Local Bounti Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Kathleen Valiasek
- Full Time Employees
- 333
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- 490 Foley Lane Hamilton MT United States of America 59840
- IPO Date
- Apr 19, 2021
- CIK
- 0001840780
- Website
- localbounti.com
- Similar Companies
- Business
- Local Bounti Corporation Local Bounti Corporation (NYSE: LOCL) operates as a controlled environment agriculture company that cultivates and distributes fresh, sustainably grown leafy greens and herbs using proprietary Stack & Flow Technology, a hybrid of vertical and hydroponic greenhouse systems; the company produces living lettuce, loose-leaf lettuce, arugula, spinach, basil, other herbs, salad kits, and berries, emphasizing pesticide-free, non-GMO products with extended shelf life through root-on harvesting and minimal processing without chlorine baths or triple washing. Founded in 2018 and headquartered in Hamilton, Montana, Local Bounti maintains greenhouses across the United States, including locations in California (Oxnard, Carpinteria), Georgia (Byron), Texas (Mt. Pleasant), Montana (Hamilton), and Washington (Pasco), enabling year-round production within approximately 400 miles of consumers to reduce food miles, water usage by up to 90%, and land requirements compared to traditional field farming; it serves grocery retailers, foodservice distributors, and partners such as Walmart, Brookshire Grocery, Sam's Club, and Markon Cooperative. In recent developments, Local Bounti launched a family-size salad kit at Walmart in the Pacific Northwest in October 2025, appointed Dane Almassy as Chief Commercial Officer in August 2025, secured $10 million in convertible note financing from existing investors alongside a $10 million credit facility debt reduction in August 2025, entered an agreement to pack private label Butter Living for Markon Cooperative in 2025, and reported 19% year-over-year revenue growth in its third quarter 2025 results while advancing strategic partnership discussions for capital-efficient expansion.
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All You Need to Know About Local Bounti (LOCL) Rating Upgrade to Buy