0.80
-7.66%
Close of 9 Nov 2026, in USD
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About Local Bounti
From its filings with the US Securities and Exchange Commission
Local Bounti is based in Hamilton, Montana and is incorporated in Delaware. Its shares trade on NYSE under the ticker LOCL. The SEC classifies its business as agricultural production-crops. In the fiscal year to 31 December 2025, it reported revenue of $48.4m and a net loss of $94.4m. At that date it held total assets of $410.5m and shareholders' equity of −$166.2m.
Our mission is to revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce to nourish communities everywhere for generations to come. Our vision is to reimagine freshness. We envision a future where transformative innovation and technology combine to enable us to locally grow produce with minimal food miles, ensuring the freshest and most sustainable offerings for communities everywhere. We believe that happy plants make happy taste buds, and we are committed to reimagining the standards of freshness. We also believe that local is the best kind of business, and we are committed to helping communities thrive for generations to come. We are committed to building empowered local teams. Together, we believe we are capable of extraordinary achievements in sustainable agriculture.
Local Bounti is a controlled environment agriculture ("CEA") company that produces sustainably grown produce, focused primarily on living and loose leaf lettuce. Founded in 2018, and headquartered in Hamilton, Montana, Local Bounti utilizes its patented Stack & Flow Technology® to grow healthy food sustainably and affordably. Our proprietary process is a hybrid growing approach, utilizing vertical farming in early plant growth, followed by greenhouse farming for final grow out. We designed our Stack & Flow Technology to give our products exactly what they need at every step of their growth cycle.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Staples
- Industry
- Food Products
- Listed since
- 19 Apr 2021
- Employees
- 289
- Website
- localbounti.com ↗
- Head office
- 490 FOLEY LANE, HAMILTON, MT, 59840
- Incorporated in
- DE
- Classification
- Agricultural Production-Crops
- Filer status
- Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
Leadership
Pay as last reported
- Mr. Craig HurlbertExecutive Chairman of the Board, Co-Founder, since 2021$533,163
- Ms. Kathleen ValiasekPresident, Chief Executive Officer, Chief Financial Officer$1.0m
- Ms. Margaret MccandlessGeneral Counsel, Corporate Secretary$443,700
- Mr. Matthew NordbyLead Independent Director$131,247
- Mr. Travis JoynerDirector, since 2021$9.5m
- Ms. Pamela BrewsterIndependent Director$146,247
- Mr. Michael MolnarIndependent Director
- Mr. Mark NelsonIndependent Director$141,247
- Mr. Charles SchwabIndependent Director
- Mr. Jeff SonnekInvestor Relations, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 61
- Environment
- 65
- Social
- 82
- Governance
- 36
- Direct emissions (scope 1)
- 4,639 t
- Energy emissions (scope 2)
- 3,353 t
- Value chain emissions (scope 3)
- 366 t
- Women in the workforce
- 37%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Local Bounti Corp's indoor growing facility in Hamilton Montana uses 90% less water than conventional agriculture.
- The company's CEA process produces non-GMO, pesticide-free lettuce and herbs sustainably.
- Products like Poppy Powder and Modern Greek are grown without GMOs or pesticides.
Weaknesses
- Hamilton Montana's location limits access to major urban markets despite proximity to retail partners.
- The company's small employee count of 289 restricts scalability for rapid expansion.
- Limited product range beyond lettuce and herbs may hinder market diversification.
Opportunities
- Expanding into the US market for sustainable food products with growing consumer demand.
- Increasing sales of Butter Lettuce and Crispy Green Leaf lettuce in retail partnerships.
- Leveraging 90% less land usage to attract eco-conscious investors and partners.
Threats
- Competition from conventional agriculture in the Food Products sector remains significant.
- Potential regulatory changes in the Consumer Staples industry could impact operations.
- Climate change effects on water availability might challenge sustainable water usage claims.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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