Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.

Local Bounti Corporation

At Local Bounti, we strive to deliver the freshest, locally grown produce to your neighborhood. We sustainably grow fresh, non-GMO greens 365 days a year in our greenhouses, using 90% less water and 90% less land than conventional agriculture. 

Perfect environmental greenhouse conditions ensure the highest possible nutritional value and taste. Our sustainable, root-on, living products result in less environmental impacts, carbon footprint, and less waste. It’s our goal to bring our farm to your kitchen. 

FACTS WE LIVE BY:

LOCAL IS BEST.
Your produce is rarely grown locally, but we are changing that. We strive to make the distance between our farm and your kitchen as short as possible. Growing local delivers sustainable markets, products, and partnerships to benefit our communities and our world. We believe local is the best kind of business.

HAPPY PLANTS = HAPPY TASTE BUDS.
We love happy plants. Our plants are kept in the perfect environment from seed to packaging, and our living products keep our produce fresh and delicious for weeks. The result? Happy taste buds. You will taste and smell the difference. We bring the farmers’ market to your neighborhood regardless of season and location.

IT’S TIME TO RE-IMAGINE FRESHNESS.
Most produce spends weeks in transport on the way to your kitchen. We believe there is a better way. Local Bounti re-imagines “fresh” through our local, sustainable farming with a 365-day growing season and a wide variety of living products. When our produce hits your plate, you will experience a new standard of freshness.

PIONEERING THE EXTRAORDINARY.
At Local Bounti, we are pioneering a new path and breaking new ground, literally. We embrace challenges to the status quo and don’t take no for an answer. We face challenges with grit, determination, and obsession but radiate humility. Together, we are capable of extraordinary things.


Cargill

Fidelity Management and Research Company

BNP Paribas Asset Management

Local Bounti

Get ready, Texas!

Our six-acre facility in Mount Pleasant is nearing completion. Customers in Texas, Oklahoma, Louisiana, Mississippi, Arkansas, Kansas and Missouri will soon be able to taste the difference in our greens. We can’t wait for our facility to begin operating at the end of this year!
 
Stay tuned for more facility updates to come.    
 
#GoLOCL #cea #farmofthefuture 

Thank you for an amazing show, International Fresh Produce Association! The 2023 Global Produce & Floral Show in Anaheim was a huge success and it was great seeing all of our produce friends there. We loved talking about our new greenhouses in Texas and Washington and showcasing our products from baby leaf to living lettuce and Grab & Go Salad Kits! See you next year in Atlanta!

#GPFS2023 #GoLOCL #cea #farmofthefuture

Thank you Andrea Di Pastena and Hortidaily.com for the feature on our 5 year anniversary. Read on as our Chief Innovation Officer, B. David Vosburg, outlines our growth over the years and our continued exciting expansion plans. 

Find the story here: https://bit.ly/3tvzCpi
 
#GoLOCL #CEA #farmofthefuture

We’re hiring! Explore job opportunities at our Mount Pleasant facility: https://bit.ly/3EYHFgP 

Our team is gearing up for the International Fresh Produce Association 2023 Global Produce & Floral Show in Anaheim! We can’t wait to see everyone there and talk about all of the exciting things we have to share (Hint: New greenhouses in Texas and Washington). Stop by booth #3979 and visit us! 
 
 #GPFS2023 #GoLOCL #cea #farmofthefuture

Aaron Sumption
Alexis Barrett
Baltazar Garcia
Blair Butterworth
Corrie Hutchens
B. David Vosburg 
Jake Beggin
Matt Hubbard
Meaghan M.

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables	147K -	176K 19.73%	1.91M 986.36%	13.76M 619.51%	14.64M 6.42%
accumulated other comprehensive income loss
cash and cash equivalents	2.14M -	45K 97.89%	96.66M 214,702.22%	13.67M 85.86%	16.89M 23.63%
cash and short term investments	2.14M -	45K 97.89%	96.66M 214,702.22%	13.67M 85.86%	16.89M 23.63%
common stock	1K -	1K 0%	9K 800%	10K 11.11%	1K 90%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current
goodwill				38.48M -
goodwill and intangible assets				85.75M -	41.35M 51.78%
intangible assets				47.27M -	41.35M 12.52%
inventory		243K -	922K 279.42%	3.59M 289.80%	4.21M 17.14%
long term debt	2.50M -	104K 95.84%	11.20M 10,668.27%	120.00M 971.53%	277.99M 131.65%
long term investments
net debt	-2.14M -	109K 105.10%	-85.46M 78,505.50%	106.42M 224.52%	310.53M 191.80%
net receivables		333K -	118K 64.56%	2.69M 2,180.51%	3.08M 14.38%
other assets
other current assets	8.00K -	7K 12.50%	3.39M 48,342.86%	2.88M 15.04%	2.81M 2.64%
other current liabilities	690K -	2.13M 208.26%	16.06M 654.87%	9.43M 41.29%	17.20M 82.52%
other liabilities
other non current assets	-3.74M -	51K 101.36%	1.02M 1,894.12%	901K 11.41%	73K 91.90%
other non current liabilities	-2.50M -	9.22M 469.08%	13.08M 41.93%	14.14M 8.10%	56.55M 299.98%
othertotal stockholders equity	6.29M -	9.58M 52.18%	169.92M 1,674.21%	300.64M 76.93%	318.60M 5.98%
preferred stock
property plant equipment net	3.74M -	8.42M 125.03%	37.41M 344.08%	157.98M 322.35%	313.34M 98.34%
retained earnings	-3.74M -	-12.15M 224.84%	-68.24M 461.71%	-179.31M 162.76%	-303.33M 69.16%
short term debt		50K -		84K -	97K 15.48%
short term investments
tax assets
tax payables
total assets	5.89M -	9.10M 54.59%	143.93M 1,481.30%	278.74M 93.66%	381.75M 36.96%
total current assets	2.15M -	628K 70.72%	105.51M 16,700.64%	34.10M 67.68%	26.99M 20.87%
total current liabilities	837K -	2.35M 181.12%	17.97M 663.62%	23.27M 29.49%	31.94M 37.28%
total debt		154K -	11.20M 7,172.08%	120.08M 972.28%	327.42M 172.66%
total investments
total liabilities	3.33M -	11.67M 250.12%	42.25M 261.92%	157.41M 272.59%	366.48M 132.82%
total liabilities and stockholders equity		9.10M -	143.93M 1,481.30%	278.74M 93.66%	381.75M 36.96%
total non current assets	3.74M -	8.47M 126.40%	38.42M 353.41%	244.64M 536.71%	354.76M 45.02%
total non current liabilities	2.50M -	9.32M 273.25%	24.28M 160.50%	134.14M 452.49%	334.54M 149.39%
total stockholders equity	2.55M -	-2.57M 200.67%	101.68M 4,055.00%	121.33M 19.32%	15.27M 87.41%

COM:LOCALBOUNTI

Local Bounti

Last Close

1.75

22/11 20:51

Market Cap

23.27M

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