Soli Organic to construct first soil-based organic indoor farm in San Antonio

Soli Organic Inc, a soil-based, indoor farming company delivering 100% USDA certified organic produce, has announced plans to build a high-tech, automated indoor farm and co-located packing facility in the Brooks community in San Antonio, Texas.

The Brooks farm will add 100,000ft of growing, including six vertical layers of production capacity and an additional 40,000ft of processing to Soli Organic's nationwide footprint, further enhancing the company's capability to meet the needs of retailers and end consumers through high-tech farms in strategic locations around the country. Unlike the single-layer greenhouse technology used by some CEA companies, Soli Organic grows in a denser and deeper six-level tray structure, that more efficiently uses horizontal and vertical space to drive significantly higher yields.

Soli Organic selected San Antonio and the Brooks community as the site of its next farm for its strategic location; the farm will further the company's capability to serve 3,000 retailers and millions of customers across the fast-growing Texas Triangle and across the Southwest region with more regionally-grown products. The new facility will also provide opportunities for both management and grower talent coming out of a robust university and community college system throughout this vibrant and developing area.

The natural benefits of its soil-based growing system – combined with maximal space efficiency and the highly targeted use of technology – enable Soli Organic to offer fresh, 100% USDA certified organic herbs and leafy greens with all the sustainability benefits of indoor-grown produce, and at a much lower price point. The Company recently unveiled 'Indolce' basil priced at nearly a dollar less per ounce on average than field-grown organic produce, one of many new, affordable and fresh products the Company will roll out in the near future.

"As Soli Organic continues to grow and scale operations around the country, we couldn't be more excited to be expanding in Texas," commented Matt Ryan, CEO of Soli Organic. "We began our transition to indoor farming because we recognized early on some of the coming challenges of traditional outdoor farming, along with its adverse environmental impacts. As record-breaking heat, drought, wildfires and other extreme weather events take a mounting toll across the Southwest and other parts of the country, we aim to ensure consumers throughout the region have year-round access to the best-tasting, freshest and most affordable organic produce on the market."

"We are thrilled to continue the momentum at Brooks as we welcome Soli Organic to the thriving 1,308-acre campus. The company exemplifies innovation, environmental care, and job creation, all of which furthers Brooks' Mission to promote and develop a dynamic, sustainable, and inclusive community by serving as a catalyst for transformative economic development and regional prosperity," said Leo Gomez, Brooks President & CEO.

Today's announcement follows Soli Organic's recent close of a nearly US$125 million Series D funding round, led by global investment group CDPQ with leading European investment firm Movendo Capital, B.V. also joining the round, along with follow-on investment from existing investors. Soli Organic will use the funding to further expand its national footprint and scale its technology and operations.

The company previously announced new organic indoor farms in the Seattle area and in Anderson County, South Carolina and is actively seeking sites for its next farms in the Midwest and Northeast to expand its category leadership with products in more than 20,000 stores nationwide, including most top 20 retailers.