Lettuce Shortage Becoming a Global Crisis

Rhea-AI Summary

Advanced Container Technologies (Ticker: ACTX) highlights its GrowPods, portable hydroponic farms, as a solution to the global lettuce shortage that began in 2020. Growing conditions in California and Australia have severely impacted lettuce supply, causing prices to spike by up to 67% in the U.S. and up to $12 in Australia. GrowPods allow for rapid harvesting of lettuce, with multiple harvests per year, while minimizing water usage and environmental impact. CEO Doug Heldoorn emphasizes GrowPods' potential to deliver fresh food locally, thereby reducing the costs and emissions linked to food transport.

Positive

• GrowPods can produce the equivalent of three acres of traditional farmland in a single unit.
• Hydroponic lettuce can be harvested in as little as three to four weeks, increasing food availability.
• GrowPods significantly reduce water consumption compared to traditional farming methods.
• Setup time for a GrowPod is only a few days, enabling quick response to food shortages.

Negative

• None.

Transportable hydroponic farms like GrowPods can help provide immediate and permanent solutions to worldwide food shortages

CORONA, Calif., June 20, 2022 /PRNewswire/ -- Advanced Container Technologies, Inc (Ticker: ACTX), announced that GrowPods – transportable modular hydroponic farms - can help reduce the global lettuce shortage.

The crisis began back in 2020. According to Growing Produce, California lettuce growers faced hotter-than-average temperatures and crop diseases that led to a shortage of iceberg and romaine lettuce. These tight conditions bled into 2021. Mintec reported that lettuce increased in price 67% from the previous year due to low supplies of the crop.

And the problem is not limited to the United States.

In Australia, floods and extreme weather conditions in large portions of the country decimated lettuce crops, according to The Herald. Prices for lettuce skyrocketed, with some stores now selling lettuce for as much as $12. Moreover, prices are not expected to come down anytime soon, ABC News reported.

However, AgTech Tomorrow says leafy greens including lettuce are some of the best plants to grow hydroponically in units like GrowPods.

"Almost all plants grow faster hydroponically than they do in soil-based farming methods," the publication reported. "This is because the plant's light, nutrition, and water are all under your complete control." Butterhead and romaine lettuce can be harvested as quickly as three to four weeks, and iceberg in just six to eight weeks. "In general, most hydroponic leafy greens offer 11-13 harvests per year," the publication reported.

In addition to rapid harvest, the University of Kentucky reports that hydroponically grown lettuce provides a longer post-harvest storage life (plants can stay fresh for two to four weeks under the proper storage conditions), and because there is no soil involved the plants are so clean, they do not require washing.

GrowPods can be placed virtually anywhere, and can grow the equivalent of three acres of traditional farmland in a single unit. GrowPods allow local communities obtain fresh, healthy food, with minimum labor and expense.

Doug Heldoorn, CEO of Advanced Container Technologies, said GrowPods can be a part of the solution to the ongoing food crisis.

"GrowPods provide healthy food where it is needed," Heldoorn commented. "Plus, these advanced systems are better for the environment as they can cut freight emissions and shipping costs associated with transporting food long distances. Growpods also significantly reduce water consumption compared to traditional farming, and may even reduce the need for clear-cutting of forest lands for farmland," he added.

Additionally, a GrowPod can be set up in a matter of days, so that food shortages can be reduced in just weeks.

For more information on Advanced Container Technologies or GrowPods, call: (951) 381-2555 or visit: www.advancedcontainertechnologies.com.

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Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-Looking Statements about ACTX' beliefs and expectations, involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words such as "may,"  "expect," "anticipate,"  "estimate," "intend," "plan," "believe," "potential," or other similar expressions. All information is as of the date of this press release, and ACTX undertakes no duty to update such information, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/lettuce-shortage-becoming-a-global-crisis-301570907.html

SOURCE Advanced Container Technologies, Inc.

FAQ

What is Advanced Container Technologies doing about the lettuce shortage?

Advanced Container Technologies is offering GrowPods, transportable hydroponic farms, to address the global lettuce shortage.

How do GrowPods work for growing lettuce?

GrowPods utilize hydroponic systems that allow for faster growth and multiple harvests of lettuce per year.

What are the benefits of using GrowPods for farming?

GrowPods require less water, reduce transportation emissions, and can be set up quickly to alleviate food shortages.

When did the lettuce shortage crisis begin?

The lettuce shortage crisis began in 2020 due to adverse weather conditions and crop diseases.

What is the price increase for lettuce due to the shortage?

Lettuce prices have increased by up to 67% in the U.S. and reached as high as $12 in some Australian stores.