 You need a financial advisor with the freedom to focus on your specific needs. Whatever your goals, Reeve Potter can create a game plan tailored to you. Call Reeve at 432-0777 at Pikeville, Kentucky to learn more. Regional agricultural company App Harvest is currently facing difficult times ahead as they continue to grow amid a less than ideal third quarter. In its November 7th filing, App Harvest reported net losses of $83 million for the first nine months of the year and net sales of $10 million with an accumulated deficit of $270 million. The company has cumulatively spent at least $641 million for operations and fixed assets since 2018, according to public filings. While the situation may look dangerous for the fledgling agricultural company, App Harvest has expressed that these numbers aren't portraying the whole story and that after going public, App Harvest remained in a hyper growth mode making major investments into assets that hold long-term value. According to App Harvest, the filing regarding the financial status of the company is based on a formula that doesn't take into account potential financing options that App Harvest is actively working on, such as the sale leaseback of their Berea Farm that could provide significant cash for ongoing operations. Along with the sale leaseback of App Harvest's Berea location, App Harvest will also be opening an additional location in Richmond, Kentucky. As for the overall future of App Harvest, only time will tell if this strategy will pay off. Reporting for Mountain Top News, I'm Jamison Killen.