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Industry Focus

Financials: An Interview with AppHarvest President David Lee

Industry Focus

The Motley Fool

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4.6854 Ratings

🗓️ 22 March 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

In the fourth and final week of our four-part SPAC series on Industry Focus: Financials, host Jason Moser sits down with David Lee, President of AppHarvest to chat about the business, its journey to the public markets via SPAC, and the roles technology and 5G are playing in the burgeoning ag tech movement.

Stocks: APPH

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.

0:20.6

And we're talking energy. And today we're talking tech. Let's dive in.

0:27.3

It's Monday, March 22nd. I'm your host Jason Moser and today marks the final

0:31.2

installment of our four-part series on Spacks and we've got

0:34.4

one more great interview to wrap things up. App Harvest is a company that combines

0:39.2

conventional agricultural techniques with cutting-edge technology and is addressing

0:43.8

key issues including improving access for all to nutritious food, farming more

0:48.4

sustainably, building a homegrown food supply and more. Recently I had the good fortune to chat with

0:54.4

David Lee president of A- Harvest about the business, its journey to the public markets

0:58.6

via SPAC, and the roles technology in 5G are playing in the burgeoning ag tech movement. We hope you enjoy our conversation.

1:06.9

David, thanks so much for joining me today. This is really a thrill to be able to talk with you,

1:10.5

particularly because at-Pharvus is such a young company and I think that the goals are so big, so bold and so honestly admirable. I mean I think it's just this would be a lot this would be a lot of fun this conversation and I wanted just to see if we could start

1:27.8

Just just talking about exactly what app harvest is a fairly new business. I think to a lot of investors.

1:33.2

Probably a lot of folks don't know about App Harvest or Ag Tech.

1:36.8

Let's start with App Harvest.

1:38.8

So what is App Harvest?

1:40.5

App Harvest is a newly public company whose mission is quite ambitious. It's to help make a better food and ag company from seed to the plate. We like to think that our fruits and vegetables will be better for

1:57.6

consumers that consumers will vote for example our tomatoes that use recycled rainwater and don't use up all the precious resources of the globe

2:07.1

have no chemical pesticides and are grown right in the United States in fact we're trying to bring to Central Appalachia, Kentucky,

2:14.7

U.S. Virginia, for example, a brand new industry, a renaissance from the old days of coal mining to the new days of technology enabled renewable food.

...

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