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
revenue		82K -	638K 678.05%	19.47M 2,952.35%	27.56M 41.51%
cost of revenue		91K -	432K 374.73%	17.26M 3,895.14%	34.96M 102.56%
gross profit		-9K -	206K 2,388.89%	2.21M 975.24%	-7.40M 434.22%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	3.37M -	6.83M 102.97%	41.50M 507.23%	82.68M 99.24%	57.45M 30.52%
research and development expenses		1.08M -	3.42M 217.42%	14.06M 310.48%	13.58M 3.40%
other expenses		-35K -	-4.76M 13,494.29%	189K 103.97%	13.14M 6,852.38%
cost and expenses	3.37M -	7.97M 136.68%	45.35M 469.14%	114M 151.35%	105.99M 7.03%
operating expenses	3.37M -	7.88M 133.98%	44.92M 470.23%	96.74M 115.35%	71.03M 26.58%
interest expense		522K -	5.13M 883.33%	16.73M 226.01%	-25.75M 253.85%
ebitda	-39K -	-7.60M 19,387.18%	-49.48M 550.99%	-94.34M 90.68%	-65.30M 30.78%
operating income	-3.37M -	-7.92M 135.28%	-44.72M 464.47%	-94.53M 111.39%	-78.43M 17.03%
depreciation and amortization	3.37M -	322K 90.44%	-4.76M 1,577.64%	189K 103.97%	13.13M 6,848.15%
total other income expenses net	-39K -	-487K 1,148.72%	-11.38M 2,235.93%	-16.55M 45.44%	-45.59M 175.53%
income before tax	-3.41M -	-8.41M 146.89%	-56.09M 567.06%	-111.07M 98.01%	-124.02M 11.65%
income tax expense	-39K -	522K 1,438.46%	-309K 159.20%	-10.43M 3,274.43%
net income	-3.41M -	-8.93M 162.21%	-55.78M 524.61%	-100.64M 80.42%	-124.02M 23.22%
weighted average shs out		3.78M -	4.07M 7.65%	87.11M 2,041.29%	7.94M 90.88%
weighted average shs out dil		3.78M -	4.07M 7.65%	87.11M 2,041.29%	7.94M 90.88%
eps	0 -	-2.36 Infinity%	-13.71 480.93%	-1.16 91.54%	-15.61 1,245.69%
epsdiluted	0 -	-2.36 Infinity%	-13.71 480.93%	-1.16 91.54%	-15.61 1,245.69%

COM:LOCALBOUNTI

Local Bounti

Last Close

1.75

22/11 20:51

Market Cap

14.45M

Beta: -

Volume Today

15.06K

Avg: -

Preview