AppHarvest concerned about cash flow

ROWAN COUNTY, Ky. (WKYT) - AppHarvest says it is concerned about cash flow.

The Rowan County company made that announcement to investors this month. The company also recently removed two top executives.

In its report, AppHarvest revised its projected net sales for 2022 by about $10 to $20 million less than expected.

A fourth farm is still expected to open in Richmond soon.

MORE

• AppHarvest opens new high-tech vegetable farm in Ky. town
• AppHarvest opens new container farm at Madison Southern High School
• AppHarvest brings mobile greenhouse tour to downtown Lexington
• AppHarvest breaks ground on new facility to produce strawberries

Copyright 2022 WKYT. All rights reserved.