- Modular indoor farming is expected to grow to $9.7 billion worldwide by 2026
- The “Times” reports that controlled-environment agriculture, including indoor farms, is attracting venture capitalists
- ACT’s Grow Pods are essentially micro-farms that can be placed anywhere and allow cultivation 365 days a year
Modular indoor farms are expanding as the demand for year-round produce steadily increases, reports the “New York Times” last week (https://cnw.fm/0zpqd). That upward swing is not news to Advanced Container Technologies (OTC: ACTX), a savvy company that has been pioneering the idea through the distribution of self-contained, automated, indoor micro-farms called Grow Pods.
“Vertical farming is expected to grow to $9.7 billion worldwide by 2026, from $3.1 billion in 2021, according to ResearchAndMarkets.com, a data analysis firm,” states the “Times.” The article went on to report that a recently constructed 95,000-square-foot warehouse in Compton, California, “ticks off all the boxes for ideal storage,” including 32-foot-high ceilings, a secure truck court and access to truck routes. “But it won’t be used for cargo or storage,” the article noted. Instead, the huge warehouse is an indoor vertical farm, expected to open later this year.
“At a time when supply chain disruptions continue to slow distribution, consumers embrace healthy eating habits and climate change is expected to affect crop yields, a practice known as controlled-environment agriculture, including indoor vertical farms relying on artificial light and technology, is attracting venture capitalists,” the article continued. “Pitchbook, a financial data and software company in Seattle, tracked 33 deals worth nearly $960 million in 2021, up from $865 million the year before and $484 million in 2019.”
Few companies are more ideally suited for success in this growing space than Advanced Container Technologies. The company is the sole distributor of Grow Pods, which are advanced, self-contained hydroponic containers manufactured by GP Solutions Inc. (https://cnw.fm/NZPMi). “These innovative automated systems are essentially micro-farms that can be placed virtually anywhere and, with their controlled and specially filtered environment, allow cultivation of a wide variety of crops, 365 days a year,” states the company.
The controlled environment of a Grow Pod offers major advantages for companies looking to produce high-value crops, including the ability to grow produce year-round and the ability to cultivate in a smaller footprint using less water and power. “Grow Pods offer constant temperature, humidity and airflow control, as well as automated watering and lighting schedules for optimal growth and minimal labor requirements, regardless of crop,” says ACT.
Advanced Container Technologies is in the business of selling and distributing Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented, proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids.
For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.