Cold Foods Industry News

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Plenty, South San Francisco, selected Compton, Calif., for its next vertical farm.

Sole Source Capital LLC (SSC), Santa Monica, Calif., acquired a majority interest in Worldwide Produce (WWP), Los Angeles.

Tyson Foods, Inc., Springdale, Ark., partnered with Proforest, UK, to conduct a deforestation risk assessment across its global agriculture supply chain.

Gotham Greens Holdings, LLC, Brooklyn, N.Y., announced plans to open a state-of-the-art greenhouse in the Denver, Colo., area in early 2020.

Whitehall Specialties, Whitehall, Wis., formed a new plant-based division called NewFields Cheese.

The Maschhoffs LLC, Carlyle, Ill., acquired a pod of sow farms, nursery and finishing space, a feed mill and a truck wash in Albin, Wyo.

The market for cannabidiol (CBD) products may be booming, but new research released by the Grocery Manufacturers Association (GMA), Arlington, Va., shows that consumers are confused about what CBD is, what it does and whether CBD products are safe.

Limoneira Co., Santa Paula, Calif., launched Nature’s Pharmacy, a new consumer app designed to educate consumers on using food as medicine.

Flowhub, Denver, Colo., raised a $23 million Series A financing round led by e.ventures, San Francisco; Evolv Ventures, Kraft Heinz’ Chicago-based venture fund; and Poseidon Asset Management, LLC, San Francisco, with contributions from 9Yards Capital, San Francisco; former NBA commissioner David Stern and Iqram Magdon-Ismail, co-founder and former CEO of Venmo, New York, among others.

Springdale Ventures, Austin, Texas, announced plans to expand its first fund to $25 million based on achieving close to nearly $20 million in 6 months.