Local bounti announces full year 2023 financial results

Georgia facility demonstrating further improvement year-to-date — packed pounds increased 50% versus december 2023 and 3x versus a year ago commenced operations at washington and texas facilities in january, expect to begin shipping product to customers in the second quarter 2024 expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the midwest announces national expansion of grab-and-go salad kits montana facility to transition from r&d to commercial production mid-year to support increased customer demand and revenue and ebitda goals received patent for proprietary stack & flow technology® preliminary first quarter 2024 revenue grew 22% sequentially to approximately $8.4 million hamilton, mont. , march 27, 2024 /prnewswire/ -- local bounti corporation (nyse: locl) ("local bounti" or the "company"), a breakthrough u.s. indoor agriculture company, today announced its financial results for the three and twelve months ended december 31, 2023 and provided preliminary first quarter 2024 sales results.
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