80 Acres Farms is winding down operations, less than a year after its merger with Soli Organic created one of the largest indoor farming networks in the United States.

In a statement, co-founder and CEO Mike Zelkind said the company was unable to secure the capital needed to continue operating.

The Ohio-based vertical farming company, founded in 2015, had grown to operate five automated indoor farms and, at its peak, supplied produce to more than 18,000 retail locations across the U.S. The company also raised more than US$350 million during its growth.

“For a decade, our team has proven that vertical farming can work at scale, building and operating indoor farms that ultimately supplied more than 18,000 retail locations across the U.S. We’re proud of our work, the problems we solved, and the fresh, clean produce that fed so many people,” Zelkind said. “Unfortunately, under current circumstances, we could not secure the capital required to continue that work.”

The closure marks a sharp reversal from August 2025, when 80 Acres Farms merged with indoor herb producer Soli Organic. At the time, the combined company projected first-year revenue approaching US$200 million and said it would operate one of the world’s largest indoor farming networks, serving more than 17,000 retail locations through seven vertical farms.

The company continued to expand after acquiring three former Kalera facilities in early 2025. More recently, its technology subsidiary, Infinite Acres, launched the GroLoop farm management platform after testing it across facilities operated by 80 Acres Farms, Kalera and Soli Organic.

Signs of financial pressure emerged in May, when the company announced it would close the former Soli Organic packing facility in Harrisonburg, Virginia, eliminating 80 jobs as part of efforts to integrate the merged business.

80 Acres Farms has not said when all operations will cease or how many employees will ultimately be affected. It also has not clarified whether the wind-down includes Infinite Acres or its GroLoop technology platform.

The company’s closure adds to a growing list of vertical farming businesses that have ceased operations or entered restructuring in recent years as the sector has struggled with high capital requirements and profitability.