Indoor Harvest (INQD): Aims to Provide Innovative Equipment Solutions to the Burgeoning Indoor Farming Market
In an effort to address sustainability and environmental issues, indoor farming is positioned to revolutionize agriculture. According to The Institute, vertical farming has already started to display impressive benefits over traditional farming methods. “Out in a field it could take 45 days to harvest leafy greens; indoors, with optimization techniques, the same greens can grow in as little as 12 days,” The Institute reported in May 2016. “And because indoor farming can continue year-round, it can be up to 75 times as productive as traditional methods.” Indoor Harvest (INQD), an art design-build engineering firm, aims to meet the needs of this burgeoning sector with innovative equipment solutions.
A Houston-based company, Indoor Harvest is a full service firm specializing in equipment design, development, marketing, and direct-selling of commercial grade aeroponics fixtures, vertical farm fixtures and supporting systems for the urban agriculture and building integrated agriculture sectors. Its product offering fall into one of the following categories:
- Leafy Greens/Herbs
- Medicinal Plant/Research/Biomanufacturing
- HVAC/Production Retrofits
Within its Microgreens/Leafy Greens/Herbs category, the company’s Modular Vertical Farm Framing System aims to eliminate complicated, cumbersome and time consuming step ups. Thanks to its modular design, the product allows for expansion.
Within the past 30 days, the company has seen some interesting movement in the market.
Moreover, in an interview with CashiInbis, Chad Sykes, CEO of Indoor Harvest, provided insight into the company’s goal to reduce the high costs associated with cultivation operations. “Indoor Harvest’s technology can dramatically reduce the cost of goods,” Sykes told Cashinbis in 2015. “You can see almost a 70% reduction in the cost of goods for a number of cultivars; It reduces fertilizer use by about 60%; It can reduce water usage by about 90-98%; And it also speeds vegetative growth by about 15-20%. Most of these guys are using rock wool or coco as their growing medium and with aeroponics, there is no growing medium at all needed. You also eliminate the cost of the rock wool, the coco, and the labor associated with disposing of it. “
Along with its current efforts to separate its cannabis and produce operations, the company has a number of strategic developments in progress that potentially strengthen its position for operational and financial growth. “we executed two construction related contracts in July valued at approximately $11.5 million,” said Chad Sykes, CEO and founder of Indoor Harvest. “We will continue to maintain previous guidance and expect that by year’s end we will reach positive cash flow and move towards profitability by mid-year 2017.”
The investment community looks forward to future developments from the company.
To learn more about Indoor Harvest, visit www.indoorharvest.com