Infarm’s Struggles: High Energy Prices and Expansion Challenges

2023-06-11 22:47:26

Infarm initially planned to stick to the main markets in Germany, Denmark and Canada and only to withdraw from countries where the business was just being established. Currently, however, Infarm apparently only operates one farm in Toronto, Canada.

However, the problems at Infarm are not new. As with many companies, the increased energy prices have hit the startup hard. Inflation, high material costs and supply chain problems are also likely to have contributed to this.

Now that energy prices remain high, Infarm apparently wants to focus on markets outside of Europe, where the costs for the startup are lower.

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