Kroger on Track to Expand Gotham Greens to More Than 1,000 Stores
Rhea-AI Summary
Kroger (NYSE: KR) announces an expansion of its collaboration with Gotham Greens to provide greenhouse-grown produce and plant-based foods across the U.S. Currently available in over 300 stores, the partnership aims to reach nearly 1,000 stores by the end of 2023. This initiative aligns with Kroger's commitment to sustainability, aiming for zero food waste to landfill by 2025. Gotham Greens uses innovative farming methods, requiring 95% less water and 97% less land than traditional farming, to deliver quality, non-GMO, pesticide-free products year-round. This partnership enhances Kroger's fresh food offerings while supporting environmentally friendly practices.
Positive
- Expansion of Gotham Greens products to nearly 1,000 Kroger stores by end of 2023.
- Kroger's commitment to sustainability aligns with reducing food waste and enhancing product quality.
- Gotham Greens' farming methods significantly reduce water and land usage.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, KR gained 0.27%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We're proud to expand our collaboration with Gotham Greens as we work together to bring fresh, local, high-quality and longer-lasting produce to our customers in an environmentally sustainable way," said
Gotham Greens' farming practices allow the brand to grow, harvest and deliver non-GMO, pesticide-free salad greens and herbs 365 days of the year. By using hydroponic growing systems in sunlight-powered greenhouses, Gotham Greens' farms use up to
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By summer 2023, Gotham Greens will own and operate 13 greenhouses, totaling more than 40 acres (1.8 million square feet) across nine states:
Gotham Greens has been a supplier to
About
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About Gotham Greens
Gotham Greens is an indoor farming company and a fresh food brand on a mission to transform the way we approach our food system, putting people and the planet at the forefront. Gotham Greens produces and delivers long-lasting and delicious leafy greens, herbs, salad dressings, dips, and cooking sauces all year round to retail, restaurant, and foodservice customers. A Certified B Corporation™, Gotham Greens sustainably grows high-quality produce using up to
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