Jason Moser has no position in any of the stocks mentioned. Use our online form to book an appointment with Dr. Webb. You start to do the math, and realize you might need two planet earths to have enough land and water to grow that food.. In its Nov. 7 filing, AppHarvest reported net losses of $83 million for the first nine months of the year and net sales of $10 million, with an accumulated deficit of $270 million. That greenhouse is just the proof of conceptAppHarvest has broken ground on two more that will be just as impressive. Moser: Yeah, I'd tell you, I think you're right. Jonathan Webb is a specialist knee surgeon and a former English rugby union fullback. Webb: Well, the last great technological revolution in American farming is really when the tractor was introduced. Webb, a Kentucky native and University of Kentucky graduate, says he remains committed to his goal of employing large numbers of people at high-tech farms around the eastern half of the state. To make the world smarter, happier, and richer. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He represented his country in 33 Test matches and played for Bristol and Bath. Jonathan Webb is a dual-qualified lawyer. 2023 Fortune Media IP Limited. Webb: You said you didn't want to talk the rest of the day about ESG, right? Again, for their CEO, for their team to say to them not just about money, we can have more impact at scale with AppHarvest and achieve our mission and achieve our goals by working together. Are you going to have drought? If you want to know how wealthy he is, read on! Follow him on Twitter to get more updates. But I wonder, is there something to your mind? Look at the open fields in Mexico. ESG should be at the core of profitability and it should be at the core of building a resilient company. WebAppHarvest salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like AppHarvest based on real Part of it is we're building companies not just for today and not just for the quarterly earnings call today, we're building this company for the next generation. He has over 100 civil and criminal jury trials and has represented clients in counties across Georgia. Accomplish what they wanted to pursue? If were all doing that, we have a pretty phenomenal organization.. Our team is built to scale and you look at where we're at today, we've launched our first facility. This year alone, more than 50 SPACs have been formed in the US, collectively raising around $36.2 billion as of last month. But for us, it's not a back-and-forth, it's not OK, well, I'm going to invest in an ESG company and I'm going to sacrifice profitability. WebJonathan Webb grew up in Kentucky and has been committed to developing sustainable projects from Central Appalachia. The applied technology company is developing and operating some of the worlds largest high-tech indoor farms. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, How AppHarvest Is Investing in the First Generation of High-Tech Farmers, AppHarvest May Not Be a Tasty Investment Yet, Agtech company AppHarvest debuts produce in select grocery stores, AppHarvest hires Impossible Foods David Lee as president, AppHarvest hires chief communications officer, Watch NASAs James Webb Space Telescope do high-tech origami, Varsity Spirits Webb on Bolstering the Middle Class, Jimmy Webb, Purveyor of Punk Fashion, Is Dead at 62, James Webb Space Telescope Successfully Deploys Its Mirror for the First Time. He often sleeps in an RV outside the construction site of its second facility. We've moved most of our fruit and vegetable production down to Mexico and we're importing and shipping in 2,000 miles. Visualize this, down the rows of our facility, we have a robust that's going to take thousands of photos of a tomato plant. Growing up in Appalachia, Jonathan Webb watched the slow decline of the coal industry firsthand. He played against Australia on 23 May. Executive Vice President and Head of Enterprise Development, Support Activities for Agriculture and Forestry, Contract Support (U.S. Army Office of Energy Initiatives), Intelligent Assistance and Bots Ecosystem. But being true to our ESG values, we think it is a competitive advantage and going to make us more competitive in the years to come. This company has plans to open two additional indoor farms in Kentucky and has already announced partnerships with the Dutch government and multiple universities to make Appalachia a hub for the agtech industry. The history of the world is in many ways the history of technology, and of our reactions to it. He was made a Fellow of the British Association of Surgery on the Knee (BASK), and has since taught many international and national athletes in sports medicine. So the problem at a macro level just started with hearing the statistic [that humanity will need] 50% to 70% more food by 2050. I write about the future of food, business, and culture. We want to make sure you get the most out of our platform. Moving forward, AppHarvest is focused on bringing its beefsteak and on-the-vine tomatoes to market. "The public market needs to have a robust category of companies that are building stuff that matters," he stressed. Webb supported a large-scale solar project in Virginia while he was employed by the U.S. Department of Defense. I want to talk with you about in regard to AppHarvest. Yahoo Finance's Julie Hyman at the 2022 SXSW Conference, 3 big things in investing you might have missed this week, UPDATE 1-North Korea says US causing international arms control collapse, EU releases funds, prepares aid flight for eastern Congo, Rheinmetall in talks on building tank factory in Ukraine - report, Ukraine Latest: Metsola Urges More Sanctions Pressure on Russia. Jonathan Webb, a specialist in knee surgery, was once a prominent player on the English rugby team. MOREHEAD, Ky., Feb. 27, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the worlds largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Jonathan, thank you so much for taking the time out of your busy schedule to see just more about AppHarvest to talk about all the stuff that you're trying to accomplish there. The Motley Fool owns shares of and recommends Tesla. We can have all the technological tools in the world, but at the end of the day we have to put people at the center of the equation.. ", "It's easy to be a CEO that's looking for the next three months," Webb stated. Webb is from Kentucky, where 16% of residents are His vision of the future of farming and much, much more. He is an ex-rugby player who represented England from 1987 to 1993, reaching the World Cup Final and winning two Five Nations grand slam titles. Webb founded it in 2017 in his native Kentucky; it became a certified B Corp two years later. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. That's right -- they think these 10 stocks are even better buys. This year alone, more than 50 SPACs have been formed in the US, collectively raising. We have high demand for U.S.-grown and pesticide-free produce already, and when you combine that with the taste, color, and freshness of the AppHarvest model, on top of their social mission, it's driving our customers to ask for more." But I think there are a lot of benefits that come with that. I have a 16 and then going on 15-year-old daughters. Required fields are marked *. sold to the top 25 U.S. grocers. I cant say this was the exact plan but what accelerated all of this was Covid-19, AppHarvest CEO Jonathan Webb told AFN. Very excited about the Root AI transaction. The system it uses reportedly reduces water usage by 90% compared to traditional open-field agriculture, while also eliminating runoff. If you look at AppHarvest, what are we doing? Moser: Well, you said it on the call. A specialist in knee surgery, Jonathan Webb was a rugby union fullback for the English national team from 1987 to 1993. Jonathan Webb is an actor with a large following on Twitter. To me, this feels like just that, a growing market opportunity that is global in nature, and really the opportunity, just getting started. I don't think anybody thinks of farming from this perspective. The Art of Self Meditation: What Are the Benefits? "We have the capital we need and we're focused on building and operating, and just head down on execution," Webb said. We have one farm right now thats 2.8 million square feet. Yes, today, we met our quarterly earnings projection, we hit our guidance, but we're making the hard investments and spending the hard time to set an organization up that's going to thrive 10 and 20 years from now. Prior to founding AppHarvest, Jonathan supported the Executive Director of the Army Office of Energy Initiatives to help meet the White House goal of supplying 20% of the Department of Defenses electricity usage from renewable sources by leveraging private sector capital for the projects. He scored 296 points for England and played in two Rugby World Cups including the 1991 final. We dont have two planets though, so Webb got creative. What makes AppHarvest so unique? Moser: I guess you're saying, and a lot of us would agree, you can't have your cake and eat it too. Let's prove to the world what we're doing through results and even that, our first quarterly earnings call today, there's a level of rigor that you're acquired through the public markets. We look at them over the course of time, years, and hopefully, decades we can be a part of that journey with you all. I'd tell you, we go through tomatoes, handover, [] in my house alone, I'm sure. By being able to have robotics and AI they can have more real-time information. WebAppharvest (: ) is owned by 29.32% institutional shareholders, 30.67% Appharvest 40.01% retail investors. Well, you need water you need food, and you need energy. Moser: Yeah, absolutely. WebThe following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jonathan Webb. He actively engages with his followers through his various social media accounts, including Instagram and Twitter. Webb: The industry is at an inflection point. Webb is a consistent presence at the companys flagship greenhouse in Morehead. Webb: We've been very fortunate that some of our investors and board members, Fidelity was the largest investor in our pipe during the public process, Jeff Ubben of Inclusive Capital, our Chief Sustainability Officer, Jackie Roberts came to us from the Carlyle Group, we're all very serious about this. CEOs can get lazy and only worry about the last 90 days; thats easy. Jonathan Webb was born on 24 August 1963, in London, England. As part of that, in order to bring trust and transparency to agriculture, you have to be a public company.
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