Local Bounti

Local Bounti Announces PIPE Financing to Support Long-term Growth Strategy

October 28, 2022 Local Bounti

Local Bounti Corporation, 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 its organization and build-out of its network of innovative Controlled Environment Agriculture (“CEA”) facilities that leverage its proprietary Stack & Flow Technology™ to significantly improve crop turns, increase output and improve unit economics. …

Local Bounti Launches Restaurant Quality, Grab-and-Go Salads with Longer-Lasting Lettuce

October 14, 2022 Local Bounti

Local Bounti Corporation announced the launch of its chef-inspired, grab-and-go salads utilizing its own sustainably and locally grown lettuces. Local Bounti continues to deploy its state-of-the-art growing techniques to achieve best-in-class sustainability metrics, while ultimately unlocking superior products for consumers to enjoy. …

Local Bounti to Acquire Pete’s for $122.5 Million Creating Leading CEA Operator with Largest National Retail Distribution Footprint

March 16, 2022 Local Bounti Corporation

Local Bounti Corporation, a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it has entered into a definitive agreement to acquire California-based complementary indoor farming company Hollandia Produce Group, Inc., which operates under the name Pete’s®, for total consideration of $122.5 million. …

Disruptive Agriculture Company, Local Bounti, Strengthens Leadership Team with Appointments of Kathleen Valiasek and Mark J. Nelson

May 20, 2021 Local Bounti

Local Bounti Corporation, a breakthrough U.S. indoor agriculture company, today announced two exceptional appointments to its leadership team. Biotech veteran Kathleen Valiasek has assumed the role of Chief Financial Officer and food industry innovator Mark Nelson has joined the Company’s Board of Directors. …