Local Bounti

What Local Bounti does

Local Bounti is a controlled environment agriculture (CEA) company founded in August 2018 and headquartered in Hamilton, Montana. It operates a network of climate-controlled greenhouses across the United States—in Hamilton, MT; Pasco, WA; Mount Pleasant, TX; Byron, GA; Oxnard, CA; and Carpinteria, CA—producing leafy greens, living lettuce, salad kits, and herbs under its proprietary Stack & Flow Technology, a hybrid of vertical farming and hydroponic greenhouse growing. The company also holds a U.S. patent granted in February 2026 for AI-driven, computer-vision-based growing optimization that it links to record yield performance.

The company sells its produce on a B2B basis to retail grocery chains, servicing approximately 13,000 retail doors in the US. Named enterprise customers include Harris Teeter (a Kroger subsidiary with 250+ stores across the Southeast and Mid-Atlantic, where Local Bounti launched a six-SKU leafy greens assortment) and Walmart (Romano Caesar Family-Size Salad Kit launched in the Pacific Northwest from the Pasco facility). Pricing is not publicly disclosed; revenue is generated through transaction-based product sales of fresh, greenhouse-grown produce. The company offers 25+ retail SKUs across four core product families (Living Greens, Salad Kits, Leafy Greens, Herbs), and is positioned as the first indoor grower to offer salads with chicken, through kits such as the Asian Style Chicken Lettuce Wrap.

Local Bounti went public in June 2021 through a $1.1B SPAC merger with Leo Holdings III Corp, raising $400M with Cargill, BNP Paribas, and Fidelity as PIPE investors. It has since executed multiple financings with Cargill, including a $145M credit-facility expansion and sale-leaseback in March 2023, and a March 2025 restructuring (the Eleventh Amendment) that cancelled roughly $197M of debt. FY2025 revenue reached $48.4M (+27% YoY) and Q1 2026 revenue was $13.3M (+15% YoY), with the net loss narrowing and adjusted EBITDA loss improving 35% year-over-year. As of February 2026, the company is addressing an NYSE notice regarding minimum market capitalization continued-listing standards.

Name

Local Bounti

Legal name

Local Bounti Corporation

Website

https://localbounti.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Local Bounti is a controlled environment agriculture company that grows leafy greens, living lettuce, salad kits, and herbs in US climate-controlled greenhouses using patented Stack & Flow Technology, distributing through approximately 13,000 retail doors including Walmart and Harris Teeter.

Ownership category

akta.pro rank

Product category

Indoor Agriculture

NAICS

Other Food Crops Grown Under Cover (111419), Food Crops Grown Under Cover (11141)

SIC

Agricultural Production-Crops (100), Wholesale-Groceries & Related Products (5140)

akta.pro primary industry

Greenhouse Vegetable Production (Tomatoes, Cucumbers, Peppers, Leafy Greens) (AFAGAHAA)

akta.pro secondary industries

Hydroponic / Controlled-Environment Produce Wholesale (AFAIACAM), Leafy Greens & Salad Processing Packhouses (Fresh-Cut) (AFAOAGAI)

Keywords

• Controlled environment agriculture
• Indoor vertical farming
• Greenhouse leafy greens
• Fresh produce distribution
• Hydroponic produce

Headquarters

HQ city

Hamilton

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Fresh Produce Sales: Local Bounti generates revenue through the sale of fresh produce including living lettuce, salad kits, loose leaf lettuce, and herbs grown in their controlled environment agriculture facilities. Revenue is derived from B2B sales to retail grocery chains and is transaction-based, recurring as a product revenue stream.
2. Product Sales: Sale of sustainably grown living lettuce, herbs, and loose leaf lettuce through retail distribution channels including Harris Teeter, Walmart, and other grocery partners. Products include living greens, salad kits, leafy greens, and herbs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Local Bounti grows and sells fresh produce — living lettuce, leafy greens, salad kits, and herbs — in climate-controlled greenhouses using its proprietary Stack & Flow Technology. The company sells its products on a B2B basis to retail grocery chains and services approximately 13,000 retail doors across the United States. The growing operation uses 90% less land and 90% less water than conventional agriculture and avoids triple washing or chlorine baths to extend shelf life.

Product overview

Local Bounti is a controlled environment agriculture (CEA) company that operates as a unified product portfolio of greenhouse-grown produce. The company utilizes its patented Stack & Flow Technology®—a hybrid of vertical farming and hydroponic greenhouse farming—to produce sustainably grown living lettuce, leafy greens, salad kits, and herbs. The product ecosystem centers on Living Greens (living lettuce varieties including Butter Lettuce), Leafy Greens (Green Leaf, Red Leaf, Romaine, Spring Mix), Salad Kits (including Romano Caesar Family-Size, Asian Style Chicken Lettuce Wrap, and Power Crisp varieties), and Herbs (including Organic Living Watercress). All products are grown in advanced climate-controlled greenhouses using 90% less land and 90% less water than conventional farming, with Non-GMO seeds. The company services approximately 13,000 retail doors across the United States with products available at Harris Teeter, Walmart, and other retailers.

Differentiator

Problem solved

Functional benefit

Products and services

• Living Greens Living lettuce varieties including Butter Lettuce and other greenhouse-grown greens that maintain freshness from harvest to table. Sold to retail grocery customers for resale to consumers.
• Salad Kits Ready-to-eat salad kits including Romano Caesar Family-Size Salad Kit, Asian Style Chicken Lettuce Wrap Kit, and Power Crisp varieties. Sold through retail grocery customers including Walmart and Harris Teeter. Local Bounti was the first indoor grower to offer salads with chicken.
• Leafy Greens Variety of leafy greens including Green Leaf, Red Leaf, Romaine, Spring Mix, and Green & Red Leaf blends grown in climate-controlled greenhouses. Sold to retail grocery customers.
• Herbs Aromatic fresh herbs grown sustainably in greenhouse environments, including Organic Living Watercress. Sold through the company's retail grocery network.

Quantifiable outcome

• 90% less land and water usage vs conventional farming
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core and major.

• Harris TeetercoreChannel Partner/ Reseller/ Distributor · 15 June 2026Harris Teeter, a premium grocer and wholly-owned subsidiary of Kroger, partnered with Local Bounti for distribution of a six-SKU assortment of locally grown leafy greens at all 250+ Harris Teeter locations across Southeast and Mid-Atlantic regions. The partnership represents a major expansion of Local Bounti's retail presence.
• WalmartmajorChannel Partner/ Reseller/ Distributor · 13 October 2025Local Bounti launched its Romano Caesar Family-Size Salad Kit at Walmart, expanding product availability in the Pacific Northwest from its Pasco, Washington facility. Plans for further expansion from the Texas facility.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Gotham Greens: Gotham Greens operates a national network of hydroponic greenhouses producing leafy greens, herbs, and salad dressings sold through major U.S. grocery retailers. Most directly comparable to Local Bounti on greenhouse CEA production of leafy greens/herbs and B2B grocery distribution model.
• BrightFarms: BrightFarms operates regional hydroponic greenhouses producing packaged salad greens sold under its own brand at major U.S. supermarket chains. Closely comparable to Local Bounti in greenhouse CEA leafy greens, retail grocery GTM, and regional facility model.
• Revol Greens: Revol Greens grows greenhouse lettuce and leafy greens in the U.S. for retail grocery customers. Directly comparable to Local Bounti in greenhouse-grown CEA leafy greens, retail grocery channel, and U.S. regional facility footprint.
• AeroFarms: AeroFarms operates indoor vertical farms producing leafy greens sold to retail and foodservice customers. Comparable to Local Bounti as a U.S. CEA leafy-greens producer, though AeroFarms uses vertical farming rather than the greenhouse hybrid Stack & Flow model.
• Plenty: Plenty is an indoor vertical farming company producing leafy greens for U.S. retail grocery customers. Comparable to Local Bounti as a CEA leafy-greens producer with retail grocery GTM, though emphasizing vertical farm architecture rather than greenhouse hybrid.
• Bowery Farming: Bowery operates indoor vertical farms producing leafy greens, herbs, and berries for U.S. retail and foodservice customers. Comparable to Local Bounti as a CEA leafy-greens producer competing for the same retailer shelf space.

Broad incumbents

• Taylor Farms: Taylor Farms is a large producer of value-added fresh salads, salad kits, and fresh-cut vegetables sold to retail grocery and foodservice customers. Overlaps with Local Bounti on salad-kit and packaged-greens categories but operates at much larger scale and across broader produce categories.
• Mastronardi Produce: Mastronardi Produce operates one of North America's largest greenhouse produce networks growing tomatoes, peppers, cucumbers, and leafy greens under its Sunset and Backyard Farms brands. Comparable to Local Bounti on greenhouse CEA produce and broad retail grocery distribution.

Others

• Hollandia Produce: Hollandia Produce is a California-based greenhouse grower acquired by Local Bounti in 2022 for ~$122.5M, now operating as part of Local Bounti. Relevant as a comparable California greenhouse leafy-greens producer that became part of the subject company.

Emerging players

• NatureSweet: NatureSweet is a controlled-environment agriculture producer specializing in greenhouse-grown tomatoes sold to U.S. retail grocery. Comparable to Local Bounti on the greenhouse CEA production model and retail grocery GTM, though focused on tomatoes rather than leafy greens.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYlxISL3R_uKBM6R2l4598Q
• Facebookfacebook.com/localbounti
• LinkedInlinkedin.com/company/local-bounti
• Instagraminstagram.com/localbounti
• Pinterestpinterest.com/LocalBounti/created
• Xx.com/localbounti

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds9 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Local Bounti