80 Acres Farms files for Chapter 7 bankruptcy
Vertical farming startup 80 Acres Farms has filed for Chapter 7 bankruptcy to liquidate its assets following a shutdown. The company faced mounting financial pressures, failed acquisition talks, and depressed sales amid broader industry challenges.
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Vertical farming venture 80 Acres Farms has filed for Chapter 7 bankruptcy in the United States, seeking to liquidate assets and wind down operations after running out of money. Court records show the company and its affiliates estimate combined liabilities could wipe out assets ranging from $110 million to $550 million. The shutdown leaves more than 1,000 creditors facing potential losses alongside pending lawsuits from laid-off workers and vendors.
