officer of AppHarvest, Inc. and Chairman & Chief Executive Officer of AppHarvest Operations, Inc. (a subsidiary of AppHarvest, Inc.). The Great Resignation has not affected AppHarvest, because people who were leaving companies were leaving worthless companies that added no value to society, or were destroying society, Webb said. The show also discusses the benefits of Martha Stewart being on their board and how they plan get their products onto shelves. We're investing in our workforce. Same platform but with new and improved features. In 1985, he joined Bristol Rugby and won the John Player Cup. It's a nice evolution in the investing world that we care more and more about it. I think that's going to be something that just continues to get into the public's mind. Why is that important? AppHarvest is known for its approach to CEA, which Webb called the "third wave of sustainable infrastructure." AppHarvest, which went public in February in an IPO that brought it $475 million in gross proceeds, is an ambitious venture. I pay attention to my kids. AppHarvest raised $500 million on its balance sheet this year, went public on the Nasdaq, hired 400 people to work in its first facility, and brought its first product, beefsteak tomatoes, to grocery stores including Kroger, Walmart, and Publix. The Motley Fool owns shares of and recommends Tesla. AppHarvest is a unique and compelling investment opportunity that is redefining American agriculture by improving access for all to fresh non-GMO produce, growing more with fewer resources, and creating an agtech hub from within Appalachia, Novus chairman Bob Laikin said in a statement. The Motley Fool recommends AppHarvest, Inc. I graduated from the University of Kentucky. I was hoping maybe we could talk a little bit about that idea that you're farmers and futurists. We want to be at Wendy's, we want to be at Walmart. Webb left for college, eventually pursuing a career in renewables at the DOE, a space where he felt he could be part of the solution. But the economic devastation in his home state still bothered him. There's not going to be one food company feeding the world. We look forward to providing you with even more cutting-edge market research, as Topio Networks. St John Greek Orthodox Church Easter Schedule, 7 Residential Solar Maintenance Errors and How to Avoid Them, 4 Errors with Kitchen Renovations and How to Avoid Them, An Informative Guide to Livestock Transportation, A Tool That You Need If You are Into Live Stream. Well, you need water you need food, and you need energy. If I were an investor, Id want my CEO on the ground with the team, not just in an office tower, he said. The last thing I would say to that is whether or not we want to do it or not, the world is changing and regulators are approaching back. But then there's the other side, and introducing robotics that's operating on AI, that's collecting data in our facility and making data-driven decisions. Were investing heavily in our future, so were spending heavily today, he said. Webb is from Kentucky, where 16% of residents are You may opt-out by. I know you're busy. I like thinking about a future where AppHarvest and companies like you all are helping make our food supply not only here domestically, but really around the world better, more reliable, more transparent. Opinions expressed by Forbes Contributors are their own. 2023 Fortune Media IP Limited. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. WebThe following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jonathan Webb. With that difficult work that in mind, Webb has designed his company to grow as much produce as possible as sustainably as possible. It doesn't need to be one or the other, it needs to be both, and we're happy to be a bit of a public benefit corporation and B Corp certified. Amid the verdant rolling hills of central Kentucky, in the heart of Appalachian coal country, youll With significant tailwinds from heightened investor focus on ESG initiatives and the secular shift to plant-based foods, we believe AppHarvest is well-positioned to execute on its strategy for rapid growth and value creation, he continued. Then by the end of the year in 2022, we'll have five facilities operating. We're selling to Kroger, we're selling in fast food chains like Wendy's. Yes, we're using nature for what it's good. Making the world smarter, happier, and richer. Invest better with The Motley Fool. Jonathan Webb is a specialist knee surgeon and a former English rugby union fullback. According to AppHarvest's earnings report released Feb. 24, the company had net sales of $9.1 million and net loss of of $166.2 million in 2021. Later, in 1993, he relocated to the United Kingdom, where he completed his LLM. We use bees to pollinate our plans. The system it uses reportedly reduces water usage by 90% compared to traditional open-field agriculture, while also eliminating runoff. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your bedroom should be a serene place for you to feel rested and rejuvenated. CEOs can get lazy and only worry about the last 90 days; thats easy. Webb supported a large-scale solar project in Virginia while he was employed by the U.S. Department of Defense. On this week's episode of Industry Focus: Wildcard, host Jason Moser chats with AppHarvest (APPH) founder and CEO Jonathan Webb about the growing opportunity in the agtech space, what makes AppHarvest unique, his vision of the future of farming, and much more. could be sentient says Microsofts chatbot feels like watching the Shark Tank investor Kevin OLeary says a new generation of employee has never worked in an officeand its totally I cant afford to sell because I dont want to lose that rate: 3% mortgage rates will loom large over the U.S. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Follow him on Twitter to get more updates. Other AppHarvest investors include TV cook Martha Stewart, VC veteran Peter Thiel, ValueAct Capitals Spring Fund, Revolutions Rise of the Rest Seed Fund, Equilibrium Capital, and Narya the new VC firm co-founded by JD Vance, author of best-selling Appalachian memoir Hillbilly Elegy. Is that drought going to impact yield and you don't end up being able to get product to the grocery store? He has published numerous papers on the topic of knee ligament injuries, arthroscopic surgery, and other techniques. Moser: Yeah. That's our headquarters. I don't want to keep you all day, but before we wrap it up, I did want to talk to you a little bit about ESG, environmental sustainability governance issues. It sounds like there's a lot of potential there. To make the world smarter, happier, and richer. I think you really keyed in on something important there, a 30-year journey. Webbs England career totaled 67 points, breaking Hodgkinsons 60-point record. Follow her on Twitter at @BrookeDiPalma or email her at bdipalma@yahoofinance.com. Dr. Webb graduated at the University of California San Diego School of Medicine. To get started investing, check out our quick-start guide to investing in stocks. But the production we've left in the US is being grown in areas that are running out of water. Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. AppHarvest which raised $28 million in its Series C round in August is launching what it describes as the worlds largest greenhouse later this year, consisting of a 2.76 million square foot facility in Morehead, Kentucky.
My Mischievous Fiancee Drama Cool,
Haworth Country Club Membership Fees,
Articles J
