Pure Harvest, the UAE-founded controlled environment agriculture company, sees an opportunity to expand to the USA and Mexico in addition to Morocco and Singapore as it moves along the path to IPO in 2027 or 2028.
The company, headed by CEO Sky Kurtz, who was himself born in Arizona, told Zawya he sees the USA Sun Belt, the desert or semi-desert states in the country's south, and Mexico as 'a wonderful opportunity in addition to shorter-term plans to farm in Morocco and Singapore.
Pure Harvest Smart Farms was founded in 2017 on the back of a pie in the sky 'growing tomatoes in the desert' idea. It has since expanded to incorporate greens and berries and recently launched sauces and jams.
The firm is operational in the UAE, Saudi Arabia, Kuwait, and Oman, and is in the middle of a $100 million fundraising round, working with Rothschild & Co, which Kurtz hopes will be its last major raise before IPO or sale. Kurtz said the firm is profitable and produces 15 million kilograms of produce per year.
Read more at Zawya.