Cambridge Trust provides million debt facility to support Freight Farms' growth

CAMBRIDGE, Mass., July 26, 2022 /PRNewswire/ -- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC), has provided $12 million...

July 26, 2022
4:40 PM

CAMBRIDGE, Mass., July 26, 2022 /PRNewswire/ -- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC), has provided $12 million in debt financing to Freight Farms to expand its product offering and pursue its growth objectives. Founded in 2012, Freight Farms has a network of connected hydroponic container farms serving customers around the world ranging from small business farmers to those within the corporate, hospitality, retail, education, and nonprofit sectors. "Cambridge Trust is the type of commercial lender all companies in our industry want to work with, because they took the time to understand our market, our business model, and our vision," said Freight Farms Chief Executive Officer Rick Vanzura.

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