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Vertical farming 'unicorn' Bowery to shut down

Added on 12 November 2024

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Vertical farming 'unicorn' Bowery to shut down
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Bowery, a vertical farming startup focused on producing lettuce and other leafy greens, is shutting down, despite having raised more than $700 million in venture capital.

The big picture: This is just the latest vertical farming company to crater, following bankruptcies of AeroFarms and AppHarvest, as consumers proved unwilling to pay high premiums for "cleaner" produce.

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