80 Acres Farms and Soli Organic have merged to create one of the world's largest indoor farming networks, projected to generate nearly $200 million in first-year revenues.

Target Information

80 Acres Farms® and Soli Organic® have announced a strategic merger aimed at creating one of the largest and most advanced indoor farming networks worldwide. The new entity will continue to operate under the 80 Acres Farms brand and will be headquartered in Hamilton, Ohio. This merger is projected to yield revenues of nearly $200 million in its first year. 80 Acres Farms was founded in 2015 by Mike Zelkind and Tisha Livingston and is recognized for its implementation of Infinite Acres’ GroLoop™ technology, which promotes sustainable farming through the use of renewable energy and advanced agricultural techniques. Soli Organic, established in 1989, specializes in USDA Certified Organic produce and is a leading player in indoor organic farming, particularly known for its organic culinary herbs.

Industry Overview

The indoor farming industry in the United States is evolving rapidly, driven by a growing consumer demand for fresh, locally-grown produce and increased awareness about sustainable agricultural practices. Vertical farming is particularly suited for urban environments, where access to land is limited and transportation costs are high. With the challenges posed by climate change, indoor farming presents a viable solution to ensure food security by utilizing controlled environments to optimize growth conditions.

According to industry reports, the market for indoor farming is expected to reach over $9 billion by 2025, reflecting a compound annual growth rate (CAGR) of appro