Hamilton, Montana-based Local Bounti Corporation has announced an offtake agreement with Sam’s Club for its leafy greens production, beginning at its advanced greenhouse facility in Byron, Georgia.
“This exciting commercial development represents a powerful endorsement of our dedicated team that works to deliver the highest quality locally grown produce to our customers,” said Brian Cook, president.
“We will continue to pursue sound capital allocation with a keen eye on capital efficiency as we further expand our operations. Today’s announcement demonstrates the advantages of our existing national relationships and how that knowledge informs the advancement of our facility network.”
Local Bounti will implement its Stack & Flow Technology at the facility in Georgia, enhancing capacity to meet demand. Stack & Flow Technology, Local Bounti’s method of indoor farming, combines aspects of vertical farming and greenhouse growing technologies to deliver higher yields of diverse leafy greens.
Through this process, Local Bounti can grow produce in an environmentally friendly manner that increases harvest efficiency and reduces the cost and carbon footprint of the production and distribution process. The technology is 30 times more productive per acre than traditional agriculture.
Local Bounti operates advanced indoor growing facilities across the U.S., servicing about 10,000 retail doors with its two brands: Local Bounti and Pete’s. The company grows food using a controlled environment agriculture with natural elements. Its sustainable growing methods uses 90 percent less water and land than conventional farming methods.
To find out more, visit localbounti.com.
Local Bounti recently broke ground on an agriculture facility in Mount Pleasant, Texas. To read the full story presented by The Shelby Report, click here.