Freight Farms customers find a new home as vertical farming co Growcer acquires the formers assets

▤ Summary

Growcer won the bid to acquire Freight Farms’ assets for $2.6 million after Freight Farms shut down operations. The deal includes intellectual property, customer lists, and inventory, and Growcer plans to continue support for existing customers. Growcer also expects to bring back some former Freight Farms employees and offer additional modular food-hub products. The company sees the transaction as a way to expand in the US and to sell more systems to current customers who may add farms.

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