With that difficult work that in mind, Webb has designed his company to grow as much produce as possible as sustainably as possible. We dont see it as losing money for losing moneys sake; developing that tech is investing in our future.. We look at them over the course of time, years, and hopefully, decades we can be a part of that journey with you all. He is also becoming more involved with green shipping and is a council member of the London Shipping Law Centre. Its flagship facility is a 60-acre indoor farm in Morehead, a town of 8,000 in the foothills of the Appalachian Mountains, and it solely uses rainwater for its irrigation. Moving forward, AppHarvest is focused on bringing its beefsteak and on-the-vine tomatoes to market. Jonathan Webb poses with celebrity investor Martha Stewart and some of his signature tomatoes. I think they certainly will be. He scored 296 points for England and played in two Rugby World Cups including the 1991 final. Other AppHarvest investors include TV cook Martha Stewart, VC veteran Peter Thiel, We are about to plant our first crop in a 60-acre, controlled environment, chemical-free farm. We're feeding our country with people in Mexico who are making $5 a day. Again, if we look at agriculture, there's a lot of trouble in our current agriculture system and we can use ESG metrics to clean up our food supply and create better food systems. Were investing heavily That greenhouse is just the proof of conceptAppHarvest has broken ground on two more that will be just as impressive. I have a 16 and then going on 15-year-old daughters. It hopes to expand into leafy greens, berries, cucumbers, and bell peppers in the future. He noted that in traditional agriculture, most everything happens incrementally, But now is not a time for incrementalism the thing that needs to be added to that recipe is folks [like Webb] that want to be aggressive in getting us ready for a world where its hard to grow crops.. I mean, all of the stuff that you just talked about really does matter. I don't know that we're going to have enough time, but let's just start first and foremost this is one of our most recent recommendations in our service. Webb: Well, I'll start by saying, anyone that is growing good, clean produce, without harsh chemical pesticides, I try to call them my colleagues, not competitors. Webb doesnt mince words on the specifics; the most valued companies in 100 years, he said, will be the ones that allow humanity to survive. He names a few: electronic vehicle manufacturers, renewable energy companies. Location: Pikeville, KY. Add to My Lists. It feels like this is something that really is just getting some traction here. I'm sure it was an exciting time. You have climate disruption. sold to the top 25 U.S. grocers. He often sleeps in an RV outside the construction site of its second facility. Look at the open fields in Mexico. You mentioned your children. We dont have two planets though, so Webb got creative. I made the point at one point in regard to AppHarvest. One of AppHarvest's Crop Care Specialists operates a tomato-picking robot. Follow him on Twitter to get more updates. We dont talk about this at all in the US. If I can sell you a grocer, a product at around the same price, what are we solving for? To do that and look out for the long term is true sustainability, or resilience., Webb, who began his career developing renewable energy projects for the U.S. Army, believes any company is either part of destroying the planet or part of rebuilding its industry to align with the planet: I think its our obligation as CEOs to build companies that create long-standing values.. Webb: Regulators are pounding on them, consumers are pounding on them. ET More on the future of agriculture and vertical farming innovator S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Webb: You said you didn't want to talk the rest of the day about ESG, right? That's not the conversation at all. Jonathan has a Bachelors degree from the University of Kentucky in Business. How do you feel about coming public a lot earlier than you probably would've normally? Were building important stuff with long-standing value, so the Great Resignation has actually helped us acquire talent.. You can also compare Dr. Webb with other orthopedic surgeons in Eau Claire to find the one that best suits your needs. We've been very fortunate and humbled that the Root AI team is fully a part of the AppHarvest team building robotics that's operating on AI, collecting data. Its the single largest LED installation in the United States despite using constant passive solar, waters its plants using recycled rainwater, employs an integrated pest management system to avoid any pesticides, has a 30x higher production yield than traditional open field agriculture, and has the ever so modest goal of transforming the future of agriculture. That's right -- they think these 10 stocks are even better buys. You talk about sustainable. The history of the world is in many ways the history of technology, and of our reactions to it. That narrow focus on societal good is what has kept AppHarvest fully staffed throughout the pandemic. Jonathan Webb, Founder & CEO, AppHarvest A full transcript follows the video. We've had one of our wettest decades on state record. These food companies today are like the cigarette companies 40 years ago. Jonathan Webb, AppHarvest Inc: Profile and Biography Jonathan Webb Its easier than ever to find a trustworthy doctor. The company is building some of the largest indoor farms in the world, combining conventional agricultural techniques with todays technology to grow non-GMO, chemical-free produce to be. Appharvest has We always talk about investing for the future because that's really what investing is all about. His Twitter account is one of the most popular on the social network. WebThe following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jonathan Webb. Webb founded AppHarvest in 2017, and the company was certified as a B Corp two years later. AppHarvest AppHarvest AppHarvest Jeff Ubben on investing in AppHarvest - CNBC Webb made a second appearance for England, and reached the final. You have labor concerns. Part of it is that building big stuff fast in the US is very hard. How excited are you to bring that Root AI company in their leadership into your family? Webb: Well, thank you and thank you for having me, and we've got a lot of work to do here, but I can assure you we're head down building and look forward to continuing the conversation another time. Webb founded it in 2017 in his native Kentucky; it became a certified B Corp two years later. He has many impressive accomplishments. Once operational, it will ship 45 million pounds of fresh produce annually to grocery stores in the Midwest and Southeast. Part of it is we're building companies not just for today and not just for the quarterly earnings call today, we're building this company for the next generation. When he says sustainable, he doesnt just mean that in an environmental sense. He has over 100 civil and criminal jury trials and has represented clients in counties across Georgia. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address We were just talking earlier and you mentioned how you're in the DC area, it was fortunate that we had Steve Case, the founder of AOL, and he fundraised the rest. Dr. Webb graduated at the University of California San Diego School of Medicine. The deal is slated to bring in $475 million in gross proceeds for Kentucky-based AppHarvest, including a private investment in public equity (PIPE) transaction worth $375 million from existing and new investors including Fidelity Management & Research Company, Inclusive Capital, and Novus. But its confident in its approach. His final international was against Ireland in March 1993. Well, you need water you need food, and you need energy. Thank you for accessing our content on the Topio Networks Market Intelligence Center. "It's hard to be the one that's looking two decades down the road while thinking of the here and now.". AppHarvest We use completely recycled rainwater. We talk about how, We can also do it by returning investors to our shareholders. I've tried to say, we have a team that looks at this as this is our 30-year journey here at AppHarvest. They can be competitive. Moser: That's going to do it for us this week, folks. There won't be one automotive company transporting the world. WebJonathan Webb. Also referred to as blank check companies, the mechanism has existed for several years but has received increased attention of late. As founder and CEO of AppHarvest, Ive been listening to a podcast called The Future of Farming and Investing, where Jonathan Webb discusses how AppHarvest has built a three-million-square-foot indoor farm, twice as large as Amazons largest distribution center. Powered and implemented by Interactive Data Managed Solutions. It made good logistical sense since Kentucky is within a days drive of 70% of the United States, plus there was an untapped labor force there ready and waiting to be hired. Its first crop will be non-GMO tomatoes, which will be provided to a number of US grocers. Then by the end of the year in 2022, we'll have five facilities operating. "Greenwashing" Doesn't Work: Jonathan Webb, Founder & CEO, He has successfully completed over 200 operations using the Mako machine. The private markets can be a part of every solution we have that we're seeing today. When is it going to be able to ship? In the back of his mind, he wondered what he could do to help. Webb was also the first LPGA player to win $1 million in a single season, finishing first on the year-end money list. I mean I'm glad you keyed on the fact this is a global situation, it's a global issue. Because our services are focused on technology, 5G connectivity, and all of the different benefits we're going to get from that. I watch them, I watch their friends, the things that they care about. ", As a CEO, Webb admitted that this focus on the long-term outlook has not been easy to prove to Wall Street, especially when compared to those who are "selling a worthless product that's not good for people and not good for planet and arguably questionable for shareholders. It's nearly impossible to have full transparency. Jason Moser has no position in any of the stocks mentioned. The fired Google engineer who thought its A.I. Fresh Take: A Make-Or-Break Food Trade Show, Inside The Food Labor Movement: An Update From Starbucks Front Lines, Its The Gourmet Toast Driving Expansion At Toastique, Fungi-Based Protein Company Meati Launches Scientific Advisory Board To Support Scale-Up, Nutrition Research, City Saucery Takes Pride In Its Ugly Tomato Sauces, By Helping The Ukrainian Community In Manhattan, Veselka Earns A James Beard Nomination For Outstanding Restaurant, French Wine Region Bourgogne Should No Longer Be Translated To Burgundy. Moser: Well, you said it on the call. Typically, you would do 40 to 60 meetings to get a couple of investors. If you look at the largest grocers in the U.S., we're selling to Kroger, Walmart, Publix, and we're selling to Wendy's. AppHarvest Founder & CEO on company's public debut via SPAC We're really in the business of packaging up water and then shipping that out to major markets and then beyond that execution at scale. Accomplish what they wanted to pursue? If were all doing that, we have a pretty phenomenal organization.. On this week's episode of Industry Focus: Wildcard, host Jason Moser chats with AppHarvest (APPH) founder and CEO Jonathan Webb about the growing opportunity in the agtech space, what makes AppHarvest unique, his vision of the future of farming, and much more. All Rights Reserved. Jason Moser: It's Wednesday, May 26th, I'm your host, Jason Moser, and we've got a terrific interview to share with you on this week's Wildcard Wednesday show. Here are five relaxing scents you can use in your bedroom. Prior to founding AppHarvest, Jonathan supported the Executive Director of the Army Office of Energy Initiatives to help meet the White House goal of supplying 20% of the Department of Defenses electricity usage from renewable "And we don't think we could do that if we weren't in the public markets.". WebJonathan Mark Webb net worth is $800,000 Jonathan Mark Webb Wiki: Salary, Married, Wedding, Spouse, Family Jonathan Webb is an actor, known for Graffiti Bridge (1990), In The world's food and agriculture problems are not going to be solved overnight. The project aimed to help achieve an Obama-era goal of ensuring the militarys hundreds of installations develop resilient on-site power generation and receive 20% of their electricity from renewable sources by 2025. This is becoming really a hot-button topic for a lot of investors, rightly so. The human spirit is willing to do a lot. Ten years ago, Tesla made electric vehicles popular in the mainstream, and right now, it's controlled environment agriculture. Although his net worth is impressive, its important that you remember that he doesnt have to act alone to be wealthy. We're a public benefit corporation, and we're B Corp certified. I'd tell you, we go through tomatoes, handover, [] in my house alone, I'm sure. Jonathan Webb - Insider Trading Tracker - Fintel WebFounder & CEO, AppHarvest Kentucky native and University of Kentucky graduate Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. That to me, was in a nutshell what it's all about. Use our online form to book an appointment with Dr. Webb. I mean, I think that kind of speaks for itself. But then there's the other side, and introducing robotics that's operating on AI, that's collecting data in our facility and making data-driven decisions. Let's prove to the world what we're doing through results and even that, our first quarterly earnings call today, there's a level of rigor that you're acquired through the public markets. AppHarvest CEO envisions 'couple-decade journey' after going public 20years ago it was renewable energy. As investors were looking for the biggest market opportunities we can find, market opportunities that are growing. I write about the future of food, business, and culture. The agriculture-tech startup raised $250,000 in its first round of seed capital in February 2018, AppHarvest CEO and founder Jonathan Webb told Insider. No. WebGet Givens McNeill's email address (g*****@windstream.net) and phone number (972988.) at RocketReach. We're selling to Kroger, we're selling in fast food chains like Wendy's. "We have the capital we need and we're focused on building and operating, and just head down on execution," Webb said. But if you look at the world, China and India account for 40% of the world's population. This company has plans to open two additional indoor farms in Kentucky and has already announced partnerships with the Dutch government and multiple universities to make Appalachia a hub for the agtech industry. WebGet Chad Hill's email address (c*****@appharvest.com) and phone number at RocketReach. His fund's based in DC, we had them as early investors. I want to know what the problems are from them, not just our executive team. Those robots have collected the worlds largest data set of tomato images, and each one is equipped with cameras and a laser that creates a 3D scan of the crops in front of it to determine what needs to be done at any given moment. Webb started his professional career in 1989 as a Durban maritime lawyer firm. Of course, the future is what really matters. We just want to be one of those and we're cognizant that there's going to be plenty of large players. He represented his country in 33 Test matches and played for Bristol and Bath. He has become a prominent social media star. All of our water is captured on our roof. I did want to know here because I saw this in the earnings release and I just thought it was one of those quotes that stood out to me from Mastronardi, your distributor. You've had fast-food chains, that is one of the biggest risk to a grocer is the paranoia and being terrified of where that product is being grown. Jeff Ubben, Inclusive Capital Partners founder and AppHarvest investor, and Jonathan Webb, AppHarvest CEO, join 'Closing Bell' to discuss what makes AppHarvest more. In addition to his numerous social media fans, Jonathan Webb has also embraced a low-key approach to his career. I don't want to keep you all day, but before we wrap it up, I did want to talk to you a little bit about ESG, environmental sustainability governance issues. If you look at the grocery and then you go, wait a second. We have one farm right now thats 2.8 million square feet. Talk a little bit about what ESG means to you and some of the things that you've done, because corporately you set your business up to be able to account for some of that transparency and whatnot. We're going to be based in Central Appalachia. Running AppHarvest this way definitely creates extra workthe company even has facilitators who help employees navigate unexpected life events that might prevent them from coming to workbut its work Webb considers essential. In our first month or two, we're already at all those outlets. The nonprofit organization he founded is still in operation today, and he continues to serve as Board Chair. But the journey hasnt been without pitfalls. For young people, we've invested heavily in high school education here in this region and part of it is, we're not just building facilities, we're building an ecosystem and part of that is change the narrative that farming is simply outdoors and on a tractor, we very much respect American farmers, we have great respect for the four-season farmer that's putting food on our table but we have to get young people to think, the average age of the American farmer is about 60 years old, and so for us by investing in high schools, it's teaching young people you're operating a farm with an iPhone and iPad using industrial sensors, with robotics operating on AI. I want to figure out what I can do, as CEO, to ensure everyone has the resources to succeed. Jonathan Webb grew up in Kentucky and has been committed to developing sustainable projects from Central Appalachia. Webbs England career totaled 67 points, breaking Hodgkinsons 60-point record. Photo credit: US controlled environment agriculture (CEA) startup, has announced a merger with NASDAQ-listed special purpose acquisition company (SPAC), The deal is slated to bring in $475 million in gross proceeds for Kentucky-based AppHarvest, including a private investment in public equity (PIPE) transaction worth $375 million from existing and new investors including, I cant say this was the exact plan but what accelerated all of this was Covid-19, AppHarvest CEO Jonathan Webb told, . In light of the challenges AppHarvest has faced in its early stages, Webb expressed hope that younger generations like Gen Z and millennials would continue to innovate and "fight through" any obstacles in their way. Our team is built to scale and you look at where we're at today, we've launched our first facility. To get started investing, check out our quick-start guide to investing in stocks. Jonathan Webb, a Maryland attorney, has experience in criminal defense and DUI/DWI defense. AppHarvest raised over $475 million in a public IPO, but it is not over. We're going to be headquartered in Central Appalachia, execution at scale here in the U.S. but this is a global problem that we've gotten phone calls from around the world about how and when we can take our solution and go elsewhere. Prior to founding AppHarvest, Jonathan supported the Executive Director of the Army Office of Energy Initiatives to help meet the White House goal of supplying 20% of the Department of Defenses electricity usage from renewable sources by leveraging private sector capital for the projects. To me, at least, it feels like we are at the [] of a disruptive phase here, and a lot of that is thanks to technology. Theyre designed to be safe around people. A former England international, he reached the World Cup Final in 1991 and was a two-time grand slam champion in the Five Nations. Later, in 1993, he relocated to the United Kingdom, where he completed his LLM. That lowers transportation costs by 75%, allowing AppHarvest's fresher produce to better compete against low-cost foreign imports. The Motley Fool owns shares of and recommends Tesla. Karrie, on the other hand, has not disclosed her salary or income. Now, we want to turn this region into an area of the country that's known for sustainable food production, but beyond just loving the place, I'm from Kentucky, beyond just loving this area, we can get to three quarters of the U.S. on a day drive. Get the latest news and research from AFN & AgFunder in your inbox. WebAppharvest (: ) is owned by 29.32% institutional shareholders, 30.67% Appharvest 40.01% retail investors. That's our headquarters. But I think there are a lot of benefits that come with that. He studied history and economics at the University of Cape Town, and obtained a Bachelor of Laws and post-graduate diploma in maritime law from the University of Natal. People are becoming more and more aware of where they get stuff and for people that question how quickly a sector can transition, I have a lot of friends that worked in the coal industry. I was really excited to be able to recommend it after all of the work I had done on the business, learning more about it, listening to you in your passion regarding this company, I think it would be beneficial for our members, for our listeners to hear it from your own words as the founder, as the CEO of AppHarvest. You have to get permitting, communities [buy-in], state and federal support, infrastructure, inspections. There's a lot of different ways to go public and at the time and we did it, and I think it was definitely the best decision for us at the time. Moser: It's impressive to think about the scope of what you are taking on because agriculture, farming, that's been something for so long, people just think, well, it's just what it's always been and we do it this way because that's the way we've always done it. We're farmers, we are growing fruits and vegetables, and we're utilizing sunlight, we're utilizing rainwater. AppHarvest, which went public in February in an IPO that brought it $475 million in gross proceeds, is an ambitious venture. Again, for us, it's about keeping our head down, growing good fruit and vegetables. We have a phenomenal team of sustainability experts. Then we have to remember this isn't just a U.S. problem we're trying to solve. We have a lot of work to do ahead of us over the years to come. AppHarvest reaffirms guidance on full-year 2021 net revenue of $21 million and Adjusted EBITDA of ($41) million provided during its Analyst Day presentation on December 15, 2020. $157M Today's Change (-7.84%) -$0.08 Current Price $0.94 Price as of March 1, 2023, 1:16 p.m. Are we perfect? A specialist in knee surgery, Jonathan Webb was a rugby union fullback for the English national team from 1987 to 1993. AppHarvest is an indoor farming company, so has massive greenhouses I know you're in the DC area. That's how quickly the energy industry shifted. The same way there won't be one energy company powering the world. According to AppHarvest's earnings report released Feb. 24, the company had net sales of $9.1 million and net loss of of $166.2 million in 2021. Again, tomatoes are our first crop, but by next year, strawberries and leafy greens. He practices at Mayo Clinic Hospital Eau Claire. According to Webb, going public has helped the company focus on the big picture. AppHarvest knows its far from being the only player in the CEA game. My competition in Mexico, you have people getting paid $5 a day. To learn more about AppHarvest, you can visit appharvest.com. Kentucky has been experiencing record amounts of rainfall in recent years, so for Webb, the location was obvious. By being able to have robotics and AI they can have more real-time information. You have illegal chemical pesticides where the EPA cannot track the chemicals being used on these farms in Mexico. AppHarvest raised over $475 million in a public IPO, but it is not over. Sometimes, it can even get us a few steps closer to saving he world. Everybody has full healthcare. Jonathan Webb poses in front of his giant greenhouse, When you look at human civilization, what do you need? Well, I mean speaking of a publicly traded company, you just released your first-quarter results, and I think this was your first full quarter as a publicly traded company. Do the hard work to create shareholder value now while also looking out for shareholders two decades from now, Webb said is his credo. AppHarvest has invested in a 2.76million-square-foot greenhouse in Morehead (Ky.) to help meet this goal. Theyre looking for purpose in their life; theyre looking for companies like us.. He acknowledges that scaling up so quickly in the middle of a pandemic is, almost unheard of in the current world. No. AppHarvest: Transforming The Future Of Agtech, And Maybe The A specialist in knee surgery, Webb has performed countless surgeries in elite rugby union teams. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address key issues including improving access for all to nutritious food, farming more sustainably, building a homegrown foods supply, and more. AppHarvest (APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). In February 2018, encouraged by investors, advisors including Hillbilly Elegy author J.D. People don't leave purpose-driven companies, AppHarvest CEO says It's so cool to think about what you guys are doing there. Moser: I guess you're saying, and a lot of us would agree, you can't have your cake and eat it too. Age : 37. We'll head down here and then I would start or I would end with what I started with. But one thing we'd like to talk about is competitive advantage, what makes a company special? Is there a benefit? But if you look at the current food system today, it's high fructose corn syrup, it's sugary food that has low nutrient density. The system it uses reportedly reduces water usage by 90% compared to traditional open-field agriculture, while also eliminating runoff. It means transparency. One, our geographic location. Webb was named a World Rugby Council RFU representative in 2016. It is a non-profit organization that provides education and social services to low-income residents living in low-income apartments. Then I got to mention the area we're in, Eastern Kentucky has been known for coal mining for decades, it was known as the whole country, so to speak, and empowering the U.S. through the industrial revolution with low-cost coal. Theyre looking at a company and even though its pre-revenue it has all the necessary ingredients to succeed.. WebAppHarvest salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like AppHarvest based on real



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