Local Bounti Corp (LOCL) USD0.0001

Sell:$2.24Buy:$2.50$0.28 (12.90%)

Prices delayed by at least 15 minutes
Sell:$2.24
Buy:$2.50
Change:$0.28 (12.90%)
Prices delayed by at least 15 minutes
Sell:$2.24
Buy:$2.50
Change:$0.28 (12.90%)
Prices delayed by at least 15 minutes

Company Information

About this company

Local Bounti Corporation is a controlled environmental agriculture (CEA) company that produces sustainably grown produce, focused primarily on living and loose-leaf lettuce, arugula, spinach, and basil. The Company’s Stack & Flow Technology significantly improves crop turns, increases output and improves unit economics. It operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Its growing methods use 90% less land and 90% less water than conventional farming methods and grow food utilizing a hybrid approach that integrates the attributes of controlled environment agriculture with natural elements. Its primary products include living butter lettuce as well as packaged leafy greens and cress. It has introduced Grab & Go Salads and additions to its baby leaf portfolio with several offerings, including Spinach, Arugula, and Basil. It distributes products primarily through direct relationships with blue-chip retail customers.

Key people

Craig M. Hurlbert
Executive Chairman of the Board, Co-Founder
Kathleen Valiasek
President, Chief Executive Officer, Chief Financial Officer
Travis M. Joyner
Chief Technology Officer, Director
Margaret E. Mccandless
General Counsel, Corporate Secretary
Michael Molnar
Director
Charles R. Schwab
Director
Pamela Brewster
Independent Director
Mark J. Nelson
Independent Director
Matthew A. Nordby
Independent Director
Click to see more

Key facts

  • EPIC
    LOCL
  • Location
    United States
  • Sector
    Consumer/Non-Cyclical
  • Industry
    Crops
  • ISIN
    US53960E2054
  • Market cap
    $23.28m
  • Employees
    333
  • Shares in issue
    10.68m
  • Exchange
    New York Stock Exchange
  • Index

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Overview data is sourced from Refinitiv.