- Local Bounti Corp LOCL has agreed with Walmart Inc's WMT Sam's Club for its leafy greens production starting at its advanced greenhouse facility in Byron, Georgia.
- Local Bounti will implement its Stack & Flow Technology at the new facility in Georgia, further enhancing capacity to meet existing demand.
- Stack & Flow Technology, is a method of indoor farming, combining the best aspects of vertical farming and greenhouse growing technologies for higher yields.
- The technology is over 30 times more productive per acre than traditional agriculture.
- "We will continue to pursue sound capital allocation with a keen eye on capital efficiency as we further expand our operations," said President Brian Cook.
- Price Action: LOCL shares are trading higher by 2.89% at $2.85 on the last check Monday.
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