Kalera Announces a Bridge Financing Facility

/ share in the merged entity. Kalera, working closely with Agrico Acquisition Corp (“Agrico”), continues to pursue additional strategic financing alternatives as it progresses toward its merger with Agrico. Curtis McWilliams, Interim CEO said, “This agreement is a positive step forward for our business and highlights the ongoing growth and momentum in the underlying demand for our products. The closing of this loan provides us with the additional funding to invest in our business and...

ORLANDO, 07/03/2022 (informazione.news - comunicati stampa - cibi e bevande)

/ share in the merged entity. Kalera, working closely with Agrico Acquisition Corp (“Agrico”), continues to pursue additional strategic financing alternatives as it progresses toward its merger with Agrico.

Curtis McWilliams, Interim CEO said, “This agreement is a positive step forward for our business and highlights the ongoing growth and momentum in the underlying demand for our products. The closing of this loan provides us with the additional funding to invest in our business and strategically position us to deliver against our long-term objectives.”

About Kalera:

Kalera is a vertical farming company headquartered in Orlando, Florida. The company produces fresh, nutritious, and excellent tasting leafy greens with minimal environmental impact. It has spent several years optimizing plant nutrient formulas and developing an advanced automation and data acquisition system with Internet of Things, cloud, big data analytics and artificial intelligence. Kalera currently operates farms in Orlando (Florida), Atlanta (Georgia), Houston (Texas), and Kuwait. More information is available at https://www.Kalera.com/ .

Eric Birge
ir@kalera.com
313-309-9500