FOR IMMEDIATE RELEASE

WorldBusiness Capital Finances New High-Tech Greenhouses in Baltimore and Providence for Gotham Greens, Worldwide Leader in Commercial-Scale Indoor Agriculture

BALTIMORE, MARYLAND and PROVIDENCE, RHODE ISLAND, May 12, 2020 - WorldBusiness Capital, Inc. (WBC) salutes the recent openings of two new, state-of-the-art 100,000 square foot greenhouse facilities owned and operated by Gotham Greens in Baltimore, MD and Providence, RI. The greenhouses use advanced agricultural growing methods, including hydroponics, data-driven climate control intelligence and renewable energy, while using 95 percent less water and 97 percent less land than conventional farming. The WBC team provided long-term financing for these projects, which are located on former industrial sites in both cities.

During the grand opening for its Providence greenhouse held in November 2019, Viraj Puri, Gotham Greens’ Co-Founder and CEO, noted that the financial support provided by WorldBusiness Capital has enabled Gotham Greens to reach desirable new geographical markets and further the company’s mission of transforming how and where fresh produce is grown.

Robert Monyak, WBC’s Executive Vice President & Chief Lending Officer, said, “WBC is excited to have the opportunity to support the expansion of this innovative, dynamic company. Gotham Greens is at the nexus of sustainable agriculture, food production, and urban redevelopment. We are proud to be a part of their ongoing success story.”   

About Gotham Greens

Gotham Greens is a pioneer in indoor agriculture and a leading produce and fresh food company. Through its national network of climate-controlled, data-driven greenhouses, Gotham Greens grows and sells long-lasting, delicious leafy greens and herbs along with a line of fresh salad dressings and sauces to retail, restaurant and foodservice customers year-round. Founded in 2009 in Brooklyn, N.Y., Gotham Greens now operates 500,000 square feet of hydroponic greenhouses across five U.S. states with more than 300 team members. Learn more about Gotham Greens’ mission to transform how and where fresh produce is grown at www.gothamgreens.com.       

About WorldBusiness Capital, Inc.

WBC (www.worldbusinesscapital.com), headquartered in Hartford, CT, USA, is a government-regulated commercial finance company that offers flexible term loans helping small and medium-sized businesses in the manufacturing, distribution, logistics, transportation, food processing, packaging, renewables, financial services, and other sectors compete in the global marketplace. Founded in 2003, WBC is a direct lender staffed by multilingual professionals with many years of experience in cross-border trade and project finance. The WBC team has a proven track record of successfully-closed loans in the United States and in emerging markets throughout Latin America, Eurasia, Africa, and the Indo-Pacific.  

WBC’s Lending Group is headed by Rob Monyak, Executive Vice President & Chief Lending Officer; Rohit Choudhary, Senior Vice President; Christian Schoellauf, Senior Vice President; and George Thompson, Senior Vice President.