Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million , a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027 Announces leadership... Read More

HAMILTON, Mont. , March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025 . Conference Call The Company will host a conference call with members of the Local Bounti executive... Read More

New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont. , Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to... Read More

Commercial momentum accelerating with expanded product assortment and increased growing capacity Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth HAMILTON, Mont. , Nov. 14, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for... Read More

HAMILTON, Mont. , Nov. 11, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal third quarter ended September 30, 2024 before the market opens on Thursday, November 14, 2024 . Conference Call The Company will host a conference call with members of the Local Bounti... Read More

Recently began shipping to Sam's Club and Brookshire's out of Texas facility Negotiating an additional $175 million financing commitment for a total of up to $400 million in capital commitments to support 2024 and future projects including working capital and strategic growth capital — anticipate closing in third quarter of 2024 Reiterates full year 2024 sales guidance of $50 to $60 million , representing a doubling of... Read More

Expanded distribution brings Local Bounti's full assortment of product offerings to more than 180 BGC locations HAMILTON, Mont. , Aug. 12, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it is now shipping to Brookshire Grocery Company ("BGC") locations from its new Mount Pleasant, Texas facility. BGC is... Read More

HAMILTON, Mont. , Aug. 9, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2024 before the market opens on Tuesday, August 13, 2024 . Conference Call The Company will host a conference call with members of the Local Bounti executive... Read More

Now also Supplying Sam's Club from Local Bounti's Recently Opened Texas Facility HAMILTON, Mont. , July 22, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has expanded distribution with its customer, Sam's Club, for its leafy greens production with service commencing from the Company's recently opened CEA... Read More

Added Role of President Reflects Ms. Valiasek's Impact on Improved Operating Efficiency HAMILTON, Mont. , June 25, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that its Chief Financial Officer (CFO), Kathleen Valiasek , has been promoted to President and Chief Financial Officer, effective June 24 . "Since Kathy... Read More

HAMILTON, Mont. , June 20, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it received notification (the "Acceptance Letter") from the New York Stock Exchange ("NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards. In... Read More

Expected to create approximately 50 jobs in the Mount Pleasant area Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using less water and land HAMILTON, Mont. , May 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it will hold a ribbon cutting ceremony on... Read More

First customer deliveries from Washington and Texas facilities shipping in second quarter Expands penetration in Pacific Northwest and Texas with new retail customers, including Albertsons Seattle and Brookshire's Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the... Read More

HAMILTON, Mont. , May 6, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024 . Conference Call The Company will host a conference call with members of the Local Bounti executive... Read More

Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using 90% less water and land Enhances rapidly growing national distribution footprint, which is the largest in the CEA industry Expected to create more than 40 jobs in the Tri-Cities region HAMILTON, Mont. , April 23, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a... Read More

HAMILTON, Mont. , April 5, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that on April 3, 2024 , it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual... Read More

Georgia facility demonstrating further improvement year-to-date — packed pounds increased 50% versus December 2023 and 3x versus a year ago Commenced operations at Washington and Texas facilities in January, expect to begin shipping product to customers in the second quarter 2024 Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at... Read More

HAMILTON, Mont. , March 26, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2023 before the market opens on Wednesday, March 27, 2024 . Conference Call The Company will host a conference call with members of the Local Bounti executive... Read More

HAMILTON, Mont. , Feb. 21, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that the United States Patent and Trademark Office issued a patent to the Company on February 13, 2024 for its proprietary Stack & Flow Technology. "This is an amazing accomplishment for our entire organization which has worked tirelessly to... Read More

Company receives $15 million in cash from Cargill as part of amended credit facility New facilities begin to ramp ̶ Washington seeded and Texas expected to commence seeding by end of January 2024 ̶ provides capacity for new product introductions to support long-term revenue diversification and expansion HAMILTON, Mont. , Jan. 24, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a... Read More

Board of Directors Re-Appoints Co-Founder Craig Hurlbert as Chief Executive Officer Georgia Facility Doubled Run-rate Production in December Provides Update to Full Year 2023 Sales Expectation HAMILTON, Mont. , Dec. 15, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced a leadership transition and a business update.... Read More

Stack integration at Georgia facility complete, commenced operations in October 2023 Construction at Texas and Washington facilities remains on track Receives incremental financing commitments for working capital and future 2024 projects HAMILTON, Mont. , Oct. 30, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best... Read More

HAMILTON, Mont. , Oct. 30, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the third quarter ended September 30, 2023 after the market closes on Monday, October 30, 2023 . Conference Call The Company... Read More

Construction on track at Georgia , Texas and Washington facilities Reaffirms full year 2023 guidance of $34 to $40 million HAMILTON, Mont. , Aug. 9, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its financial results for the three... Read More

HAMILTON, Mont. , July 26, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the second quarter ended June 30, 2023 before the market opens on Wednesday, August 9, 2023 . Conference Call The... Read More

Artisanal Chicken Caesar and Memphis Style BBQ Chicken Salad Kits to be available at select grocery stores beginning in June HAMILTON, Mont. , May 31, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today the expansion of its Grab & Go Salad Kit line to include premium, antibiotic-free white meat chicken in two... Read More

Fabrega brings deep commercial and retail experience as former Freshly CEO and Amazon commerce executive Current Co-CEOs Craig Hurlbert and Travis Joyner to remain with the Company in leadership roles HAMILTON, Mont. , May 25, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and... Read More

Reaffirms full year 2023 guidance of $34 to $40 million HAMILTON, Mont. , May 10, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its financial results for the three months ended March 31, 2023 and reaffirmed full year 2023 guidance.... Read More

Sale-leaseback of its two California facilities provides financing to support the Company's growth plans HAMILTON, Mont. , May 3, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it has completed its sale-leaseback transaction... Read More

HAMILTON, Mont. , April 27, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the first quarter ended March 31, 2023 before the market opens on Wednesday, May 10, 2023 . Conference Call The... Read More

Amended agreement with Cargill provides additional $110 million to fund construction at Georgia , Texas and Washington facilities Signs sale-leaseback transaction for $35 million HAMILTON, Mont. , March 29, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing... Read More

Secures up to $145 million of new financing to support growth Financings provide $50 million of cash to the balance sheet for operations Provides full year 2023 sales guidance of $34 to $40 million HAMILTON, Mont. , March 29, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and... Read More

HAMILTON, Mont. , March 21, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that Jennifer Carr-Smith has been appointed to the Company's Board of Directors ("Board") and will serve on the Compensation Committee of the Board, in each... Read More

Announces preliminary and unaudited fiscal 2022 sales of $19.5 million , adjusted gross margin* of 38%, net loss of $111.1 million , and adjusted EBITDA loss* of $29.8 million Company to hold fiscal 2022 earnings conference call on March 29, 2023 at 8 am ET HAMILTON, Mont. , March 17, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture... Read More

HAMILTON, Mont. , March 17, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the fiscal full year ended December 31, 2022 before the market opens on Wednesday, March 29, 2023 . Conference Call... Read More

HAMILTON, Mont. , March 3, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it received notice from the New York Stock Exchange (the "NYSE") on February 28, 2023 , indicating that Local Bounti is not in compliance with NYSE's... Read More

Premium lettuce wrap kit features living butter lettuce grown with innovative indoor agriculture method, offering consumers a fresh, restaurant quality meal at home in about five minutes HAMILTON, Mont. , Jan. 11, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing... Read More

Currently operating the largest national distribution footprint in the industry, future operations in Texas signal Local Bounti's commitment to reduce food miles throughout the United States HAMILTON, Mont. , Jan. 4, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS), a leading U.S. controlled environment agriculture (CEA) company committed to growing locally and distributing nationally with the largest... Read More

Third quarter revenue of $6.3 million , compared to $0.2 million in the prior year period Previously announced 5-year offtake agreement with Sam's Club for Local Bounti's leafy greens production Reaffirms full year 2022 guidance HAMILTON, Mont. , Nov. 10, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best... Read More

5-year offtake agreement for Local Bounti's leafy greens production Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced an offtake agreement (the "Agreement") with Sam's Club for its leafy greens production starting at its advanced greenhouse facility in... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the third quarter ended September 30, 2022 before the market opens on Thursday, November 10, 2022 . Conference Call The Company will host a conference call with... Read More

Entered into Agreement for $23.3 million PIPE with Fidelity Management & Research Company, BNP Paribas and other existing investors including management Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced an equity raise to support the continued scale-up of... Read More

IFPA attendees can sample and experience chef-inspired, grab-and-go salads utilizing Local Bounti's sustainably and locally grown lettuces Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will showcase its recently launched chef-inspired, grab-and-go... Read More

New premium salads use greens grown with innovative indoor farming technique, resulting in fresher, better-tasting, and longer-lasting meals Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, announced the launch of its chef-inspired, grab-and-go salads utilizing its own... Read More

Innovative Stack & Flow Technology™ Wins Award for Achieving Significant Sustainability Breakthroughs in Farming Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, announced it has been awarded The Sustainability Leadership Award by the Business Intelligence Group as part... Read More

Second quarter revenue of $6.3 million , compared to $0.1 million in the prior year period Georgia facility commenced commercial operations in July 2022 Announces Texas as location of next facility Reaffirms full year 2022 guidance Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing... Read More

Local Bounti Corporation (NYSE: LOCL) (NYSE: LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the second quarter ended June 30, 2022 before the market opens on Monday, August 15, 2022 . Conference Call The Company will host a conference call with... Read More

Innovative new CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round that lasts 3-5 times longer while using 90% less water and land Enhances East Coast presence to support demand from existing blue-chip retail customer base, including Albertsons, Kroger, Target, and Walmart, as well as Whole Foods and AmazonFresh Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that the Company will join the Russell 2000® Index after the conclusion of the 2022 annual reconstitution which will go into effect after the US market opens today, Monday, June 27, 2022 . The annual Russell... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it will be participating virtually in the Cowen 2 nd Annual Sustainability & Energy Transition Summit to be held on June 7-8, 2022 . Craig Hurlbert , co-CEO, and Kathleen Valiasek , CFO, will... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it will be participating in the BMO Global Farm to Market Conference to be held on May 18-19, 2022 . Craig Hurlbert , co-CEO, Travis Joyner , co-CEO, and Kathleen Valiasek , CFO, will host a... Read More

Georgia facility expected to commence operations in July 2022 Pasco, Washington facility advancing forward Reaffirms full year 2022 guidance Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its first quarter 2022 results for the three months ended March... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the issuance of its full year 2021 Corporate Sustainability Report. The report, which follows standards... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the first quarter ended March 31, 2022 , after the market closes... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the successful completion of its acquisition of California -based complementary indoor farming company... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it will be participating virtually in the J.P. Morgan Global ESG Conference to be held on March 22-24,... Read More

Transformative acquisition of Pete's will immediately open distribution to approximately 10,000 retail doors Full year 2021 gross margin of 32% Provides full year 2022 sales guidance of at least $20 million , including partial year contribution from anticipated Pete's acquisition Local Bounti Corporation (NYSE: LOCL, LOCL WS)... Read More

De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relationships at approximately 10,000 retail grocery doors. Enhances financial leadership within the controlled environment agriculture ("CEA") industry by improving already leading... Read More

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the fiscal full year ended December 31, 2021 before the market... Read More

Local Bounti Corporation (NYSE: LOCL)(Local Bounti), a breakthrough U.S. indoor agriculture company, today announced the issuance of its inaugural Corporate Sustainability Report. The report, which follows the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards and aligns with the... Read More