Local Bounti Corporation, a U.S. indoor agriculture company, announced that it has received a two-year award from a large multinational retailer to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
This award is a direct result of the strategic discussions the Company has been having with new and existing customers. By working closely with retail partners, Local Bounti ensures that each facility is optimized for specific products that meet customer distribution plans. This approach is allowing the Company to maximize synergies across its growing footprint and customer network, driving performance and accelerating the path to positive adjusted EBITDA, which is anticipated to occur during the second quarter of 2025.
