Episode Summary:
Join Harry Duran, host of Vertical Farming Podcast, as he welcomes to the show Dandridge Melton, founder of Vertical Growth Farming Systems, an organization that’s seeking to change the way that the world approaches hunger, malnutrition, natural disasters and the effects traditional farming has on our environment through their unique container farms.
Today, Harry and Dandridge discuss the vertical farming landscape, competitors to Vertical Growth Farming Systems and how Dandridge’s entrepreneurial spirit has contributed to his success in this immensely important field. They talk about the future of farming and why education is critical if we as a planet are going to be able to adapt to agricultural challenges we soon may face. Dandridge shares his profound belief in this project and talks more about his mission to change the way the world feeds itself.
Episodes Sponsor:
Global Vertical Farming Show – https://verticalfarmingshow.com/
Cultivatd – https://cultivatd.com/
What We Covered:
03:41 – Harry welcomes to the show Dandridge Melton who shares his fascinating journey as a serial entrepreneur and what inspired him to launch Vertical Growth Farming Systems
21:31 – Dandridge recalls the first time vertical farming came on his radar
26:52 – Competitors in the vertical farming landscape and the work Dandridge is doing at VGFS
34:18 – The importance of educating the youth on vertical farming
45:32 – A tough question Dandridge has had to ask himself recently and an ask Dandridge has for the audience
51:30 – Harry thanks Dandridge for joining the show and reiterates where listeners can go to learn more about VGFS and connect with Dandridge
Tweetable Quotes:
“I have learned this from playing hoops in the pickup gym. Every genre of occupation is represented. You’ve got your brain surgeon, your HVHC guy, your lawyer, your plumber, your restaurant owner, your barber. So, over time, you just never know when those relationships are gonna manifest into something you never even thought about.” (17:43) (Dandrige)
“So, I think that we are gonna be a gamechanger in the vertical farming space. And I say that for a couple of reasons. So yes you’ve got your industrial-sized guys in vertical farming, the venture capitalist money, where they’re putting it in vertical farming. It’s all these behemoth implementations.” (27:32) (Dandrige)
“We have a grow room in our shipping containers, so we can go from seed to seedling, and we have a walk-in cooler. And it’s all driven by solar, so we’re completely off the grid.” (31:40) (Dandrige)
“The population continues to grow. We are losing farmable land. So those are diametrically opposed to each other. So, what’s a viable solution? You’re running out of space. You’re running out of good soil. Vertical farming is just going to continue. Whatever it is today, it’s gonna be more important tomorrow. I firmly believe that.” (35:01) (Dandrige)
Links Mentioned:
Vertical Growth Farming Systems Website
Sponsor Info:
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Mentioned in this episode:
2025 Precision Ag Report by iGrowNews
2025 Precision Ag Report by iGrowNews
$680 million poured into precision ag last year.
Speaker:Autonomous weeding robots dominated, and John Deere made 2 acquisitions in 3
Speaker:months. A food company, not an equipment maker, bought a
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Speaker:you need the full picture before your competitors get it. The 2025
Speaker:Precision Agriculture Intelligence Report From iGrow News is now
Speaker:available. Get your copy today at
Speaker:igrownews.com/precision. If you are starting a vertical
Speaker:farm and don't know where to begin or which technology would suit your needs,
Speaker:then reach out to the experts at Cultivated. As indoor farm brokers, they
Speaker:help connect you to the right technology and ensure your project is successful.
Speaker:Best of all, their service is free because they work on behalf of their
Speaker:partners. Visit cultivated.com to learn more. And
Speaker:that's spelled C-U-L-T-I-V-A-T-D.com,
Speaker:or click the link in the show notes. So I think that
Speaker:we are, I mean, we're gonna be a game changer in
Speaker:the vertical farming space. And I say that for a couple of reasons.
Speaker:So yes, you've got your, you know, your what I call industrial
Speaker:size guys in vertical farming, you know, both as well as,
Speaker:you know, the venture capitalist money, where they're putting it in vertical
Speaker:farming. It's all these, you know, kind of behemoth
Speaker:implementations, right?
Speaker:Welcome to the Vertical Farming Podcast, weekly conversations
Speaker:with fascinating CEOs, Founders, and agtech
Speaker:visionaries. Join us every week as we dive deep into the
Speaker:world of vertical farming with your host, Harry Duran.
Speaker:Vertical Farming Podcast, Season 4. Welcome back. If this is your first time
Speaker:listening, yes, yes, yes, you're in the right place in case you were
Speaker:lost somewhere in the podosphere. It's the one where we interview
Speaker:fascinating CEOs and founders of the leading vertical farming companies from around the world.
Speaker:I'm your host, Harry Duran. Last week we had a special episode, round 2,
Speaker:with co-founder and managing director at Cultivated, Eric Levesque. Regular
Speaker:listeners are no strangers to the great team at Cultivated. It was great to
Speaker:get an update on their recent Series A $3 million round
Speaker:and some of the new projects they had in the works. And it's always fun
Speaker:to hear what's happening in their world as they're connected to so many
Speaker:interesting projects that are getting off the ground. This week I have the pleasure of
Speaker:speaking with Dandridge Melchin, the CEO of Vertical Growth Farming Systems. It's an
Speaker:organization that's seeking to change the way that the world approaches hunger,
Speaker:malnutrition, natural disasters, and the effects traditional farming has on our
Speaker:environment through their unique container farms. And in this episode,
Speaker:we discuss the vertical farming landscape, competitors to their system,
Speaker:and how Dandridge's entrepreneurial spirit has contributed to his success in this
Speaker:immensely important field. We talk about the future of farming and why education is
Speaker:critical if we as a planet are going to be able to adapt to
Speaker:agricultural challenges we're soon facing. Dandridge shares his profound
Speaker:belief in the project and talks more about his mission to change the way the
Speaker:world feeds itself. Really love hearing stories of
Speaker:entrepreneurs, as I am one myself, and this is really an
Speaker:inspiring conversation. I know you'll like it. Excited to be partnering once
Speaker:again with Indoor AgCon. Whether you're starting up or scaling up, Indoor
Speaker:AgCon can help you grow your vertical farming business. This year, the premier trade show
Speaker:and conference for vertical farming and controlled environment agriculture heads to
Speaker:Caesars Forum Las Vegas. I'm tempted to
Speaker:do an Elvis impersonation, but I'll hold off on that. It's going to be February
Speaker:28th through March 1st this year to co-locate with the National
Speaker:Growers Association Show. You can explore an expo floor filled with
Speaker:new product resources and business solutions, attend educational sessions
Speaker:by the top CEOs and thought leaders, and connect with peers, grocers, and
Speaker:other potential new business partners at great networking events.
Speaker:And it's looking like I'll actually be there myself, so Be on the lookout for
Speaker:me. I'll see if I can get some t-shirts made for the podcast
Speaker:to make it easy. And I'll also be looking to connect with some previous hosts.
Speaker:You can save an additional 25% off registration with our new promo code
Speaker:VFPOD22.
Speaker:That's VFPOD22. And you can learn more about the
Speaker:conference at indore.ag. As always, ratings and reviews can be
Speaker:left at ratethispodcast.com/vfp. I'd love to read yours out
Speaker:next. All right, without further ado, let's get into this conversation with Dandridge.
Speaker:So, Dandridge Melton, founder of Vertical
Speaker:Growth Farming Systems, thank you for joining me on the Vertical Farming Podcast. Thanks for
Speaker:having me. It's a pleasure to be here. So where's home for you? I'm
Speaker:currently located in San Luis Obispo, California. So
Speaker:we're on the Central Coast, halfway between Los
Speaker:Angeles and San Francisco. I've been here 21
Speaker:years, but getting ready to move On the 15th of April, moving
Speaker:to Spartanburg, South Carolina. Wow. What's the
Speaker:impetus for that move? So I connected with
Speaker:an economic development group there called Upstate
Speaker:Alliance. Okay. And we're going to start manufacturing
Speaker:there this time next year. And so they have a lot of
Speaker:tax incentives, grant monies for small to
Speaker:medium-sized manufacturers like myself. So California has just
Speaker:become extremely difficult to, to, you know, start
Speaker:and run a small business. Yeah, I lived— I'm in Minneapolis now.
Speaker:I've been a bit nomadic. I grew up in New York, so I, I'm really
Speaker:very familiar with, uh, the East Coast. Left in 2014 and lived in
Speaker:LA for 4 years, so I'm also familiar with LA and that part
Speaker:of the country. Yeah, it's been challenging to see what's been happening there
Speaker:with everything related to the pandemic and the weather and the wildfires, and
Speaker:it's just been— and you could probably speak to that better, how crazy it's been.
Speaker:Yeah, I mean, it's, uh, I moved here with a— so this is my 5th
Speaker:startup, uh, 4th as a founder. And the one
Speaker:where I wasn't the founder, I was employee number 2 with a high-tech
Speaker:startup in Prescott, Arizona. And we moved here to, uh, St. Louis
Speaker:because of Cal Poly. We were a hardware and software
Speaker:developer, and Cal Poly is just a great engineering
Speaker:school. And our engineer was a Cal Poly
Speaker:alum, so we wanted to tap into that resource. That's what brought
Speaker:me to California. I'm originally born and raised in
Speaker:Northern Virginia, just outside of the DC Beltway. Okay. And yeah,
Speaker:it's been, it's like I said, this being my 5th
Speaker:startup, I've started a couple businesses here.
Speaker:California is, you know, just uber expensive
Speaker:pretty much on every level, just even, you know, daily living, you know, cost of
Speaker:milk, You know, I think I paid $4.89 for
Speaker:a gallon of gas yesterday. Wow. And again, just, you
Speaker:know, as a small business person and, you know, having
Speaker:limited resources, it's tough to start and grow a business in
Speaker:California. The, you know, the permitting, the cost.
Speaker:And yeah, outside of that, I mean, here, you know, Highway 1, they
Speaker:just had some more rockslides. We got a lot of rain the last couple of
Speaker:weeks and of course, the wildfires.
Speaker:It's a great spot here on the Central Coast. I mean, we're in
Speaker:some pretty nice wine country. Yeah. You know, the weather's typically
Speaker:always amazing. But my wife, and again,
Speaker:being from the East Coast, I have 4 siblings. My parents are kind of
Speaker:sprinkled from DC to Miami. So we're looking forward to the
Speaker:moves, you know, the 4 seasons and having our
Speaker:dollar go Much further than they can here in California.
Speaker:It's interesting, the 4 seasons, because I'm now in the Midwest and I
Speaker:never imagined I'd be here, but that's what love does to you
Speaker:sometimes. Yeah, love does make you do crazy things,
Speaker:right? Yeah. And so we went up north for New Year's.
Speaker:My partner's parents have a cabin up there and, and, uh, just about an hour
Speaker:and a half or 2 hours north. And he's like, you guys know it's -25
Speaker:right now? Oh man. It's like, well, we're gonna be in the
Speaker:cabin and it's only One day and then, then it warms up, it gets
Speaker:to -5. Right, exactly. Keep the fire going
Speaker:and bring your long johns. And I did do snowshoes for the
Speaker:first time ever. So that was fun. Oh, how was it? It was cool. Well,
Speaker:they're modern because I think I'm, I'm 51. So I'm like old school. And
Speaker:I— okay. When I think of snowshoes, I think of like these wooden things like
Speaker:Swiss Family Robinson. Totally. It wasn't that way at all?
Speaker:No, they're fiberglass now. They're really light. Probably not as big either, are
Speaker:they? No, not as big either and easy to use. And then the heel is
Speaker:not connected to the bottom. So as you're walking, you're sort of
Speaker:like— More natural. Yeah, it's more natural walking. It takes a little bit of used
Speaker:to, but then you are— you can, you can go in deep snow and not
Speaker:sink all the way in, which is fun. And I think with everything else, it's
Speaker:just— you spoke about the 4 seasons. I think there is something inherent
Speaker:about sort of like the birth and rebirth cycles and, and
Speaker:just experiencing the cold and knowing that that's short-lived. And then,
Speaker:you know, I did get spoiled being out in LA for 4 years. Just like,
Speaker:it would get to 55 and I'm like, Oh, it's chilly. No, totally that. I
Speaker:feel you on that, Harry. You know, just that kind of rebirthing, you know,
Speaker:it's just kind of, you know, the seasons. I mean, there's a reason we have
Speaker:seasons. Yes. And, you know, it's amazing
Speaker:summer here, like, you know, 360 days of the
Speaker:year. And of course, we were thankful for all the rain we got
Speaker:the last few weeks, but, you know, we're still in a drought.
Speaker:You know, we're We need so much more water to fall.
Speaker:There's not a lot of rain on the forecast. And this is our rainy
Speaker:season right now. So, you know, just hoping, praying
Speaker:for more rain. Yeah, it feels like that's always the
Speaker:conversation. I just remember like living there and,
Speaker:and you take it for granted growing up on the East Coast that just rain
Speaker:is normal. Like it's, it just rains every, every now and then. And then when
Speaker:you get there and you're like, It hasn't rained in like 3 months. It's crazy,
Speaker:right? And you get one day for like 2 hours and you're like, everyone's
Speaker:tweeting about it. You know it's extreme weather in California because people
Speaker:go on social media. Yeah, that's the, that's the only rain you got to get
Speaker:for the next 3 months. Yeah, or an earthquake too. I experienced
Speaker:a sustained tremor, which was like really interesting if
Speaker:you've never been through one as well. So yeah, I've been through a couple now
Speaker:that I've been here. Yeah, pretty Unless you've lived through one,
Speaker:it's one of those experiences like you can't really, you know,
Speaker:verbally tell someone like the experience until
Speaker:you've actually, you know, lived through one. And then it's like, holy
Speaker:mackerel. That's, you know, we certainly didn't get those
Speaker:in Fairfax, Virginia growing up. It's a weird—
Speaker:you're right, because you cannot explain what it's like to be sleeping in bed
Speaker:and just have the floor start shaking. And realize
Speaker:that you cannot do— you can't do anything about it. You just have to like
Speaker:hope. We're just wondering like, how long is this going to last? And I think
Speaker:it was maybe 20 to 30 seconds. It's just a long
Speaker:time. Yeah. Oh, it is. I think the first one I experienced was
Speaker:2000. I was down in Costa Mesa with our engineer.
Speaker:And I was sleeping at his folks' house. It was probably, you
Speaker:know, 1 or 2 in the morning. And I woke up to that whole thing.
Speaker:Bed was shaking, the The artwork was kind of doing the back
Speaker:and forth. Wow. And yeah, then, you know, what do you
Speaker:do? Do you stand in the doorway? Do you go for
Speaker:an interior room? I actually stood in the doorway and then I wanted to—
Speaker:I went to the front door, which is like apparently a no-no,
Speaker:right? You're putting yourself at risk kind of doing those things. But
Speaker:yeah, it's just a phenomenon that unless you kind of witness
Speaker:it yourself, it's It's hard to describe. Yeah. So when
Speaker:did you first get the entrepreneurial bug? So my first go
Speaker:at being an entrepreneur was, uh, 1993. I was
Speaker:playing, uh, professional basketball in the south of France. Oh wow. For a
Speaker:couple of years and came back in the spring of
Speaker:'93. And my girlfriend at the time,
Speaker:her brother was a successful studio drummer
Speaker:there in Phoenix. And it's about the same time the
Speaker:Spin Doctors, if you remember that band. I'm
Speaker:59, so we're not too far apart in age. Yeah, yeah. So the Spin Doctors
Speaker:had come out of Tempe. So there's a pretty nice music scene going on.
Speaker:And he said, hey, you know, I got a great idea for a business. You
Speaker:know, it's a place for bands to practice. Okay. And he
Speaker:took me to where bands were currently paying to
Speaker:practice. And I said, well, I can, I can do
Speaker:better than, than what's currently being done. And
Speaker:started, you know, I started with a 15,000 square foot building. And
Speaker:when I sold it, I had over 262 bands
Speaker:practicing there. I had a couple of— I was
Speaker:there 2 weeks and the band Megadeth showed up and
Speaker:they paid, paid my rent for the first 6 months. That's awesome. I should have
Speaker:asked them for twice as much. And then Dionne Warwick
Speaker:and UB40 practiced at my spot. Very cool.
Speaker:And then mostly, I mean, they were all, you know, for the most part, just
Speaker:local, you know, guys that had a day job that, you know, want, you
Speaker:know, the aspiring professional musician. So that was
Speaker:my first go at that, at being an entrepreneur.
Speaker:And then I hooked up with this startup
Speaker:company and in Prescott, northern Arizona,
Speaker:and that's what moved me here. So that was my
Speaker:second— I was employee number 2. That was Slow
Speaker:Veg, right? No, that was my third go. My
Speaker:third go. So the high-tech startup
Speaker:was super successful. We won Best of Show at
Speaker:what's now called the Consumer Electronics Show in Vegas, the
Speaker:CES. We won Best of Show. Wow. We had
Speaker:some RFID, some asset tracking software,
Speaker:hardware. And then I watched— we went through about
Speaker:5 CEOs and about $30 million
Speaker:in a couple of years and just watched them piledrive the company in the
Speaker:ground. It was— wow. It was, you know, I learned a lot, but it
Speaker:was extremely disappointing. I mean, we had a lot of promise with
Speaker:our technology, but just couldn't get the right people at the
Speaker:at the leadership positions to, to move us forward. So,
Speaker:and then 2009, of course, we all remember the economy.
Speaker:2009, I, I got the idea
Speaker:here in St. Louis to start a home-delivered, locally grown
Speaker:produce company, a CSA, and started that
Speaker:with 28 customers and sold it with almost 3,000
Speaker:back in 2016. What was happening in your
Speaker:life? Like what, How did you even get the idea for that? So the truth
Speaker:about the, so that idea, so I,
Speaker:my mother had passed away in '05 there on the East Coast. So I
Speaker:went back and was living in the town where I
Speaker:went to high school close to my dad. And so I
Speaker:came back here to San Luis Obispo in 2008. So I had, there
Speaker:was about a 2.5-hour or 2.5-year break
Speaker:when I left Slow. Moved back to the East Coast, came
Speaker:back. And so this is 2008, the economy's
Speaker:starting to tank. I went to 22
Speaker:job interviews. I didn't get a single offer. Wow.
Speaker:I was either, you know, kind of that, that quandary, you know,
Speaker:too expensive for, for the economy,
Speaker:or they knew I was going to take a, you know, $15 an hour
Speaker:job. And I was going to leave as soon as, you know, there was something
Speaker:better. So I didn't get a single offer. And I was
Speaker:watching TV at my house one night. I'd probably been back here
Speaker:about a month. And there was a show on TV, How I Made
Speaker:My First Million. And they had, you
Speaker:know, half of the show was about this scientist, the guy that
Speaker:invented the Super Soaker, right?
Speaker:The big squirt gun. Yeah. And so I watched that. And
Speaker:then the second half of that show was about this husband and wife
Speaker:who had started a company in the Bay Area called Planet Organics.
Speaker:Okay. And they had started 13 years prior. They
Speaker:did, they had one van, 8 pieces of local
Speaker:produce, organic, certified organic produce. And so
Speaker:the show was 13 years later. They had 48 vans, did
Speaker:almost $30 million in gross sales. And then in that show, they
Speaker:asked the husband and wife, the founders, like, who is your
Speaker:customer? What is the demographic? And they said, well, they're health
Speaker:conscious, they're environmentally conscious, they understand
Speaker:sustaining local economies. And I looked at
Speaker:my girlfriend and I said, man, that's exactly the person that
Speaker:lives here in San Luis Obispo. You know, they, you know, checked all those
Speaker:boxes. And so I literally got up the next morning, Called
Speaker:one of my basketball buddies who was the assistant dean at the School of
Speaker:Agriculture here at Cal Poly. And I said, hey, I got this
Speaker:crazy idea about a home-delivered produce company. And he hooked me up
Speaker:with the School of Ag and some seniors did a
Speaker:feasibility study. And I literally took about the
Speaker:next 9 months and wrote a business plan, learned
Speaker:about, you know, pricing in the ag industry. And,
Speaker:and then launched, like I said, June 15th, 2009 with
Speaker:28 customers. And, you know, again, the economy was,
Speaker:you know, tanking. And I just— man, it just took
Speaker:off. It was amazing. You know, like I said, I
Speaker:sold it back in '26, July of 2016.
Speaker:So 7 years later with almost 3,000
Speaker:customers. That's a nice story. What I love is
Speaker:sometimes how the threads of connections. You don't
Speaker:necessarily understand them when they're happening. And you mentioned like you, one of your
Speaker:teammates from the basketball team ended up being the person that you reached out
Speaker:to when you had a question about it because he happened to be in a
Speaker:position that would be helpful. And I don't think you'd ever imagined
Speaker:when you went to go play basketball there that you'd be building relationships that, you
Speaker:know, would be beneficial and be helpful for you sometime in the future.
Speaker:Yeah. I mean, it's— so I have learned this about, you know, my, you know,
Speaker:the pickup playing hoops in the pickup gym, right? It's like
Speaker:every genre of occupation is represented, right? You
Speaker:got your brain surgeon, you got your
Speaker:HVAC guy, you've got your lawyer, your
Speaker:plumber, your restaurant owner,
Speaker:barber. And so over
Speaker:time, to your point, you just
Speaker:never know when those relationships are going to kind of manifest in the
Speaker:something you never even thought about. And, you know, thankful
Speaker:that, you know, of course, just playing pickup, it's just, we're just playing for
Speaker:fun. So those relationships are typically healthy.
Speaker:Yeah. It's sort of like the court is the great equalizer.
Speaker:It is, in fact. Right. Yeah. So, you know, what did
Speaker:you do after then? Did you kind of sit, you know, after you exited that,
Speaker:did you sit and try to figure out what your next move was going to
Speaker:be, or did you have something in mind? Well, I had nothing. Well,
Speaker:I had, so when I sold it, I actually, in that
Speaker:sale agreement, I partitioned off
Speaker:the North County of San Luis Obispo, Paso Robles, kind of this
Speaker:other half. And I was going to just
Speaker:replicate my business model up there, you
Speaker:know, use the same farmers, same demographic. Okay. And
Speaker:then I, Ran into again one of my other
Speaker:basketball friends who's actually an HVAC
Speaker:contractor here. And actually, we ran into each other the
Speaker:day I came to an agreement with the buyer of
Speaker:my CSA. So I worked for him for a while,
Speaker:kind of in an interim capacity, kind of till I
Speaker:figured out what my next step was. And in that moment,
Speaker:a builder here on the coast came up to me and said, hey,
Speaker:you know, we're not really digging your boss, but
Speaker:we like you, Dan. And across the street over there,
Speaker:next year we're going to build 125 more
Speaker:houses and we would like you to be our
Speaker:HVAC contractor. And I said, well, you
Speaker:know, I know nothing really about the industry. How can I get a
Speaker:license? You know what? How does the math play out if I were to do
Speaker:that? And so it took me about 2 weeks to figure
Speaker:out I probably should have been an HVAC contractor my whole life
Speaker:because the money is exceptional. Really?
Speaker:And, you know, I, I met the criteria for my
Speaker:California HVAC contractor's license, you know, took
Speaker:the test, did all the, you know, submitted all the proper, you know,
Speaker:required paperwork and got my HVAC
Speaker:license here in the state. And then partnered with that
Speaker:builder and did, I don't know, roughly about
Speaker:325 all new homes, new construction.
Speaker:And about a year into it, I realized
Speaker:I was, though I really enjoyed the cash,
Speaker:I wasn't having any fun doing it. It was, you know, like model 1
Speaker:is model 1 for the whole subdivision. Yeah. Right. So the
Speaker:parts are the same. Very cookie cutter. Right. Totally cookie cutter.
Speaker:And I just got— I did. I just got bored with it. And then
Speaker:I, you know, at that point I knew just within myself I needed,
Speaker:you know, I needed to start looking for something else. And I had gotten the
Speaker:idea about this vertical farm about 4
Speaker:years ago. And so I, you know, I met my
Speaker:contractual obligations with the builder and said, hey, you know, I've
Speaker:got to move in a different direction. And so You know, this month
Speaker:makes 2 years I've been working on this current endeavor, my
Speaker:5th, my 5th startup. Do you remember when
Speaker:vertical farming came on your radar? I do. It was, truth be
Speaker:told, back when I started my home-delivered produce company here. I
Speaker:had one of my customers come up to me,
Speaker:and she was actually a rep for a product called the Tower Garden,
Speaker:which I'm sure you're familiar with. Yeah, I'm I've heard of it. Yeah. So it's
Speaker:kind of a— it's about half of a wine barrel made out of
Speaker:plastic. That's the reservoir, has about a 4-inch
Speaker:or 4-foot-tall tower that can grow about 30
Speaker:plants in that tower. And, you know, has a fish
Speaker:pump that kind of percolates the liquid nutrients on top of
Speaker:that, and they kind of trickle down on the roots, you know, kind of. And
Speaker:it's great for, you know, kind of a a back patio or
Speaker:back balcony. And she wanted me to sell it to my
Speaker:customers there at Slow Veg. And I said,
Speaker:absolutely. I mean, this is amazing. How much is that? She's, oh, well, this is
Speaker:our base model and it's $499.
Speaker:And I looked at it and thought to myself,
Speaker:wow, that's about $40 worth of plastic. And a
Speaker:fish pump. And $499 just seems
Speaker:a little over the top. So I immediately pivoted and said, hey, how
Speaker:about if I become a distributor? Smart. She said, well,
Speaker:then your cost is like $299. So then I was still
Speaker:going, man, that just seems super
Speaker:expensive. But that was my introduction to vertical farming.
Speaker:I didn't know anything about it. I didn't know what you could grow or
Speaker:if And I knew zero about it. Since that moment,
Speaker:2009, even through today, I'm still tracking
Speaker:the development industry of vertical farming.
Speaker:And then again, about 4 years ago, I just kind of— the
Speaker:light bulb went off in my head and it's like, man,
Speaker:it's— So they, as you well know, it's, you know, in
Speaker:shipping containers, it's a controlled environment or it's
Speaker:repurposed warehouses and urban environments. which are all
Speaker:magnificent, but they have some limitations, right? They have
Speaker:kind of that control environment just mandates
Speaker:a substantial energy requirement to manage
Speaker:the heating, cooling, lighting, hydroponic components. I
Speaker:mean, you can't— it's on the grid. And so I got the idea
Speaker:like, man, why can't we just kind of take the, you know,
Speaker:solar hydroponic vertical
Speaker:And kind of put those parts and pieces together in a really
Speaker:dumbed-down fashion, you know, to get to the guy that,
Speaker:you know, lives somewhere that's not getting good food but isn't close
Speaker:to this urban environment or close to the grid. Yeah.
Speaker:And did any of the experience in HVAC help in
Speaker:terms of like on the mechanical side? I'm just curious about that. No. So I
Speaker:actually am part of, currently still part of So Cal
Speaker:Poly, you know, again has a, they have what they call a hothouse,
Speaker:an incubator program for, you know, aspiring entrepreneurs.
Speaker:But in parallel to that, they have, it's supported by the Small
Speaker:Business Association called the Small Business Development Center. So
Speaker:that, that runs in parallel to the incubator hothouse.
Speaker:I applied for that January last year, got accepted.
Speaker:And so I get all those Cal Poly resources
Speaker:for free. And so last school year, I had 7
Speaker:seniors and 3 PhDs helping.
Speaker:I had 5 industrial technology students. Wow. Plus
Speaker:the department chair and another PhD. So
Speaker:they have, they've given me like 40 pages of white paper to tell
Speaker:me exactly how this production, you know, we've got to come in the front right,
Speaker:front left corner of a warehouse. And we're going to— it's going to be just
Speaker:a blank 20-foot shipping container and it's going to move around the
Speaker:interior perimeter and it's going to come out the other
Speaker:corner, front corner, ready to ship. And so, you
Speaker:know, that information would have, you know, if I had hired an
Speaker:engineering firm, would cost me, you know, $100 grand. I got it for
Speaker:free. The kids got a great experience, you know, putting it together.
Speaker:And then I had 2 more students kind of on the entrepreneur, on the business
Speaker:side of Cal Poly that did my websites,
Speaker:started going down the path with kind of that social
Speaker:media. You know, I am of the age, as I said,
Speaker:59, where, you know, those platforms, those social
Speaker:platforms, Instagram, TikTok, you know,
Speaker:how often do you do it? When do you do it? You know, I missed
Speaker:all that, right? That was, that came after my kind of professional
Speaker:life. So those students were invaluable
Speaker:in, you know, helping me understand
Speaker:how the messaging needs to happen once I kind of start rolling this
Speaker:out. So I think some of the questions folks might have that
Speaker:are familiar with the space, it runs the gamut, as you've alluded to.
Speaker:And we've had folks here from Freight Farms who do
Speaker:focus on the shipping containers, which I'm sure you are familiar
Speaker:with them. And then obviously to the the Bowerys, the Plenties, the AeroFarms.
Speaker:Yeah, yeah. You know, the, the mega large operations.
Speaker:So part of what is important, I think, is educating folks as to the
Speaker:different options. And that's why our, our platinum sponsor Cultivate has
Speaker:been really helpful as, as an entry point for people who are interested.
Speaker:You know, they kind of see where their interest lies, and then they direct them
Speaker:to the appropriate project, and then it's free to them because the partner pays
Speaker:cultivated. So that's, that's how they make their money and they're able to
Speaker:serve more people. So yeah, we always talk about on the show about the
Speaker:education process. And so as you yourself are getting educated in
Speaker:opportunities and how you want to sell this and who— what would be a good
Speaker:market for this farm, how do you distinguish what
Speaker:vertical growth farming currently offers? So I think that
Speaker:we are— I mean, we're going to be a game changer in
Speaker:the vertical farming space. And I say that for a couple of reasons.
Speaker:So yes, you've got your, you know, your what I call industrial
Speaker:size guys in vertical farming, you know, both as well
Speaker:as, you know, the venture capitalist money where they're putting it in vertical
Speaker:farming. Yeah, it's all these, you know, kind of behemoth
Speaker:implementations, right? And I've watched Freight Farms, you know, for
Speaker:the last 11 years and And they're amazing. Their
Speaker:product's amazing. They definitely, you know, they're on
Speaker:whatever the radiation of, you know, the next rev of their
Speaker:product. So they're just bigger, better, stronger than they were when they started.
Speaker:But again, those are all, they are handcuffed
Speaker:to the power grid and they require a lot of power
Speaker:because they are climate-controlled environments. And Mother Nature,
Speaker:as we all know, she's a beast. She's going to hunt
Speaker:down agricultural efforts even in controlled
Speaker:environments and try to make mold
Speaker:happen, or she's just going to try to beat you up at every
Speaker:turn. And so what differentiates us from—
Speaker:well, certainly we're not of that size and scope. So I would
Speaker:say who I consider indirect competitors
Speaker:are only 2 companies today. One's called Farm From a
Speaker:Box. They're based out of the Bay Area. So they have a 20-foot
Speaker:shipping container, you get 2 acres of drip
Speaker:irrigation. So you get about 80,000 feet of drip
Speaker:irrigation. They're totally off the grid, you got to have a
Speaker:freshwater source to kind of hook up to. And then they
Speaker:have a cold storage so you can— inside the
Speaker:container so you can take the output of those 2
Speaker:acres and give it some shelf life. So I met with the
Speaker:principals a couple of years ago when I just started down this
Speaker:path with my project, and they were very forthcoming. They're like,
Speaker:hey, you know, we lost sales because the potential customer,
Speaker:the soil wasn't any good. And just because you give it water
Speaker:doesn't mean you get to grow things, right? So they lost sales.
Speaker:And then they had some sales that took more than 3 years to
Speaker:Totally, you know, beginning to, you know, getting the check cut to them
Speaker:because those customers did want to amend the soil.
Speaker:And then that takes, you know, 2 or 3 years to amend soil to
Speaker:then put it on and start farming. So
Speaker:they're— and they've done very well. I think they're 7 years
Speaker:old this year, 7 or 8 years old. I think they're, you know, millions
Speaker:in sales. So they're doing— Well, but they are
Speaker:handcuffed by the soil.
Speaker:So I've taken, you know, ours is soilless, no soil.
Speaker:So that's out of the equation. And then the other who I just
Speaker:found last summer was Farm in a Pod.
Speaker:They're currently based out of St. Croix, US Virgin Islands,
Speaker:and they actually are an aquaponic vertical farm.
Speaker:And so they're like us, you got to have
Speaker:freshwater source. But once you land their 20-foot
Speaker:container, they give you on the inside, they kind of give you the parts and
Speaker:pieces to build a greenhouse on top of that
Speaker:container. That's where the vertical tubes are all hanging.
Speaker:Okay. And then interior below is where the aquaponics
Speaker:fish are. And I spoke to the principal there as well
Speaker:in August and I was looking at his website,
Speaker:kind of checking him out before I called. They've gotten a
Speaker:prototype. They're not in production yet. They're on St. Croix
Speaker:because they know they need to be next to a port to get
Speaker:it, to ship it. And I started looking at that and I was like, okay,
Speaker:so what happens when the fish die? Because they got a
Speaker:shelf life. Okay. And then what happens when you—
Speaker:harvest the crop, like, how do you
Speaker:reload it? Well, we have a grow room in our
Speaker:shipping container, so we can go from seed to seedling, and we
Speaker:have a walk-in cooler, and it's all driven by
Speaker:solar. So we're completely off the grid. And so,
Speaker:you know, I've been talking to the Future Farmers of America. So we're going to
Speaker:roll out 3 pilot programs this year here in the
Speaker:next 6 months. We're going to do one at my Future Farmers of America
Speaker:chapter at my old high school. That's to talk about coming full circle.
Speaker:Right, exactly. Because kids need to understand. So there's a, you
Speaker:know, some say that by 2030, we're going to be out of complete— the earth
Speaker:is going to be completely out of topsoil. And some say it
Speaker:could be 2050. So even if you go 2050, we're
Speaker:out of topsoil. That's why regenerative farming is really picking
Speaker:up because we've learned that disking and just destroying that
Speaker:ecosystem. You know, that first 6 inches is
Speaker:problematic to the health of the soil. But ours,
Speaker:you know, if I sell my product to the
Speaker:FFA chapter in Chicago, for example, come November 1st,
Speaker:2 kids can disassemble it within an hour,
Speaker:shove it all back in the shipping container, lock the doors, put a lock
Speaker:on it. And then come April 1st in Chicago, Open
Speaker:it back up, set it back up, start growing
Speaker:again. And then of course you can take the output of
Speaker:the farm. So our particular design produces
Speaker:1,700 super nutritious plants every 60
Speaker:days if you had a— if you could grow year round. And
Speaker:so then you can take that output if you're an FFA chapter,
Speaker:put it back into your food costs for the cafeteria.
Speaker:You know, and it's, you know, uber nutritious. Or
Speaker:you could say to those kids, hey, go sell those 1,700
Speaker:heads of lettuce in your neighborhood and we can raise, you know,
Speaker:$1,700 to go to the national convention. You know, you can,
Speaker:you know, they could do it however they want. So those things really
Speaker:differentiate us from even those 2 kind of,
Speaker:you know, closely related Competitors. And when you said
Speaker:that, what I immediately thought of was being asked to sell chocolate bars
Speaker:when I was in grade school, and now it's heads of lettuce. Yeah,
Speaker:exactly. I mean, I was on the tennis team, I was in band,
Speaker:I was on the debate team in high school. I was kind of that geek.
Speaker:And of course, all of those, you know, if you're not like football, if
Speaker:you're not a major sport in a high school, you know, you got to come
Speaker:up with your own funding. And I'm sure that's probably true today to some
Speaker:extent. So how important was it to— you
Speaker:talked about the ability for the 2 students to tear it down and
Speaker:lock it up for the season, and you talked about the ability to work with
Speaker:the, the high school. Looking forward, and this is some of the
Speaker:conversations we've had on the show, but how important do you think it is, the
Speaker:education aspect of like educating, involving the community,
Speaker:having them, you know, self-sustainability, this idea of like
Speaker:growing crops to to fund projects?
Speaker:How do you think about those things going forward? Well, I think they're paramount,
Speaker:actually. I mean, you can't move forward without a
Speaker:good foundation of education. And we're running
Speaker:out of, you know, the population continues to grow.
Speaker:We are losing farmable land. So this, again, just world—
Speaker:in a worldwide kind of scope, right? You know, We're growing
Speaker:in population, we're losing farmable land. And so
Speaker:those are diametrically opposed to each other. So how do
Speaker:we, you know, what's the solution? What's a
Speaker:viable solution? Well, you're running out of space,
Speaker:you're running out of good soil. Vertical farming is going
Speaker:to just continue. Whatever it is today, it's going to be more
Speaker:important tomorrow. I firmly believe that. And so those—
Speaker:Yeah, those youth coming, you know, coming up
Speaker:are going to have to understand, you know, the
Speaker:engineering, the science, the methodology. So
Speaker:I, that's kind of my, you know, my segue into the
Speaker:FFA is we're going to do this pilot and I'm going to go to the,
Speaker:you know, the DC, talk to the national, you know,
Speaker:organization and go, hey, you have 8,600
Speaker:chapters. Sprinkled around the US. You know, of course,
Speaker:for myself, I would like to sell them 8,600 units.
Speaker:Yeah, but at least let's get it out there. And you know what I—
Speaker:what, you know, some of the kind of the darker
Speaker:aspects of what I've learned. So for example,
Speaker:pre-pandemic, there was roughly 690 million people going to
Speaker:bed hungry every night. Now that number's 820.
Speaker:Wow. Of that 820, roughly 40
Speaker:million are right here in the US of A.
Speaker:Of that 40 million, 13 million are kids
Speaker:to mostly single mothers. One of our other
Speaker:pilots, we're talking to the Navajo Nation because
Speaker:unfortunately, you know, it's not in any history
Speaker:books that I ever read growing up, but, you know, We came,
Speaker:we took the best land because that's where the
Speaker:Native American was habitating and said, hey, go to
Speaker:Northern Arizona where there's no water and there's no soil
Speaker:and you guys live here. Well, believe it or not, you know,
Speaker:like there are communities within the Navajo Nation today that
Speaker:don't have access to fresh water. Now that just— Wow. That
Speaker:makes me mad. Right. And so, you
Speaker:say, hey, if you had— here's how the math
Speaker:works with our system. If you had 8 of those shipping containers,
Speaker:8 by 20, if you had 8 of them, we can feed a family of
Speaker:100 for a year with healthy
Speaker:calories. So— What kind of crops are you growing? So,
Speaker:we're growing super nutritious leafy greens, right? We
Speaker:got the rainbow chard, the mustard greens, You know,
Speaker:in Africa or outside of the US, a lot of
Speaker:the world eats dandelion because it's like
Speaker:kale on steroids, right? Super healthy. Yeah. Well, what did we
Speaker:do here in the US? We made a weed killer for it, right? So,
Speaker:not that smart. But so, that's why, you know, I've
Speaker:been engaging, you know, part of this 2-year run I'm on is talking to
Speaker:like the World Food Program, Action Against Hunger, Feed
Speaker:America, Because they're the ones that are going to
Speaker:purchase our product and deploy to, you
Speaker:know, those underserved communities throughout the world. But we have
Speaker:them again, we have them right here in the US. Yeah. And so, you
Speaker:know, your urban planners, your city planners, community
Speaker:gardens. Now, you know, when, when city planners,
Speaker:urban planners are like mapping out growth,
Speaker:they are in fact putting gardens on the map. And so
Speaker:it's like, hey, drop one of these in here. And then you
Speaker:can, you know, an inherent attribute
Speaker:to our system is whoever's kind of the
Speaker:steward or the farmer of the system can now
Speaker:become an entrepreneur. For example, if I were to tell
Speaker:someone in Kenya, okay, we're going to teach you
Speaker:educate you, service and support you,
Speaker:and you're going to grow 1,700 heads of lettuce every
Speaker:60 days. You only need so much for your family. So
Speaker:what are you going to do with the other output? Well, you're going to barter,
Speaker:trade, sell, and you're going to raise your own economy
Speaker:by participating in the farming of our system.
Speaker:I think what's important also is it's a long game. And I think people
Speaker:need to realize that because part of what you mentioned is the education process.
Speaker:And also weaning people off these habits they have because they've been given
Speaker:access to cheap food, cheap junk food, fast food.
Speaker:And there's part of that is going to be,
Speaker:maybe it's a new generation, but just teaching people healthy eating
Speaker:habits because you could have the farm on site, you could have
Speaker:it at a competitive price, and you could make sure that they
Speaker:know that they have access to it, but they also have to believe that that's
Speaker:something that they want. And so You know, it's an interesting challenge
Speaker:that the industry is going to have because I think there's no shortage of projects
Speaker:that are going to make this more accessible. It is education.
Speaker:You do have to teach people how— the entrepreneurs in that cohort are going to
Speaker:have to understand how to manage this, run a successful business, you know,
Speaker:not go broke, not lose money, and also how to market it. And so
Speaker:there's so many moving parts, but I think the education of
Speaker:not only the people running these but also the You know, making
Speaker:it sexy, I guess, you know, making produce sexy. I
Speaker:don't know. Yeah. I mean, that's a challenge of itself, but I think you're right.
Speaker:And I think, you know, if you look just for example, like how
Speaker:the non-meat, the vegan industry, right? It's accelerating
Speaker:right now. I mean, KFC is, I mean, is coming out with, you
Speaker:know, meatless chicken, right? So I think
Speaker:societally we are starting to realize like the
Speaker:Gutbuster Mountain Dew, every day is going to
Speaker:lead to diabetes. Yeah. It's going to lead to poor health.
Speaker:You know, let's not, you know, but again, that comes at an early
Speaker:age, right? That you got to teach kids like, hey, instead of,
Speaker:you know, grabbing for a Coke, you need to be grabbing for just a
Speaker:good old glass of water. Yeah. And if you want to eat
Speaker:something, you know, here's, eat a piece of fruit and not
Speaker:a Snickers bar. So I think that's happening at a very— it's
Speaker:a low rumble right now, right? It's percolating.
Speaker:But it's going to be key to, you know, as we move forward, for
Speaker:kids to understand, like, hey, you know,
Speaker:you can't just go plant some more food.
Speaker:You know, you just can't, you know, that's not an
Speaker:actual remedy to, you know, feeding.
Speaker:And so what are the remedies? Well, vertical farming. And if you live in a
Speaker:city and not far away from one of those behemoth
Speaker:converted warehouses, you know, if you're kind of
Speaker:out in, you know, out in the woods in Kentucky,
Speaker:you know, for that family, you know, how are you going to feed
Speaker:your kids healthy every night? How's that going to happen? Yeah, it
Speaker:reminds me of the challenge when people talk about Broadband
Speaker:access to everyone, fiber optics, there's always like that question about the last mile,
Speaker:like how do you get into the household? And it feels like there's something
Speaker:similar here, like to your point, you know, it's helpful to have
Speaker:the awareness of having the big box, you know, vertical farms,
Speaker:but they're likely making partnerships with supermarkets who traditionally have
Speaker:not been in these areas. And so how do you, you know, there is a
Speaker:hybrid solution here where you educate people and make it accessible. And I
Speaker:think the more people in the community see like a family
Speaker:member or see a neighbor, you know, express an interest in them or
Speaker:purchase a vertical farm, you know, it's just like the curiosity effect. I think
Speaker:building up curiosity around what's happening in this industry, I think, is really
Speaker:helpful. And a younger generation, I think, sees vertical farming as something
Speaker:cool. Like, you know, when I grew— when I lived in New York, it used
Speaker:to be cool to have like a chicken coop in Brooklyn, right? Yeah, exactly. Or
Speaker:on your roof, you know, and that was like, you know, something the hipsters did.
Speaker:But now it's like, you know, maybe it's a vertical farm or maybe it's something
Speaker:similar. And I think with the sort of— we got
Speaker:awoken up, you know, the past 2 years with the pandemic and the
Speaker:importance of this. And I think people are aware, it's top of mind, and they
Speaker:are looking for alternative solutions. So, you know, I keep harping on this on every
Speaker:episode, but the more people are talking about this, the more there's
Speaker:different opportunities available. And I think what you're doing and the
Speaker:partnerships and alliances you've built with some of these organizations, with the
Speaker:university, and thinking bigger about going to DC and having those
Speaker:conversations, I think is really important. Yeah. I mean, I'm excited.
Speaker:I am, to be totally forthcoming. It's been—
Speaker:when you talk to any philanthropic group
Speaker:like the Bill and Melinda Gates Foundation, there's a reason there's not a phone
Speaker:number on their website. It's kind of the same with the World Health
Speaker:Organization and Action Against Hunger. I mean, they,
Speaker:they, you know, they're just a huge bureaucratic
Speaker:machine. And so, you know, I continue to work myself up the
Speaker:food chain, if you will, to the guy that's going to, you
Speaker:know, take a hard look at our, at our product, try to understand,
Speaker:you know, the methodology, how to implement. And those
Speaker:relationships take time. And so we're really hoping, you
Speaker:know, with these 3 pilots, you know, we're going to get some great
Speaker:intel. You know, we're gonna have one in Phoenix, Arizona to
Speaker:kind of mimic sub-Saharan Africa. So, you know, are we
Speaker:watering those 1,700 plants, you know, 8 times
Speaker:a day, or 15 times a day because it's
Speaker:110 for 60 days in a row? And then what
Speaker:plastic parts are problematic. And, you know, so we're going to get
Speaker:some good intel from, you know, having those being
Speaker:deployed. And then, you know, hopefully, like
Speaker:I said, you know, this time next year, start, you know,
Speaker:actually producing them and kind of getting them up out and rolling
Speaker:into the communities, you know, here, here in afar.
Speaker:That's gonna be exciting. A couple of questions as we wrap up. What's
Speaker:a tough question you've had to ask yourself recently? So the—
Speaker:so we have just started down the path of fundraising. Okay.
Speaker:I've done all my appropriate SEC, state, and federal filings,
Speaker:you know, to engage investors. So I'm definitely a
Speaker:compliance-driven person. You know, I didn't want to get the cart
Speaker:before the horse. And so for my potential investors here, and I've got
Speaker:about 30 guys here in St. Louis that are, you know, some
Speaker:percentage are going to help me. With this endeavor.
Speaker:And so the biggest question has been, do you have a working
Speaker:prototype? You know, guys want to kick the tires. Hey, I'll
Speaker:give you some money, Dan, show me it working. So I
Speaker:totally get that. And that's really been the— and we've just gotten to
Speaker:that. So, you know, next week I'm going to take 15 guys
Speaker:on a Wednesday and do my show and tell, if you will,
Speaker:there at the working prototype here in San Luis. and then
Speaker:15 more guys on Thursday because the only
Speaker:component today that I can't buy off the shelf is the
Speaker:actual grow tube. And the reason for that is because they're going to be
Speaker:sitting out in the sub-Saharan sun,
Speaker:so they have to be food-grade and they also have to be
Speaker:UV resilient, right? Yeah. And so that
Speaker:I can't buy today off the open market. So And to buy the
Speaker:tool to make the tube is about $80,000.
Speaker:But once I buy the tool, I own the tool. Yeah. So
Speaker:really the hardest part has been, well, the
Speaker:hardest questions, the hardest one's been from my wife.
Speaker:Like, hey, when are you going to make some money? Yeah.
Speaker:Because I've been self-funding for 2 years
Speaker:now. So Thankful for her and her support,
Speaker:for sure. And then the other one's like, hey, when you got to have a
Speaker:working prototype? You got to you got to show us. You know, you
Speaker:can look at this amazing little 45-second video I
Speaker:have of the kind of the system, which looks great
Speaker:and is very you know telling in the 45
Speaker:seconds. But you know again, it doesn't prove to
Speaker:a potential investor that. hey, this is a viable
Speaker:product. So yeah, I think having them on the ground
Speaker:kicking the tires and, uh, you know, working with what you have
Speaker:and being able to touch it, I think, really puts
Speaker:the real use case in front of their eyes and they can see the application
Speaker:of it. And then having you describe how it's going to work. So maybe just
Speaker:related to that, since you have the stage, is, is there an ask of this
Speaker:audience that you have? Well, so I would first
Speaker:just steer them towards my website, which is
Speaker:verticalgrowth.farm and just see, you know,
Speaker:what we're trying to get to. And then, yes, I mean, you can
Speaker:reach out to me if there's any interest in investing.
Speaker:You know, my website has my email address on there. Please feel
Speaker:free. We really feel we've got a game changer because
Speaker:first of all, those 2 other kind of competitive
Speaker:products, they start about $72,000. And kind of,
Speaker:you know, if you add kind of the bells and whistles, it starts creeping
Speaker:up just like Freight Farms. You can get the basic model like you buy a
Speaker:car, right? Yeah. Our model is going to be right about
Speaker:$40,000. Okay. And so, you know, we're
Speaker:excited about the price point entry into the market. And,
Speaker:you know, my thanks to you is, you know, I want to— I've got to—
Speaker:I'm kind of in that, hey, let's start putting it out to the world.
Speaker:And kind of see what we, what we, you know, feedback we get back from
Speaker:our efforts. So, and today the most important thing is, you know,
Speaker:funding. You can, you know, every, everything needs funding.
Speaker:Yeah. The good thing is that even with the, the
Speaker:visibility of the bigger names coming in, the VC money coming in, it still like
Speaker:creates that buzz so that other investors who are not at that level and,
Speaker:you know, maybe speaking to some of the folks that you have locally, I think
Speaker:they see it, they, probably not ready to play at that space, but they know
Speaker:someone personally that's doing something. So they're like, well, the market is
Speaker:validating that this is a— there's a lot of movement here in a positive
Speaker:direction, I think. So that sort of, I would think, helps your case as well
Speaker:because they're like, okay, tangentially they see, okay, this is part of that wave
Speaker:and I want to, you know, get in on the ground level and this might
Speaker:be a good opportunity. No, I think it is just that. So we've taken on
Speaker:some investors. We just started taking on investors about 3 weeks
Speaker:ago. And, you know, they're personal friends. I've known
Speaker:them 21 years. They're all local people. And they're, you
Speaker:know, so I've got 5 investors. 3 of them are
Speaker:just really into it for the purpose of it, right? So that's your
Speaker:social impact investor. They're not really in it. I mean, they
Speaker:want a return, but they're doing it because they know
Speaker:the world needs help and this can help the world. Yeah. And then
Speaker:you have, You know, a couple of them are like, yeah, this is pretty amazing.
Speaker:And there's a lot of money in the space to be made. And
Speaker:you're early into the space. We want to kind of ride
Speaker:those coattails. And I think both are equally
Speaker:valid, of course. But we're definitely going to be more of the social
Speaker:impact investor. I mean, we're going to, you know, if you look at our
Speaker:financial projections, we're at about $80 million 7 years from now.
Speaker:Again, at $0.59, you know, I'm going to exit. We think we
Speaker:can take that, you know, stock— the stock today is
Speaker:being offered at $0.80. I think 7 years it could be
Speaker:$8 to $10. Of course, that's all speculation,
Speaker:right? I mean, that's the truth of it. But I think a
Speaker:majority of our investors are going to be that, that,
Speaker:you know, social impact, you know, like, hey, this is really a good thing.
Speaker:And it's going to do a lot of good. How can I help support it?
Speaker:Yeah. Well, Dana, for the listeners' benefit, we connected on
Speaker:originally LinkedIn, right? It was. So
Speaker:thanks for making that outreach. And there's so much happening in the space. As much
Speaker:as I'd like to think I'm on top of everything that's happening, I love like
Speaker:just one-off emails from folks that are doing interesting
Speaker:things. And so I'm glad you were persistent in sharing what
Speaker:you have working on. And I think it's that entrepreneurial spirit that you have that
Speaker:you just You got to do whatever it takes to get the
Speaker:word out when you're self-funded and you're bootstrapped, which I can definitely relate to as
Speaker:an entrepreneur myself. Yeah, for sure. And I'll tell you how I found
Speaker:you on LinkedIn. I literally Googled, like,
Speaker:who's the lead podcaster in vertical farming?
Speaker:And there you are, Duncan. It's like, okay, who is
Speaker:this guy? Started hunting him down. And I certainly
Speaker:appreciate your efforts on my behalf. You know,
Speaker:it's a, life's a journey and, you know, we're, we're all interconnected.
Speaker:So, you know, if you're not doing good, I'm probably not gonna do good either.
Speaker:So I, I really believe in that. Yeah. There is a rising
Speaker:tide lifts all boats aspect to this, which I think is helpful. Yeah,
Speaker:absolutely. So verticalgrowth.farm.
Speaker:Yep. Yep. .farm, which is a great URL by the way. So congratulations on snagging
Speaker:that. That's a nice one. And so we'll have links, obviously any
Speaker:resources that were mentioned here, we'll pull them together in the show notes. As well.
Speaker:And the contact information to reach out to you is on the site as well?
Speaker:Absolutely. Okay, well, I appreciate you sharing your story and your
Speaker:entrepreneurial journey and everything you're doing for the vertical farming community.
Speaker:I think it's really inspiring and hopefully gets other folks inspired to
Speaker:understand that you don't need a tremendous investment and there's room
Speaker:for, for you if you're just looking to get your feet wet, just get started.
Speaker:And I think this would be a good resource to check out. Absolutely.
Speaker:Thanks again for your time, Dan. Thanks, Harry, and, uh, Happy New Year to you
Speaker:and yours. Wish you, uh, you know, all the health, right? Stay
Speaker:healthy and, uh, and enjoy the Midwest
Speaker:as much as one can. I will. Take care.
Speaker:Thanks again to Dan Drew for coming on the show and sharing his story. As
Speaker:always, full show notes available at verticalfarmingpodcast.com. Thanks to
Speaker:our season 4 title sponsor, Cultivated. If you're looking for a vertical farm and don't
Speaker:know where to start or which technology would suit your needs, reach out to them
Speaker:today. Best of all, their service is free because they work on behalf of their
Speaker:partners. Learn more at cultivatd.com, and that's spelled
Speaker:C-U-L-T-I-V-A-T-D.com. Just leave out that last E.
Speaker:Don't forget to sign up for the Indoor AgCon conference at
Speaker:indoor.ag. Save an additional 25% off registration with our
Speaker:promo code VFPOD22.
Speaker:Podcast production and marketing provided by Fullcast. Sign up for a free
Speaker:chat at fullcast.co. And as a reminder, if you're enjoying this show,
Speaker:please leave us a rating and a review at ratethispodcast.com/vfp.
Speaker:We'll be sure to read those out on future episodes. Until we meet again, here's
Speaker:to your health. Thanks for listening. To read the full show notes for
Speaker:this episode, which includes any links mentioned in the episode, as
Speaker:well as a full show transcription, visit
Speaker:verticalfarmingpodcast.com. There, you can sign
Speaker:up for our email list to be notified when new episodes are published.
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