Local bounti announces pipe financing to support long-term growth strategy

Entered into agreement for $23.3 million pipe with fidelity management & research company, bnp paribas and other existing investors including management hamilton, mont. , oct. 24, 2022 /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 an equity raise to support the continued scale-up of its organization and build-out of its network of innovative controlled environment agriculture ("cea") facilities that leverage its proprietary stack & flow technology™ to significantly improve crop turns, increase output and improve unit economics.
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