The AeroFarms Opportunity

Fresh Produce is a $1.4 Trillion Industry Global fresh produce breakdown (2019) Other vegetables¹ 30% Leafy greens² 5% Fresh produce industry: $1.4 trillion¹ Leafy greens, baby greens, microgreens, herbs, and niche varieties: $78 BILLION² Berries³ 12% Global fresh produce From 2019 to 2023, fresh produce is projected to grow 7% CAGR to be a $1.8 trillion industry1 Local produce market Global leafy greens From 2019 to 2023, leafy greens is projected to grow 7% CAGR to be a $103 billion industry² Other fruits¹ 53% AEROFARMS® 1 BMI 2019 retail food market data, excludes foodservice sales; 2 BMI 2019 leafy greens market data defined as leaf and stem vegetables; ³ 2019 Technavio Global Berries Market; 4 CStoreDecisions Consumers Increasingly Value Local Food article 58% of shoppers prefer to buy local produce4 93% of shoppers say they would buy more local food if it was available4 15

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