# AeroFarms

acquired in April 2026 by an affiliate of Palm Ventures, which reduced debt and retained the 140,000 sq ft Ringgold microgreens facility under new CEO Gustavo Burger.

Source: https://en.bioecon.ru/companies/aerofarms/
Updated: 2026-07-08

- Country: United States

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | Acquired by affiliate of Palm Ventures in April 2026 | https://cardinalnews.org/2026/06/11/microgreens-grower-aerofarms-acquired-by-investment-firm/, https://www.prnewswire.com/news-releases/aerofarms-acquired-by-an-affiliate-of-palm-ventures-positions-us-microgreens-leader-for-expanded-distribution-and-long-term-growth-302798041.html |
| Capacity | 140,000 sq ft facility in Ringgold, Virginia | https://cardinalnews.org/2026/06/11/microgreens-grower-aerofarms-acquired-by-investment-firm/, https://www.agritecture.com/blog/understanding-cea-investment-risks-after-the-aerofarms-collapse, https://www.producegrower.com/news/aerofarms-palm-ventures-acquisition-microgreens/ |
| Certification | Certified B Corporation | https://www.businesswire.com/news/home/20250807200864/en/AeroFarms-Raises-Equity-to-Fund-Pre-Construction-Activities-for-Second-Farm-Refinances-Debt-to-Support-Ongoing-Operations-in-Danville-Virginia, https://www.prnewswire.com/news-releases/aerofarms-acquired-by-an-affiliate-of-palm-ventures-positions-us-microgreens-leader-for-expanded-distribution-and-long-term-growth-302798041.html, https://www.producegrower.com/news/aerofarms-palm-ventures-acquisition-microgreens/, https://www.thepacker.com/news/how-aerofarms-new-ceo-plans-bring-cpg-playbook-indoor-agriculture |
| Production site | Ringgold, Virginia (Cane Creek Centre) | https://cardinalnews.org/2026/06/11/microgreens-grower-aerofarms-acquired-by-investment-firm/, https://virginiabusiness.com/aerofarms-danville-new-owners-near-shutdown/, https://www.prnewswire.com/news-releases/aerofarms-acquired-by-an-affiliate-of-palm-ventures-positions-us-microgreens-leader-for-expanded-distribution-and-long-term-growth-302798041.html |
| Headcount | 133 employees as of March 27, 2026 | https://cardinalnews.org/2026/06/11/microgreens-grower-aerofarms-acquired-by-investment-firm/, https://virginiabusiness.com/aerofarms-danville-new-owners-near-shutdown/ |

Independent sources: agritecture.com, businesswire.com, cardinalnews.org, prnewswire.com, producegrower.com, thepacker.com, virginiabusiness.com

## Technologies

- [Urban & vertical farming](https://en.bioecon.ru/technology/urban-vertical-farming/)