Plenty Unlimited Inc. (“Plenty” or the “Company”), an innovative agricultural technology company with a unique indoor vertical farming platform, today announced that it has filed voluntary petitions under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) in accordance with its Board-approved plan to restructure its liabilities, streamline operations and focus its go-forward operations.

Plenty Unlimited Inc. (“Plenty” or the “Company”), an innovative agricultural technology company with a unique indoor vertical farming platform, today announced that it has filed voluntary petitions under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) in accordance with its Board-approved plan to restructure its liabilities, streamline operations and focus its go-forward operations.

Today, Plenty Unlimited Inc. opened the world's first farm to grow indoor, vertically farmed berries at scale. Plenty farms are the most technologically advanced farms in the world – removing the unpredictability of Mother Nature and making it possible to grow produce with peak-season flavor, year-round, almost anywhere in the world. The Plenty Richmond Farm is designed to produce more than 4 million pounds of strawberries annually in less than 40,000 square feet by growing vertically on 30-foot-tall towers. The farm will exclusively grow Driscoll's strawberries, combining Plenty's advanced technology with global premium berry leader Driscoll's advanced genetics. The first strawberries from the farm will be available in early 2025.