jonathan webb appharvest net worth

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PIPE deals effectively allow institutional investors to buy larger quantities of public company stock, typically at a discount to public market prices. It means transparency. Webb grew up in Kentucky, and founded AppHarvest in 2017 after years in the solar development industry, based in New York. 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 "In less than Then we'll be able to give that data over to the grocer in more real-time. On Twitter, the actor shares his personal experiences with his followers. Notify me of follow-up comments by email. In the 1987 Rugby World Cup, Webb made his debut for England. WebJonathan Mark Webb net worth is $800,000 Jonathan Mark Webb Wiki: Salary, Married, Wedding, Spouse, Family Jonathan Webb is an actor, known for Graffiti Bridge (1990), In AppHarvest reaffirms guidance on full-year 2021 net revenue of $21 million and Adjusted EBITDA of ($41) million provided during its Analyst Day presentation on December 15, 2020. I mean, all of the stuff that you just talked about really does matter. With a 19% stake, CEO Jonathan Webb is the largest shareholder. It feels like this is something that really is just getting some traction here. He studied history and economics at the University of Cape Town, and obtained a Bachelor of Laws and post-graduate diploma in maritime law from the University of Natal. St John Greek Orthodox Church Easter Schedule, 7 Residential Solar Maintenance Errors and How to Avoid Them, 4 Errors with Kitchen Renovations and How to Avoid Them, An Informative Guide to Livestock Transportation, A Tool That You Need If You are Into Live Stream. We use completely recycled rainwater. Vance, and politicians of both parties, Jonathan left Washington and came home to Kentucky, where he now works tirelessly to make the eastern part of the state the AgTech capital of America. But the production we've left in the US is being grown in areas that are running out of water. Again, the private markets get a very bad rap socially. Those robots have collected the worlds largest data set of tomato images, and each one is equipped with cameras and a laser that creates a 3D scan of the crops in front of it to determine what needs to be done at any given moment. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He noted that in traditional agriculture, most everything happens incrementally, But now is not a time for incrementalism the thing that needs to be added to that recipe is folks [like Webb] that want to be aggressive in getting us ready for a world where its hard to grow crops.. My answer to that is always; sustainability is profitability. Yes, we're using nature for what it's good. Our team is built to scale and you look at where we're at today, we've launched our first facility. I think they certainly will be. Clearly, the younger generation is coming up, sustainability matters, better food matters. Offers may be subject to change without notice. We're selling to Kroger, we're selling in fast food chains like Wendy's. Not only picking, pruning, harvesting, being able to actually get the tomato off the vine, and ultimately, shipped out, but also the predictive analytics that we can use. We love DC, but we don't want to just be selling to the high-end restaurants in DC. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. We're focused on bringing that production back from Mexico that has been shifted outside of the U.S. and bring that back into the U.S. in a controlled environment. My competition in Mexico, you have people getting paid $5 a day. Jonathan strives to work alongside the hard-working men and women of Eastern Kentucky and build an inclusive economy for the future. Now, we want to turn this region into an area of the country that's known for sustainable food production, but beyond just loving the place, I'm from Kentucky, beyond just loving this area, we can get to three quarters of the U.S. on a day drive. I love that passion. Why? 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. Do the hard work to create shareholder value now while also looking out for shareholders two decades from now, Webb said is his credo. Two years into production, AppHarvest already provides 500 living wage jobs, is a second chance employer, and aims to hire a team as diverse as our nation and then empower them as individuals. Plus, the company is a B corp, a public benefit corporation, and its publicly traded. 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." Most of those employees were hired in the midst of 2020, something that Webb considers a testament to the trust his community has placed in AppHarvest. You have food safety concerns. The company is building some of the largest indoor farms in the world, combining conventional agricultural techniques with todays technology to grow non-GMO, chemical-free produce to be. Look at how many times in the last few years you've had leafy greens yanked off store shelves. His fund's based in DC, we had them as early investors. Let's force that rigor early. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on the largest solar project in the Southeastern United States. A former England international, he reached the World Cup Final in 1991 and was a two-time grand slam champion in the Five Nations. I don't think anybody thinks of farming from this perspective. It's nearly impossible to have full transparency. We can get to 70% of the U.S. in a one-day drive. We need to change the profits versus purpose narrative; purpose drives profit and, ultimately, is what makes an organization durable and resilient for decades to come, Webb told Fortune. ESG should be at the core of profitability and it should be at the core of building a resilient company. But with that said, what we have at AppHarvest is fairly unique. That to me, was in a nutshell what it's all about. WebJonathan Webb, AppHarvest Inc: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Leaders with Lacqua:Mark Read WPP CEO Bloomberg Radio Meet the We dont talk about this at all in the US. Webb, a former rugby player, has a wealth experience and is now helping players return to the sport they love. Webb was also the first LPGA player to win $1 million in a single season, finishing first on the year-end money list. For young people, we've invested heavily in high school education here in this region and part of it is, we're not just building facilities, we're building an ecosystem and part of that is change the narrative that farming is simply outdoors and on a tractor, we very much respect American farmers, we have great respect for the four-season farmer that's putting food on our table but we have to get young people to think, the average age of the American farmer is about 60 years old, and so for us by investing in high schools, it's teaching young people you're operating a farm with an iPhone and iPad using industrial sensors, with robotics operating on AI. I know you're busy. This is a BETA experience. CSC Leasing: Non-dilutive Funding for AgTech Startups, Americas Cultivation Corridor: We Grow AgTech Innovation, As demand for protein grows Sustainable Planet bets on water lentils as a viable alternative to soya, How not to fail in vertical farming: Be on guard for hubris, say Indoor Ag-Con speakers, International Fresh Produce Association launches 2023 Fresh Field Catalyst Accelerator program, BREAKING: Perfect Day animal-free dairy patent in US challenged, What is the role of biotech in an ethical food system? I go directly into the facility and talk to entry-level employees and people sweeping the floors. Jonathan Webb poses in front of his giant greenhouse, When you look at human civilization, what do you need? What is AppHarvest to you? A Kentucky native and University of Kentucky graduate, Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. After serving as an assistant public defender in Marylands Office of the Public Defender, Webb joined Ethridge Quinn for 2020. 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. Webb started his professional career in 1989 as a Durban maritime lawyer firm. We have one farm right now thats 2.8 million square feet. Use our online form to book an appointment with Dr. Webb. WebGet Chad Hill's email address (c*****@appharvest.com) and phone number at RocketReach. That might sound straight from science fiction, but AppHarvests CTO Josh Lessing, who designed many of these universal harvesting systems says we only think that because farming has been so slow to innovate. These food companies today are like the cigarette companies 40 years ago. You came public a lot sooner or probably that you would have had the opportunity to even 10 years ago. You may opt-out by. WebJonathan Webb grew up in Kentucky and has been committed to developing sustainable projects from Central Appalachia. That's because of our inefficient systems in the supply chain. Webb was raised in a white-bread, wealthy family. You can also compare Dr. Webb with other orthopedic surgeons in Eau Claire to find the one that best suits your needs. Fresh Take: A Make-Or-Break Food Trade Show, Inside The Food Labor Movement: An Update From Starbucks Front Lines, Its The Gourmet Toast Driving Expansion At Toastique, Fungi-Based Protein Company Meati Launches Scientific Advisory Board To Support Scale-Up, Nutrition Research, City Saucery Takes Pride In Its Ugly Tomato Sauces, By Helping The Ukrainian Community In Manhattan, Veselka Earns A James Beard Nomination For Outstanding Restaurant, French Wine Region Bourgogne Should No Longer Be Translated To Burgundy. I did want to know here because I saw this in the earnings release and I just thought it was one of those quotes that stood out to me from Mastronardi, your distributor. Visualize this, down the rows of our facility, we have a robust that's going to take thousands of photos of a tomato plant. He often sleeps in an RV outside the construction site of its second facility. If you want to know how wealthy he is, read on! ET More on the future of agriculture and vertical farming innovator He practices at Mayo Clinic Hospital Eau Claire. I feel like with AppHarvest, at least, my takeaway, I found a lot of things that make you all special. We're building large facilities to grow fruit and vegetables running completely on recycled rainwater using LED lights, software, and sensors. [laughs] This is something I'm very passionate about. 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. While living in Washington D.C. developing sustainable energy farms, Jonathan researched another type of farming the Netherlands and its high-tech greenhouses that in a single acre yield as much as 10 outdoor acres and virtually eliminate the use of chemicals. For the fourth quarter All rights reserved. But if you look at all the problems in the agriculture system, this industry really solves most of those problems. I think we have seen some other players in the space that are starting. Get 5 free searches. I was very fortunate. We've been able, very fortunate, a very talented team, MIT team out of Boston that has a proven track record and great products that we've integrated them fully into the AppHarvest team. I'm Jason Moser, thanks for listening, and we'll see you next week. 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. Europe, Menlo Park, China), Where the person is located (e.g. We take that long term approach, we don't view things by quarter. Project Access, Inc. was founded by Mr. Webb in 1999. Moser: Well, you said it on the call. But its confident in its approach. Location: Pikeville, KY. Add to My Lists. The president and CEO, Paul Mastronardi said, "We want every AppHarvest tomato they can grow. 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. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Webb is from Kentucky, where 16% of residents are For us, this year, it's less about the dollars and more about hitting our targets and we were able to hit our Q1 guidance and ramp up our facility to, later on, this year by Q4, we'll be at full capacity in Q3 and Q4, selling tomatoes out of this facility in more Kentucky. But the journey hasnt been without pitfalls. To access all the content for free, please sign up by entering your email. If we're going to be working with the largest players in the world, then we need to be in the big leagues, and the only way to do that is to be a publicly traded company. In order to do that, you have to have rigor. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 10 stocks we like better thanWalmartWhen investing geniuses David and Tom Gardner have an investing tip, it can pay to listen. Jonathan Webb is the largest individual Appharvest shareholder, owning 20.54M shares representing 19.04% of the company. AppHarvest. Jonathan Webb grew up in Kentucky and has been committed to developing sustainable projects from Central Appalachia. Webb: You said you didn't want to talk the rest of the day about ESG, right? Follow her on Twitter at @BrookeDiPalma or email her at [email protected]. Moser: Yeah. But I wonder, is there something to your mind? Well, I mean speaking of a publicly traded company, you just released your first-quarter results, and I think this was your first full quarter as a publicly traded company. But then it's pulling technology in to drive nature from behind. He has become a prominent social media star. There are many sources of information on Jonathan Webbs networth. What makes AppHarvest so unique? We've had one of our wettest decades on state record. If I'm a grocer and I'm saying U.S.-grown in a controlled environment we solve for all that. Its service leadership; our team does not work for me, I work for our team., To that effect, hes imparted a lesson to each of his team members: Every day, help five people. I asked on a call earlier today, well, have you had issues hiring people? The Art of Self Meditation: What Are the Benefits? We're ramping up this first facility in the middle of a global pandemic, we had an ice storm. I'd tell you, we go through tomatoes, handover, [] in my house alone, I'm sure. Jonathan Webb: AppHarvest, we're based here in Central Appalachia and we're building some of the world's largest controlled environment agricultural facilities. I have no doubt that we will. We believe controlled environment agriculture is the third wave of sustainable infrastructure. I don't want to keep you all day, but before we wrap it up, I did want to talk to you a little bit about ESG, environmental sustainability governance issues. Thank you for accessing our content on the Topio Networks Market Intelligence Center. We have a lot of work to do ahead of us over the years to come. Linked companies : AppHarvest, Inc. Summary. The deal is slated to bring in $475 million in gross proceeds for Kentucky-based AppHarvest, including a private investment in public equity (PIPE) transaction The nonprofit organization he founded is still in operation today, and he continues to serve as Board Chair. Copyright 2023 Surperformance. Jonathan Webb's Appharvest shares are currently valued at $20.96M. There has been nothing more impactful on farming since that time, and now, it's AI robotics and using data to make decisions. A full transcript follows the video. He has a particular interest in knee surgery and sports medicine. "Tech for good the consumer wants it. You can also follow him on Instagram. We need to all collectively have a much more longer-term viewpoint on how we're building companies that are going to be good for communities, good for employees, and return a good return to our investors and shareholders. We're really in the business of packaging up water and then shipping that out to major markets and then beyond that execution at scale. I pay attention to my kids. He also received his medical license from Minnesota. Again, if we look at agriculture, there's a lot of trouble in our current agriculture system and we can use ESG metrics to clean up our food supply and create better food systems. 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 We were just talking earlier and you mentioned how you're in the DC area, it was fortunate that we had Steve Case, the founder of AOL, and he fundraised the rest. Were investing heavily in our future, so were spending heavily today, he said. It is a non-profit organization that provides education and social services to low-income residents living in low-income apartments. We can better understand what product we are going to have available? His extensive experience and knowledge in the field have led to his reputation as a leading knee surgeon in the UK. Jonathan Webb is a dual-qualified lawyer. Webb was named a World Rugby Council RFU representative in 2016. Australian National University Alumni Founded Companies, Rashtrasant Tukadoji Maharaj Nagpur University Alumni Founded Companies, Seattle Pacific University Alumni Founded Companies, Regis University Alumni Founded Companies, Emory University Alumni Founded Companies, New Mexico State University Alumni Founded Companies, Oakland University Alumni Founded Companies, Oklahoma State University Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. It sounds like there's a lot of potential there. We don't want to be selling just to the high-end. I hope you enjoy our conversation. To make the world smarter, happier, and richer. All of our water is captured on our roof. It doesn't need to be one or the other, it needs to be both, and we're happy to be a bit of a public benefit corporation and B Corp certified. To me, at least, it feels like we are at the [] of a disruptive phase here, and a lot of that is thanks to technology. We're in our first decade and we're going to try to look at judging the company on decade one, decade two, and decade three. Jonathan Webb grew up in Kentucky and has been committed to developing Recently, I had the opportunity to chat with Jonathan about the growing opportunity in the AgTech space. AppHarvest which raised $28 million in its Series C round in August is launching what it describes as the worlds largest greenhouse later this year, consisting of a 2.76 million square foot facility in Morehead, Kentucky. The greenhouse, completed in 2020, yields up to 30 times the crops a traditional farm would, Webb said. The Motley Fool owns shares of and recommends Tesla. He holds a legal degree from the University of Natal as well as the University of Cape Town. Jason Moser has no position in any of the stocks mentioned. They're not going to be solved in a month or a year or a quarter and we just want to build an organization that's going to be able to go toe-to-toe with the larger incumbents out there, and the best way to do that is to have that rigor of being a publicly traded company. Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn. Jonathan Webb was born on 24 August 1963, in London, England. But one thing we'd like to talk about is competitive advantage, what makes a company special? 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. Of course, the future is what really matters. WebJonathan Webb, the CEO of AppHarvest, says water scarcity is a growing national security concern as a heatwave continues to wreak havoc on the West Coast. There's going to be a lot of companies hopefully working to solve our food and agriculture problems. US controlled environment agriculture (CEA) startup AppHarvest has announced a merger with NASDAQ-listed special purpose acquisition company (SPAC) Novus Capital, enabling it to go public. This is the direction in which the world is going, so companies better get on board [laughs] or get out of the way. www.vbprofiles.com is now www.topionetworks.com. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Going down, scanning the plant, pest, is there a disease, brightness? The agriculture-tech startup raised $250,000 in its first round of seed capital in February 2018, AppHarvest CEO and founder Jonathan Webb told Insider. We want to be at Wendy's, we want to be at Walmart. I know that you're not the only one focused on controlled environment agriculture. AppHarvest CEO envisions 'couple-decade journey' after going public Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and AppHarvest Operations, Inc., Jonathan Webb is an entrepreneur who is Chairman & Chief Executive Officer of AppHarvest, Inc. and Chairman & Chief Executive Officer of AppHarvest Operations, Inc. (a subsidiary of AppHarvest, Inc.). Earlier this year we did get listed on the Nasdaq. The human spirit is willing to do a lot. The Motley Fool recommends AppHarvest, Inc. Again, if you look at the U.S. right now, this is a USDA statistic, nearly 40% of fresh fruit and vegetables end up in a landfill. Webb is from Kentucky, where 16% of residents are below the poverty line, and when the coal jobs dried up, nothing came in to replace them. Then I got to mention the area we're in, Eastern Kentucky has been known for coal mining for decades, it was known as the whole country, so to speak, and empowering the U.S. through the industrial revolution with low-cost coal. Webb is one of very few knee surgeons to have played for both the England-France national teams. They can be competitive. Now, his company AppHarvest (the name is a play on both Appalachia and the high-tech nature of what they do), operates a sixty acre greenhouse in Morehead, Kentucky that grows hydroponic tomatoes up to the ceiling. Jonathan was named one the Top 30 Most Influential Lawyers in Washingtonians 2018 list upon graduation. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and But then there's the other side, and introducing robotics that's operating on AI, that's collecting data in our facility and making data-driven decisions. The history of the world is in many ways the history of technology, and of our reactions to it. No. Project Access offers ESL/ESL classes, after school programs, and computer literacy. He has successfully completed over 200 operations using the Mako machine. I think you really keyed in on something important there, a 30-year journey. The system it uses reportedly reduces water usage by 90% compared to traditional open-field agriculture, while also eliminating runoff. "You look at renewable energy 20 years ago, electric vehicles 10 years ago, if we want to get CEA to be institutional at scale, not only in households with consumers, you really need that rigor of the public markets and that attention of the public markets to help institutionalize an industry," he said.

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