6th October 2022
Stock Market

Local Bounti (NYSE:LOCL)

Local Bounti was founded in August 2018 and is headquartered in Hamilton, Montana. Local Bounti is a producer of sustainably grown living lettuce, herbs and loose leaf lettuce. Local Bounti’s vision is to deliver the freshest, locally grown produce over the fewest food miles possible. Local Bounti is a controlled environment agriculture (CEA) company that utilizes patent pending Stack & Flow Technology™, which is a hybrid of vertical farming and hydroponic greenhouse farming, to grow healthy food sustainably and affordably. 

Through its CEA process, it is the Company’s goal to produce its products in an environmentally sustainable manner that will increase harvest efficiency, limit water usage and reduce the carbon footprint of the production and distribution process. The environmental greenhouse conditions help to ensure nutritional value and taste, and the products are non-GMO and pesticide and herbicide free. The Company’s products use 90% less water and 90% less land than conventional agriculture to produce. The Company’s first CEA facility in Hamilton, Montana commenced construction in 2019 and reached full commercial operation by the second half of 2020. Other facilities are scheduled for completion by year-end.

Local Bounti Logo

Stock Performance

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Earnings Report

Second quarter revenue of $6.3 million, compared to $0.1 million in the prior year period Georgia facility commenced commercial operations.

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Innovative new CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round that lasts 3-5 times longer while.

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Stock Market News

CEA Industries Inc. (NASDAQ: CEAD, CEADW), announced that its subsidiary, Surna Cultivation Technologies LLC, has signed a contract with a.

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