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AppHarvest, an AgTech company, has commenced its first harvest of Beefsteak tomatoes from its 60-acre Morehead, Kentucky facility, which will be available in select grocery stores including Kroger, Publix, Walmart, Food City, and Meijer. These tomatoes are marketed as chemical pesticide-free, non-GMO, and grown with 100% recycled rainwater. The company aims to meet rising demand for sustainable produce and is expanding its operations, targeting a total of 12 indoor farms by 2025. AppHarvest is also set to list publicly following a merger with Novus Capital Corporation (NASDAQ: NOVS).
Novus Capital Corporation (NASDAQ: NOVS, NOVSU, NOVSW) will hold a Special Meeting on January 29, 2021, at 10:00 a.m. ET via live webcast. This meeting will address the business combination with AppHarvest, followed by expected closure pending stockholder approvals. Stockholders of record as of December 29, 2020, will receive the definitive proxy statement, which includes essential details about the merger. Novus Capital raised $100 million in May 2020 and focuses on business combinations to drive growth.
