Local Bounti Partners With Sam's Club To Deliver Fresh Produce

by Shivani Kumaresan, Benzinga Staff Writer

November 7, 2022 12:20 PM | 1 min read |

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.