AeroFarms expands award-winning assortment of green leafy products

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NEWARK, New Jersey – (COMMERCIAL THREAD) – AeroFarms, a B-certified company and leader in vertical indoor farming, today announced that it is expanding its range of leafy greens to include 5 new items: Baby Bok Choy – The New SpinachMT, Micro-arugula, Micro Broccoli, Micro Kale Cabbage, and Rainbow micro mix.

Award-winning retail brand of AeroFarms® leafy greens are beloved for their high flavor and are grown using proprietary aeroponics and indoor vertical farming technologies, resulting in up to 390 times the annual productivity to traditional agriculture, while using up to 95% less water and zero pesticides.

There has been increased consumer interest in Asian greens and Future fusebiquity as reported in Food Bytes 2021 Food Trends from Datassential which takes new generation products and combines them with well-known dishes. AeroFarms Baby Bok Choy – The New SpinachMT reinvents the way to create a better spinach experience that is juicier, tastier and even more nutrient dense with an ANDI (Aggregate Nutrient Density Index) score of 865 compared to spinach at 707, and it can be enjoyed in at just about any spinach recipe for a new, updated version of the dish.

Microgreens have been recognized by The Today Show as one of the top health trends for 2021, and AeroFarms has been expanding this category to retail since 2019. Responding to consumer demand, AeroFarms added Micro-arugula, Micro Broccoli, Micro kale, and Rainbow micro mix to its baseline of Micro Spicy Blend and Micro Super Blend. Produced year round with the highest quality, AeroFarms microgreens provide great visual and taste excitement, elevating the home cook into a chef. Additionally, AeroFarms microgreens offer higher nutrient density than their mature green counterparts, providing a potent way to deliver a powerful boost in vitamins, minerals, and phytonutrients.

AeroFarms starts by selecting the tastiest varieties of microgreens and young shoots and then perfects them in its exclusive indoor vertical farms for the best quality, yield, color, nutrition, texture and taste. In fact, AeroFarms has registered a trademark Vertical farming, high flavor™ to highlight to consumers not only where and how their food is grown, but also, more importantly, the key and growing benefits that AeroFarms uniquely brings to the market, setting a new culinary standard with millions of data points to prove it.

AeroFarms is able to grow its kale to be sweeter and its arugula to be perfectly peppery, and the company has developed its signature FlavourSpectrum ™ to represent the breadth of flavors and hundreds of varieties of vegetables. -leaves that she is able to cultivate. AeroFarms’ team of experts, from horticulturalists to engineers, data scientists and nutritionists, matched each specific tasting note to a representative. Color to bring the FlavourSpectrum ™ philosophy to life. Across its range of leafy greens packaging, cool blue tones represent soft, mellow notes, while intense reds represent bold, tangy flavors.

All AeroFarms leafy greens are grown safely in the interior of New Jersey on one of AeroFarms state-of-the-art commercial indoor vertical farms, certified for USDA Good Agricultural Practices, SQF Level 2 Good Manufacturing Practices, Non-GMO Project Verification and Kascher OU. AeroFarms leafy greens are completely pesticide free and ready to eat without the need to wash them, providing a major benefit to consumers seeking safety and convenience. AeroFarms leafy greens are available from major customers such as Amazon Fresh, Baldor Specialty Foods, FreshDirect, Morton Williams, ShopRite, Walmart, and Whole Foods.

“Our company is committed to partnering with our retail partners to expand the entire leafy greens category and drive consumption with our sustainably grown products that gain flavor, ”said David Rosenberg, Co-Founder and Managing Director of AeroFarms. “We are excited to expand our line of microgreens, which we believe can go from a simple garnish to the center of the plate due to their exceptional taste – microgreens can be enjoyed anytime! ”

About AeroFarms

Since 2004, AeroFarms has pioneered vertical indoor agriculture and championed transformational innovation for agriculture. With a mission to cultivate the best possible plants for the benefit of mankind, AeroFarms is a B Certified company with global headquarters in Newark, New Jersey. Named one of the world’s most innovative companies by Fast Company two years in a row and one of TIME’s best food inventions, AeroFarms’ patented and award-winning indoor vertical farming technology provides the ideal conditions for plants to grow. healthy crops thrive, bringing agriculture to a new level of precision, food security and productivity while using up to 95% less water and no pesticides compared to traditional farming. AeroFarms allows local production to grow safely year round, using vertical farming for high flavor. Additionally, through its proprietary growth technology platform, AeroFarms has developed strategic multi-year partnerships ranging from government to large Fortune 500 companies to help uniquely meet the needs of the agricultural supply chain. For more information visit: https://aerofarms.com/.

On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon closing of the business combination, AeroFarms will be listed on the Nasdaq under the new ticker symbol “ARFM”. Additional information about the transaction can be found here: https://aerofarms.com/investors/

No offer or solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor the solicitation of a vote or approval in any jurisdiction in connection with any proposed business combination between Spring Valley. and AeroFarms or any related transaction, nor will there be any sale, issue or transfer of securities in any jurisdiction where, or to any person to whom, any such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes in relation to the proposed transaction will be made only by means of a proxy / prospectus in accordance with the applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended, or under an exemption from the Securities Act or in connection with a transaction not subject to the registration requirements of the Securities Act.

Forward-looking statements

Certain statements included in this press release that are not historical facts are forward-looking statements for the purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words. such as “believe,” “may”, “could”, “will”, “estimate”, “pursue”, “contemplate”, “foresee”, “intend”, “expect”, ” should “,” would “,” could “,” plan “,” predict “,” project “,” potential “,” appear “,” seek “,” future “,” prospects “, and similar expressions that predict or indicate future events or trends or which are not statements of historical matters. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed acquisition of AeroFarms by Spring Valley, the ability of Spring Valley to complete the transaction, the benefits of the transaction and future financial performance of the combined company, as well as the company’s strategy, future operations, estimated financial position, estimated income and loss, projected costs, outlook, plans and objectives of management are forward-looking statements . These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not actual performance predictions. These forward-looking statements are provided for informational purposes only and are not intended to serve as, and should not be relied upon, any guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many real events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, business, financial, political and legal conditions; the inability of the parties to successfully or on time complete the proposed transaction, including the risk that regulatory approvals will not be obtained, be delayed or be subject to unforeseen conditions that could adversely affect the combined company or the expected benefits the proposed transaction or the approval of the shareholders of Spring Valley or AeroFarms is not obtained; failure to realize the expected benefits of the proposed transaction; risks associated with the uncertainty of projected financial information relating to AeroFarms; risks associated with the expansion of AeroFarms business and the timing of expected business milestones; the effects of competition on the business of AeroFarms; the ability of Spring Valley or AeroFarms to issue shares or equity-linked securities or to obtain debt financing in connection with the proposed transaction or in the future, and the factors discussed in Spring’s annual report Valley on Form 10-K, Quarterly Report on Form 10 -Q, Final Prospectus dated November 25, 2020 and Proxy Circular / Preliminary Prospectus dated May 10, 2021 under the heading “Risk Factors” and other documents that Spring Valley has filed or will file with the SEC. If any of these risks materialize or if our assumptions prove to be incorrect, actual results could differ materially from the results suggested by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms is currently aware of, or that Spring Valley or AeroFarms currently considers to be material, which could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements reflect the expectations, plans or forecasts of Spring Valley and AeroFarms regarding future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause the ratings of Spring Valley and AeroFarms to change. However, although Spring Valley and AeroFarms may choose to update these forward-looking statements at some time in the future, Spring Valley and AeroFarms expressly disclaim any obligation to do so. These forward-looking statements should not be taken as representing Spring Valley and AeroFarms valuations as of a date subsequent to the date of this press release. Therefore, one should not place undue reliance on forward-looking statements.


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