Local Bounti Corporation

Local Bounti is a controlled environment agriculture (CEA) company founded in 2018 and headquartered in Hamilton, Montana. The company produces sustainably grown produce, primarily focusing on living and loose leaf lettuce. Local Bounti utilizes its patented Stack & Flow Technology, a proprietary hybrid growing approach. This process involves vertical farming during early plant growth, followed by greenhouse farming for final grow out. The Stack & Flow Technology is designed to provide products with specific needs at each step of their growth cycle. The company aims to grow in an environmentally sustainable manner, increasing harvest efficiency, enhancing unit economics, limiting water usage, and reducing the carbon footprint of production and distribution. Controlling environmental conditions in both the 'Stack' and 'Flow' components helps ensure healthy, nutritious, and consistent non-genetically modified organisms (non-GMO) products. Local Bounti uses 90% less water, 90% less land, and significantly less pesticides and herbicides compared to traditional outdoor agriculture operations. The company's first facility in Hamilton, Montana, commenced construction in 2019, reached full commercial operation by the second half of 2020, and now serves as a corporate headquarters without active commercial operations.