Local bounti completes sale-leaseback transaction, provides approximately $35 million of non-dilutive cash

Sale-leaseback of its two california facilities provides financing to support the company's growth plans hamilton, mont. , may 3, 2023 /prnewswire/ -- local bounti corporation (nyse: locl, locl ws) ("local bounti" or the "company"), a breakthrough u.s. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it has completed its sale-leaseback transaction with an internally managed net-lease real estate investment trust, for approximately $35 million.
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