Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.

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
net income	-3.41M -	-8.41M 146.89%	-56.09M 567.06%	-111.07M 98.01%	-124.02M 11.65%
depreciation and amortization		287K -	684K 138.33%	10.43M 1,424.42%	13.13M 25.94%
deferred income tax		-4.28M -	942K 121.99%		396K -
stock based compensation	1.94M -	3.29M 69.67%	17.89M 443.10%	39.17M 118.87%	16.27M 58.45%
change in working capital		989K -	9.49M 859.66%	5.44M 42.70%	5.11M 6.12%
accounts receivables		-333K -	193K 157.96%	-643K 433.16%	-392K 39.04%
inventory		-243K -	-652K 168.31%	-88K 86.50%	-678K 670.45%
accounts payables		29K -	1.74M 5,889.66%	2.12M 21.82%	-66K 103.12%
other working capital		1.54M -	8.21M 434.70%	4.05M 50.65%	6.24M 53.98%
other non cash items	345K -	4.28M 1,141.74%	6.97M 62.77%	7.23M 3.71%	55.95M 673.66%
net cash provided by operating activities	-1.12M -	-3.84M 242.98%	-20.11M 423.92%	-48.81M 142.73%	-33.16M 32.07%
investments in property plant and equipment	-3.74M -	-3.42M 8.58%	-29.67M 766.92%	-81.83M 175.85%	-162.26M 98.29%
acquisitions net				-90.55M -
purchases of investments
sales maturities of investments
other investing activites
net cash used for investing activites	-3.74M -	-3.42M 8.58%	-29.67M 766.92%	-172.38M 481.09%	-162.26M 5.87%
debt repayment	-2.06M -	-2.88M 39.60%	-10.65M 269.93%	-145.61M 1,266.69%	-187.38M 28.69%
common stock issued			137.53M -	23.30M 83.06%
common stock repurchased		-80K -	56.65M 70,908.75%
dividends paid			-27.32M -
other financing activites	7.00M -	8.13M 16.13%	-5.40M 166.42%	267.36M 5,052.05%	-3K 100.00%
net cash used provided by financing activities	7.00M -	5.17M 26.16%	150.81M 2,818.07%	145.05M 3.81%	187.38M 29.18%
effect of forex changes on cash					-1 -
net change in cash	2.14M -	-2.09M 197.89%	101.03M 4,929.45%	-76.14M 175.36%	-8.04M 89.44%
cash at beginning of period		2.14M -	45K 97.89%	101.08M 224,515.56%	24.94M 75.33%
cash at end of period	2.14M -	45K 97.89%	101.08M 224,515.56%	24.94M 75.33%	16.89M 32.25%
operating cash flow	-1.12M -	-3.84M 242.98%	-20.11M 423.92%	-48.81M 142.73%	-33.16M 32.07%
capital expenditure	-3.74M -	-3.42M 8.58%	-29.67M 766.92%	-81.83M 175.85%	-162.26M 98.29%
free cash flow	-4.86M -	-7.26M 49.32%	-49.77M 585.59%	-130.64M 162.47%	-195.42M 49.59%

COM:LOCALBOUNTI

Local Bounti

Last Close

1.75

22/11 20:51

Market Cap

14.45M

Beta: -

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15.06K

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