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  "documentTitle": "AppHarvest | SPAC Presentation Deck | 29 slides",
  "authorId": "appharvest",
  "authorName": "Cowen",
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  "presentationDate": "2020-09-01 00:00:00",
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  "notes": "The chart uses a waterfall structure to bridge revenue and costs to EBITDA, with a separate callout for the implied unlevered return.",
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      "text": "Waterfall chart showing Capital Cost ($107.1M), Net Revenue ($42.5M), Labor Cost ($12.3M), Utilities Cost ($6.4M), Other Cost ($6.7M), Gross Profit ($17.2M), Crop SG&A ($1.4M), and Facility EBITDA ($15.8M).",
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      "text": "Illustrative steady-state economics for 60-acre tomato facility (half beefsteak, half TOV), excluding financing costs",
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      "evidence": "First crop of beefsteak tomatoes will be planted in October 2020, with initial harvest and revenue commencing in January 2021.",
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