Local Bounti focuses on sustainable agriculture
The company has launched spring mix in the third quarter of 2021
Image credit: PR Newswire
In response to growing customer demand, Local Bounti, a leader in the controlled environment agriculture (CEA) space, where it uses 90 per cent less water and 90 per cent less land than traditional agriculture has launched spring mix in the third quarter of 2021, increasing its SKU count from seven to eight. Spring mix joins Local Bounti's existing line-up alongside red-green blend, crispy green leaf, butter head, loose leaf butter, romaine, cilantro, and basil. Additional products targeted for release in the first half of 2022 include spinach and arugula, among others.
Local Bounti is focused on significantly increasing produce shelf life, reducing waste and emissions, and addressing the availability of high-quality produce in local communities.
Local Bounti estimates that the total US market for herbs and vegetables is anticipated to reach $30 billion by 2025, with less than one percent of leafy greens being grown indoors today.
"We are exceptionally pleased with our execution on multiple fronts in rapidly building our business toward fast facility and revenue scale up," said Craig Hurlbert, co-CEO, Local Bounti. “Successful completion of these initiatives further paves the way toward our plans to have the best unit economics and growth trajectory of any company in the CEA space. We also continued the forward progress with our planned business combination with Leo so we can continue our mission as a publicly traded company," continued Hurlbert.