In iFarm, we felt the increased demand, too. In April 2020, the number of applications to buy vertical farms based on iFarm technologies doubled compared to January. In August, it increased fivefold, reaching 800 requests a month, without a single ad campaign.
In 2020, we also managed to expand the physical presence of iFarm vertical farming technologies. We opened a showroom in Helsinki
, a farm in Irkutsk, and two production lines on an industrial-scale salad factory in Moscow. Furthermore, we cut deals for 50 new projects, implementation of which will start in 2021. Among them, vertical farms for airlines, hotels, large corporations, retail chains, international research laboratories (in Switzerland, Israel, etc.), and private entrepreneurs. In total, we received more than 1500 requests from 87 countries. The revenue from all iFarm’s products increased by 85% in 2020 as compared to 2019.