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. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address key issues including improving access for all to nutritious food, farming more sustainably, building a homegrown foods supply, and more. Also referred to as blank check companies, the mechanism has existed for several years but has received increased attention of late. Amid the verdant rolling hills of central Kentucky, in the heart of Appalachian coal country, youll Again, tomatoes are our first crop, but by next year, strawberries and leafy greens. Despite IPOs last year having the worst returns in a decade, Webb said he believed 2021 was an important time for the company to go public and stood by the decision to take the company's mission "directly to the Street" and to receive the "rigor of Wall Street early," which he claimed will only make the company "stronger in the long run.". Follow him on Twitter to get more updates. You said that we're a technology company working to disrupt agriculture. Webb supported a large-scale solar project in Virginia while he was employed by the U.S. Department of Defense. Webb is a highly-respected knee surgeon in the United States. We've been very fortunate and humbled that the Root AI team is fully a part of the AppHarvest team building robotics that's operating on AI, collecting data. What's the technology that you are looking toward to help you change this space? Recently, I had the opportunity to chat with Jonathan about the growing opportunity in the AgTech space. In addition to his numerous social media fans, Jonathan Webb has also embraced a low-key approach to his career. This helped the Army reach its goal of 20% renewable energy by 2025. WebInside is a tightly controlled environment that uses 90% less water than open-field agriculture and only rainwater to produce crop yields up to 30 times that of traditional AppHarvest is known for its approach to CEA, which Webb called the "third wave of sustainable infrastructure." Dr. Webb graduated at the University of California San Diego School of Medicine. As I was listening, there was a quote, you said, "We are farmers and futurists." He completed a fellowship in Australia at North Sydney Orthopaedic and Sports Medicine Centre and has worked in many high-profile clinics in the area. The Kentucky-based agriculture tech company, which was founded in 2017, began trading on the Nasdaq in late February 2021 after completing a SPAC merger with Novus Capital Corporation. Jonathan Webb is the largest individual Appharvest shareholder, owning 20.54M shares representing 19.04% of the company. "For us, being transparent with not only the consumer, but having that transparency of a public company as we build a large global food company, we think the long-term benefits are great.". Were investing heavily in our future, so were spending heavily today, he said. Our job at AppHarvest, we need to make sure that we're keeping prices at a fair, good place where we're at today. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Webbs England career totaled 67 points, breaking Hodgkinsons 60-point record. "Tech for good the consumer wants it. We're laser-focused on getting this right here. A former England international, he reached the World Cup Final in 1991 and was a two-time grand slam champion in the Five Nations. With that difficult work that in mind, Webb has designed his company to grow as much produce as possible as sustainably as possible. Jonathan Webb, Founder & CEO, AppHarvest The same way there won't be one energy company powering the world. He pointed out that, At NASA in the 60s, if you would go visit a facility and you walked up to a janitor and asked, What do you do here? they would say, Im working to put a man on the moon. Thats been the same mentality here Its the collective thats making this thing possible.. To me, this feels like just that, a growing market opportunity that is global in nature, and really the opportunity, just getting started. There's going to be a lot of companies hopefully working to solve our food and agriculture problems. AppHarvest raised over $475 million in a public IPO, but it is not over. 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. You are speaking our language here at The Fool. Again, the private markets get a very bad rap socially. Webb: The industry is at an inflection point. He actively engages with his followers through his various social media accounts, including Instagram and Twitter. But its confident in its approach. There's not going to be one food company feeding the world. But if you look at all the problems in the agriculture system, this industry really solves most of those problems. WebFounder & CEO, AppHarvest 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. 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. AppHarvest Went From Seed to $1 Billion in Just 3 Years But then what have we done with Root AI? We're building infrastructure in an area of the country where we're having record amounts of rainfall, and if you look at the climate maps, we continue to get wetter. Webb founded it in 2017 in his native Kentucky; it became a certified B Corp two years later. Moser: Yeah, absolutely. I love that passion. 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 I mean, that is right in line. Instead of just being able to tell a grocer 24-hours in advance here's the quality of product and here's when it will be shipped, with robotics going down the rows scanning the plants, we'll be able to get to days out and weeks out of being able to predict the yield, predict the quality, give more information to the grocer on when that product is going to be coming. The nonprofit organization he founded is still in operation today, and he continues to serve as Board Chair. We use completely recycled rainwater. 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 But I wonder, is there something to your mind? Webb founded AppHarvest in 2017, and the company was certified as a B Corp two years later. He represented his country in 33 Test matches and played for Bristol and Bath. AppHarvest (APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). The system it uses reportedly reduces water usage by 90% compared to traditional open-field agriculture, while also eliminating runoff. Jonathan Webb, AppHarvest Inc: Profile and Biography Were building robotics and software that will ultimately be able to service the entire global agriculture industry. Yes, maybe we're paying marginally more in the short-term, but that workforce is the one that's beating production targets daily. We've moved most of our fruit and vegetable production down to Mexico and we're importing and shipping in 2,000 miles. Webb was named a World Rugby Council RFU representative in 2016. We're a public benefit corporation, and we're B Corp certified. Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you. I made the point at one point in regard to AppHarvest. I write about the future of food, business, and culture. On Twitter, the actor shares his personal experiences with his followers. He often sleeps in an RV outside the construction site of its second facility. We dont see it as losing money for losing moneys sake; developing that tech is investing in our future.. But if you look at the world, China and India account for 40% of the world's population. It feels like this is something that really is just getting some traction here. We have one farm right now thats 2.8 million square feet. Jonathan Webb - Biography - MarketScreener.com Webb: Well, I'll start by saying, anyone that is growing good, clean produce, without harsh chemical pesticides, I try to call them my colleagues, not competitors. "The public market needs to have a robust category of companies that are building stuff that matters," he stressed. But with that said, what we have at AppHarvest is fairly unique. I'm Jason Moser, thanks for listening, and we'll see you next week. I hope you enjoy our conversation. This will result in a $1.7 billion return of investment for the company. We dont have two planets though, so Webb got creative. I mean, I think that kind of speaks for itself. Jonathan Webb poses in front of his giant greenhouse, When you look at human civilization, what do you need? He played against Australia on 23 May. Jonathan Webb was born on 24 August 1963, in London, England. Project Access, Inc. was founded by Mr. Webb in 1999. His fund's based in DC, we had them as early investors. This is becoming really a hot-button topic for a lot of investors, rightly so. This article will briefly review the most important information. Like every Kentuckian, Jonathan grew up knowing of the devastating job losses in the region. Its easier than ever to find a trustworthy doctor. 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. That narrow focus on societal good is what has kept AppHarvest fully staffed throughout the pandemic. Its first crop will be non-GMO tomatoes, which will be provided to a number of US grocers. 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 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. What is AppHarvest to you? Jonathan Webb - Insider Trading Tracker - Fintel AppHarvest has invested in a 2.76million-square-foot greenhouse in Morehead (Ky.) to help meet this goal. But the journey hasnt been without pitfalls. AppHarvest knows its far from being the only player in the CEA game. The history of the world is in many ways the history of technology, and of our reactions to it. Many of our early investors have been very helpful with the company, and we knew that we are not just building one facility, we're building an organization that's going to go toe-to-toe with agriculture and food, globally. Good CEOs do both., Given the rapidly worsening climate outlook, all founders should focus on building a business that will be more powerful in 30 years than it will in 30 days, he said. But the production we've left in the US is being grown in areas that are running out of water. Jonathan Webb, a specialist in knee surgery, was once a prominent player on the English rugby team. "We see this as a couple-decade journey, and really, we're in our first decade," Webb told Yahoo Finance's Julie Hyman at the 2022 SXSW Conference (video above). Is there a benefit? Then Jeff Obin, who is on our board and has been an early investor. 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. When youre building tech for techs sake, you start to question what youre doing. Copyright 2023 Surperformance. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and Jason Moser has no position in any of the stocks mentioned. 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 WebThe following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jonathan Webb. Were building important stuff with long-standing value, so the Great Resignation has actually helped us acquire talent.. Your email address will not be published. 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. Thanks as always to Tim Sparks for putting the show together for us. Here are five relaxing scents you can use in your bedroom.
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