Local Bounti Corporation, a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, announced the commencement of farming operations at its new innovative controlled environment agriculture (CEA) facility in Byron, Georgia.
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The addition of the new facility in central Georgia fortifies Local Bounti‘s distribution with the ability to directly service 19 retail distribution centers within an approximate 400 mile radius of the facility. The East Coast presence enhances service to the Company’s customers and the approximately 10,000 retail locations that they operate across 35 U.S. states and Canadian provinces. Further, the facility will provide additional capacity to meet existing demand from the Company’s direct relationships with blue-chip retail customers, including Albertsons, Kroger, Target, and Walmart, as well as Whole Foods and AmazonFresh.
Local Bounti plans to install its innovative Stack & Flow Technology™ at all of its facilities, and is in the process of initial planning to install Stack & Flow at its Georgia facility, which was acquired in the previously announced transaction with Pete’s, to further expand revenue generating capacity. Stack & Flow Technology combines the best aspects of vertical farming and greenhouse growing technologies to deliver higher yields of diverse leafy greens with superior unit economics.
The Company has started the expansion of the 3-acre facility, which will double the facility capacity to 6-acres and has the opportunity to expand to 24 acres to execute growth initiatives and broaden its product offering. Local Bounti will initially utilize the 3-acre facility to grow and sell Local Bounti’s greenhouse fresh line of packaged salad greens. These include spring mix, butter lettuce, romaine crisp, green leaf, and other blends.