$120 Million Financing Arrangement with Decennial Group
Soli Organic™ Announces $120 Million Financing Arrangement with Decennial Group to Expand Certified Organic Controlled Environment Agriculture
Soli Organic Inc. (“the Company”), formerly known as Shenandoah Growers, Inc., the nation’s only soil-based, controlled environment agriculture company delivering 100% USDA certified organic produce to more than 20,000 retail stores nationwide, today announced a $120 million financing arrangement with leading real estate development firm Decennial Group.
The Company also launched today a new corporate name and brand, Soli Organic. The word Soli is derived from the Latin word for soil and reflects the pivotal role of soil in enabling the Company’s mission to make low-cost, high-quality, organic produce grown nearby available to everyone.