Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.
According to Cobalt, the planned investment will reach EUR 6.45 million. “The Lithuanian company Leafood Group together with Taiwanese partners YesHealth Group will build a four thousand square meter vertical farm in Vilnius. Leafood will make it possible to grow healthy raw products closer to the main consumers. The national development institution Investment and Business Guarantees also contributed to the financing of the vertical farm by providing a EUR 3 million loan under its instrument Startuok.”
Cobalt’s team included Partner Elijus Burgis and Managing Associate Deimante Pagiriene.
Motieka and Audzevicius’ team included Partner Rokas Jankus and Senior Associate Aivaras Grigas.