Honey com is a company based in the US state of Vermont.
It makes honey from the sap of a tree that was once common in the area.
It has been around since the 1950s and now produces about $20 billion in annual sales.
But the virus has left it with a tough time finding buyers for its products.
The company says that it has raised $1.6 billion in funding from a group of investors including Warren Buffett’s Berkshire Hathaway, Tesla Motors and Microsoft.
Its CEO, Michael Pomerantz, has said the company has not seen a surge in demand for its honey since the pandemic began.
“Honey com has been experiencing an unusually sharp downturn in demand in recent months due to the devastating impact of the pandemics devastating virus,” he wrote in a blog post.
“This has affected both our sales and the company’s profitability, which we believe is the primary reason we have experienced such a steep decline in business over the past year.”
“We have been able to make significant investments in technology, capital and staff in order to maintain and expand our product offerings and remain competitive,” he continued.
“However, with a steep drop in demand, our current product lineup is not as strong as we’d like.”
The company has raised another $2 billion in Series C funding from Microsoft and its co-founders, Peter Thiel and Peter Thiel, in an undisclosed amount.
It is now hoping to raise another $1 billion in the next few months.
The $1bn will go towards “building out our product portfolio to be able to sustain our growth,” Mr Pomeranz wrote.
“The Series C will enable us to invest in the future growth of our business, while creating more value for our investors.”
The funding is part of a wider $2.4 billion investment in Honeycom by Mr Pothanz, Mr Paverantz and Mr Thiel.
They are also expected to raise additional funds from investors in the coming weeks.
The announcement comes after the company announced it would not be able continue operations on Friday because of a shortage of workers in the field, where production of honey is a key part of its business.
It has been working with local beekeepers, who have been forced to move to the company-owned farms.
Honeycom also said it would no longer offer honey-based products.
It was forced to sell its US operations and shut down a facility in Vermont.
Mr Pomerz said that he had been advised to continue operations because of the current outbreak.
“The pandemic has been devastating for the industry,” he said.
“Honey is a crucial component in our honey products, and we will continue to work closely with local and state beekeepers to support them as they work to support their livelihoods.”
But Mr Pomersantz also warned that the current crisis has had a negative impact on the business, as it has had to cut staff and close factories.
“It has created an environment that is extremely difficult for the company to operate,” he added.
“Our workers are not making honey because of this.
We have a very tight supply chain and the demand has not been there.”
It is not clear if there is a shortage for honey in the industry or if the current shortage is a result of a lack of honey being produced, as many farmers and growers have been looking for other options.
In an interview with the Australian Financial Review, Honeycom’s chief operating officer, Brian Stowe, said the recent pandemic had made it impossible for the business to meet demand.
He said: “Hovering between production capacity and demand, that’s the challenge that we are facing.”
Hive production in the UK has been particularly affected by the pandemanase.
In September, Honeycomb, a company in the United Kingdom, announced it had shut down its honey-making operations.
Earlier this month, US health authorities warned that a pandemic could lead to a “severe shortage of honey”.
HIVE: Is there a honey shortage?
HONEYCOM: Honeycom has had difficulty finding a honey market in recent years due to high prices.
In 2014, a pandemic in China led to the closure of the country’s first honey farm, forcing farmers to flee the country.
Last year, US beekeepers and others began to import honey from China and other countries, leading to a surge of demand in the honey market.
What are the risks of a pandemakerase?
The virus has killed an estimated 5 million people in Asia and the Middle East and has left millions homeless.
It can also cause severe respiratory illnesses and other diseases, including pneumonia.
It also can cause a rise in blood pressure and heart attacks.
HIVE is a new series from Bloomberg Businessweek covering the impact of pandemitis and the emerging technology to manage it.
Follow the latest news and analysis at our blog, Bloomberg Businessweek.