Vertical Farmer Plenty, Backed by Bezos, Softbank, Files Bankruptcy

Plenty Unlimited Inc., a vertical farming business that’s drawn backing from Jeff Bezos, SoftBank Group Corp. and Walmart, has filed for bankruptcy with a lender-backed plan to either raise capital or sell the business.

The company on Sunday sought court protection in Texas listing more than $100 million in assets and liabilities on its Chapter 11 petition. The business comes to bankruptcy with a deal that will explore a sale of Plenty’s assets or an alternative restructuring that would raise additional cash.