Recently, the Dutch branch of Infarm, which had already scaled down its activities in the Netherlands, was declared bankrupt. The vertical farming company had already been granted a deferment of payment. That suspension status has now been converted into bankruptcy. The company was registered as Infarm – Indoor Urban Farming B.V., which is no more.
The Infarm team let VerticalFarmDaily know that “The core trading operations, including our farm in Toronto, are not impacted by the group restructuring. This restructuring is aimed at bolstering the business for the future, and we will be sharing some exciting updates on these developments very soon.”
According to Crunchbase, the company has raised more than $604,5 million in the past years. Infarm is one of the vertical farms that’s been hit by some storms last year. The company had to lay off employees and close down operation facilities due to the ongoing energy crisis in Europe and beyond.
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