Local Bounti Reports 38% Sales Growth & 181% Gross Profit Increase in 2024
Local Bounti reported a 38% year-over-year increase in sales and a 181% increase in gross profit for full-year 2024.
Explore the latest in Controlled Environment Agriculture news, with updates on advancements in indoor farming, vertical farming, greenhouse technologies, and climate-controlled systems. This section offers insights for CEA professionals, researchers, and investors, covering trends in automation, energy efficiency, crop yield optimization, and sustainable practices that are transforming the future of food production.
Local Bounti reported a 38% year-over-year increase in sales and a 181% increase in gross profit for full-year 2024.
Explore the USA greenhouse market, a growing sector with a projected value of over $5 billion by 2030. Discover the trends now.
Greenhouse systems developer Dalsem has been selected by Oasthouse Ventures Limited to design, manufacture, and install a 65-acre low-carbon greenhouse in Carroll County, Virginia.
Investor expectations during the peak of CEA funding often mirrored those seen in tech startups—emphasizing fast growth, and high margins.
Oishii has acquired Tortuga AgTech’s intellectual property, assets, and engineering team to support the development of robotic harvesting technologies.
Plenty Unlimited Inc. has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas.
CE-LINE and Eurofins Agro Testing partner to combine real-time nutrient data with broader lab analyses.
Kirk Taylor outlines Land Betterment’s mission to revitalize post-industrial regions through housing and vertical farming.
Resource Innovation Institute (RII) has appointed six new members to its Board of Directors.
Innovation Agritech Group (IAGT:JPJ) has announced that its shares are now trading on the JP Jenkins share dealing platform.
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