STOCK TITAN

Kalera As Stock Price, News & Analysis

KSLLF OTC

Welcome to our dedicated page for Kalera As news (Ticker: KSLLF), a resource for investors and traders seeking the latest updates and insights on Kalera As stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kalera As's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kalera As's position in the market.

Rhea-AI Summary

Kalera, a leader in vertical farming, has completed its largest facility in Atlanta, Georgia, on-time and on-budget. The 77,000-square-foot farm can produce over 10 million heads of lettuce annually. With planting already underway, the first harvest is expected in April, supplying local customers with fresh greens by Q2 2021. Kalera plans to expand further by opening five additional facilities across the US by early 2022, including in Houston and Denver, enhancing its position in the fast-growing vertical farming industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Kalera has announced the appointment of Sonny Perdue, former U.S. Secretary of Agriculture, to its Board of Directors. Perdue brings over 40 years of experience in agriculture and has also invested in Kalera during its latest financing round. His addition signifies Kalera's commitment to innovation in the vertical farming sector. The company recently acquired Vindara Inc, enhancing its capabilities in producing seeds tailored for vertical farming. Kalera aims to lead the industry with its technology-driven approach, focusing on sustainability and efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary

Kalera, a leading vertical farming company, has appointed Maria Sastre to its Board of Directors as part of its strategic expansion plans. With over 25 years of leadership experience in the food and tourism sectors, Sastre's expertise will guide Kalera through its growth phase, including its recent acquisition of Vindara Inc., which specializes in vertical farming seeds. Kalera aims to enhance customer access to high-quality, sustainable produce through its coast-to-coast facilities, utilizing advanced agricultural technology and a closed-loop irrigation system that conserves water.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

Kalera has appointed Maria Sastre to its Board of Directors to support its rapid expansion into new markets. With over 25 years of experience in the food, travel, and tourism sectors, Sastre brings valuable operational and customer service expertise. Her prior roles include leadership positions at Signature Aviation and Royal Caribbean Cruises. This appointment coincides with Kalera's acquisition of Vindara Inc., which develops seeds for vertical farming. Kalera operates two facilities in Orlando and plans to establish locations across major U.S. cities, leveraging a closed-loop irrigation system that reduces water usage by 95%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary

Kalera, a leader in vertical farming, has acquired Vindara Inc., a pioneer in non-GMO seeds tailored for indoor farming. This strategic acquisition aims to enhance crop yields, reduce grow cycles from 5-7 years to just 12-18 months, and lower production costs. Kalera expects to improve EBITDA and leverage Vindara's advanced seed development to expand its product offerings, including high-yield varieties of basil and strawberries. The move positions Kalera to dominate the controlled environment agriculture market and meet growing customer demands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Kalera (NOTC: KALERA, Bloomberg: KSLLF) today announced the appointment of two executives amid its national expansion. Marc Jennings takes the role of VP of Foodservice Sales, bringing over 20 years of experience, including leadership roles at Martin Preferred Foods and Cargill. Mark Gagnon joins as VP of Sales for Retail Accounts, leveraging over 30 years in major produce brands like Chiquita and Del Monte. Kalera aims to enhance its strategic partnerships and production capacity, planning to open several new facilities across the U.S., focusing on sustainability and efficiency in vertical farming.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Kalera announced the opening of its fifth indoor farming facility in Denver, Colorado, scheduled for 2021. This expansion reinforces Kalera's position as a leading producer of vertically-grown greens in North America. The new facility will create approximately 60 jobs and is part of the company's aggressive expansion strategy, which includes facilities in Orlando, Atlanta, and Houston. Kalera's high-yield farming model aims to deliver fresh, affordable produce with 300-400 times the yield of traditional farming methods while consuming 95% less water.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Kalera AS (Bloomberg: KSLLF) has engaged financial advisors Bank of America Merrill Lynch International, ABG Sundal Collier, and Arctic Securities to enhance its financial strategy and equity capital market approach. This decision comes as the company aims to accelerate its growth, with plans for an IPO in Oslo and/or Nasdaq. Currently operating two facilities in Orlando, Kalera is expanding to Atlanta and Houston, targeting urban markets for fresh produce. The company utilizes innovative vertical farming techniques for sustainable and efficient food production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the market cap of Kalera As (KSLLF)?

The market cap of Kalera As (KSLLF) is approximately 108.9M.
Kalera As

OTC:KSLLF

KSLLF Rankings

KSLLF Stock Data

108.86M
179.03M
7.18%
21.9%
Farm Products
Consumer Defensive
Link
Norway
Oslo