New Jersey is a natural incubator for controlled environment agriculture, and growers are taking notice.

According to the social impact real estate development company, the sale marks the successful transformation of a 3-acre former brownfields site and industrial manufacturing facility into a green manufacturing center that has created hundreds of jobs.

In March, investors committed $125 million to a private investment in public equity in support of the transaction. At that time, the companies said the deal would provide approximately $317 million unrestricted cash to the vertical farmer to fund future development. But in August, the companies announced the deal needed more cash to move forward.

New Jersey, New York, Connecticut, Massachusetts, and Rhode Island stores will now receive the Newark-based vertical farmer's high-quality produce all year round.

Hail Hydro is the latest session IPA from the brewer, made with hydroponic hops grown indoors by the vertical farmer's global headquarters in Newark.

The companies are pursuing additional capital sources that must be agreeable to both parties with a goal to close the deal - if they agree - by Sept. 24, just over three weeks away.

Together, the organizations will experiment with different indoor growing technologies including aeroponics and hydroponics, light, carbon dioxide, irrigation, nutrition, plant space and pruning to identify the optimal conditions for tree growth.

The move will see the development of the indoor agriculture purveyor's largest outpost as part of a project with World Wildlife Fund and the St. Louis Controlled Environment Agriculture Coalition, and to meet consumer and retailer demand in the region.

The parties began working together last year and, per an announcement, are now ready to scale their system of identifying and tracking plant interactions to the Newark-based company's crop portfolio, and all future indoor vertical farms.