Latham & Watkins Advises Soli Organic in Strategic Merger With 80 Acres Farms

80 Acres Farms® and Soli Organic® announced a strategic merger to form a national powerhouse in indoor farming, uniting complementary strengths in technology, operations, and retail distribution. The newly formed company, operating under the 80 Acres Farms name and headquartered in Hamilton, Ohio, will serve over 17,000 storefronts across the US. With projected first-year revenues approaching US$200 million, the merger combines 80 Acres Farms’ GroLoop™ platform with Soli Organic’s longstanding retail footprint and agronomic expertise. The combined company will offer a diversified product portfolio and leverage proven technology and data platforms to enhance operational efficiency and growth.

Latham & Watkins LLP advised Soli Organic in the transaction with a corporate team led by New York partner Eli Curi, with associates Joseph Maurantonio, Mark Goshgarian, Sally Gu, and Emma Mayberry. Advice was also provided on tax matters by Chicago partner Diana Doyle, with associate Michael Zucker; on debt finance matters by Bay Area partner Dan Van Fleet, with associate Hyunji Lee; and on benefits matters by New York partner Erin Murphy and Chicago counsel Sandhya Chandrasekhar, with assistance from Tal Simon.