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The Latest Breaking News from AppHarvest

GOP pro-labor rebrand exposes hypocrisy

JD Vance seeks union support as reports reveal workers at start-up he funded faced “nightmarish conditions"

Salon

Startup backed by Vance had ‘nightmare’ conditions with workers toiling in 128-degree heat, ex-employees say

Several former staffers said the company made promises of creating local jobs but soon hired migrant workers from Mexico and Guatemala

The Independent UK

A colleague who worked with J.D. Vance at Mithril doesn't remember seeing him in the office

Vance’s VC résumé comprises three firms in six years, and his time at Mithril Capital coincided with the takeoff of his memoir "Hillbilly Elegy."

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

The “greenhouse effect”: How an oft-touted climate solution threatens agricultural workers

Many farms, from buzzy vertical farming startups to traditional specialty crop growers, are marketing greenhouses as a way to shelter crops from climate extremes

The Independent UK

Trump choice J.D. Vance could be win for Peter Thiel, venture capital

Vance is the first former venture capitalist on a major party ticket since Mitt Romney. His footprint is mostly tied by association to his biggest backer, Peter Thiel.

Fortune

AppHarvest facilities throughout central and eastern Kentucky have new owners

The sites are located in Morehead, Richmond, Berea, and Somerset.

WEKU

Financial famine hits AppHarvest

A major eastern Kentucky employer has filed for chapter 11 bankruptcy protection. Appharvest employs about one thousand people throughout the region. Officials at the agri-tech company announced the bankruptcy last week.

WEKU

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AppHarvest files for chapter 11 bankruptcy

Officials say they have funding to keep the business running as usual for the next 60 days at three of their facilities in Morehead, Richmond, and Somerset.

WEKU

AppHarvest is facing a lawsuit that could lead to the foreclosure of their Richmond facility

The lawsuit was filed in Madison County on May 30th by the investment company Equilibrium Capital.

WEKU

Today’s Interview: Central Appalachian agri-tech company AppHarvest undergoes change in the new ye

Interview with AppHarvest spokesman Travis Parman

WEKU

Futuristic Vertical Farming Startups Are Struggling in the Tech Downturn

These companies promised a revolutionary way to deliver fresh food to cities. It turns out that’s very expensive.

Businessweek

JD Vance's firm invested in food company now facing lawsuits

A high-tech sustainable food company in Appalachia that was promoted by JD Vance and financed with help from his venture capital firm is facing five lawsuits alleging it misled investors

The Independent UK

Looking Into AppHarvest's Return On Invested Capital

According to data from Benzinga Pro, during Q1, AppHarvest's (NASDAQ:APPH) reported sales totaled $5.16 million. Despite a 65.34% increase in earnings, the company posted a loss of $30.64 million.

Benzinga

Earnings Outlook For AppHarvest

AppHarvest (NASDAQ:APPH) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that AppHarvest will report an earnings per share (EPS) of $-0.33.

Benzinga

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Benzinga

EXCLUSIVE: Is AppHarvest The Answer To Rising Food Security Concerns?

Commodity prices are soaring amid rising geopolitical pressures, which have led to supply disruptions across the globe. AppHarvest Inc (NASDAQ: APPH) represents the opportunity to create food security in the United States, according to AppHarvest President David Lee.

Benzinga

AppHarvest Stock Plunges After Preliminary FY21 Results

AppHarvest Inc (NASDAQ:APPH) reported preliminary FY21 net sales and non-GAAP Adjusted EBITDA at the higher end of guidance. The company expects FY21 sales of $8.9 million - $9.1 million (consensus $8.53 million) versus the previously announced outlook of $7.0 million - $9.0 million. Meanwhile, AppHarvest expects FY21 net loss of $(170.0) million -…

Benzinga

Why AppHarvest Shares Are Falling

Appharvest Inc (NASDAQ: APPH) shares are trading lower by 22% at $2.66 after the company reported preliminary FY2021 sales guidance.

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