Local Bounti, Inc. (NYSE: LOCL) is a U.S.-based controlled environment agriculture company focused on producing fresh, high-quality leafy greens and herbs year-round. Founded in 2017 and headquartered in Scottsdale, Arizona, the company was created with the mission of bringing sustainable, locally grown produce closer to consumers. Local Bounti combines advanced indoor farming techniques with proprietary nutrient delivery systems and LED lighting to optimize plant growth while minimizing resource usage.
The company’s core operations revolve around its network of modular greenhouses, which are strategically located near major metropolitan areas to reduce transportation time and carbon emissions. Each greenhouse is designed to replicate ideal growing conditions, allowing Local Bounti to maintain consistent quality standards across its product line, regardless of external weather conditions. This approach enables the company to supply retailers and foodservice providers with fresh produce on a daily basis.
Local Bounti’s product portfolio includes a variety of salad greens, baby leaf blends, living lettuce, and specialty herbs. These items are marketed under the company’s Fresh Blends and Growtainer brands and are distributed to supermarkets, independent grocers and restaurant chains across the Southwest, with expansion plans into additional regions nationwide. By co-locating its facilities near distribution hubs, Local Bounti is able to shorten supply chains, reduce spoilage and offer a more reliable delivery schedule for its customers.
Under the leadership of President and CEO Steven Riolo, Local Bounti has emphasized research and development to drive continuous improvement in yield, flavor and sustainability. The company maintains an R&D center where agronomists and engineers collaborate on next-generation growing media, energy-efficient lighting and automation technologies. As part of its long-term strategy, Local Bounti aims to scale its modular greenhouse model across the United States, addressing rising consumer demand for fresh, locally sourced produce while advancing resource-efficient agricultural practices.
AI Generated. May Contain Errors.
