Local Bounti to Release Fiscal Full Year 2022 Financial Results on Wednesday, March 29, 2023

Rhea-AI Summary

Local Bounti Corporation (NYSE: LOCL, LOCL WS) announced it will release its financial results for the fiscal year ended December 31, 2022, on March 29, 2023, before market opening. The company will also host a conference call at 8:00 a.m. ET on the same day to discuss these results and other updates. Local Bounti is redefining indoor farming with its innovative Stack & Flow Technology™, enabling improved crop turns, increased output, and better unit economics. It services about 10,000 retail doors across the U.S. and employs sustainable methods that use 90% less land and water compared to traditional farming.

Positive

• Innovative Stack & Flow Technology™ enhances crop turns and output.
• Services approximately 10,000 retail doors across the U.S.
• Sustainable methods use 90% less land and water than conventional farming.

Negative

• None.

HAMILTON, Mont., March 17, 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 it will release its financial results for the fiscal full year ended December 31, 2022 before the market opens on Wednesday, March 29, 2023.

Conference Call

The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, March 29, 2023. To participate on the live call, listeners in North America may dial (877) 514-3623 and international listeners may dial (201) 689-8768.

In addition, the call will be broadcast live via webcast, hosted on the "Investors" section of the Company's website at localbounti.com and will be archived online. A telephonic playback will be available through April 8, 2023. North American listeners may dial (877) 660-6853 and international listeners may dial (201) 612-7415; the passcode is 13737273.

About Local Bounti

Local Bounti is redefining indoor farming with an innovative method – its proprietary Stack & Flow Technology™ – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 10,000 retail doors with its two brands: Local Bounti^® and Pete's^®. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti's sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'bring our farm to your kitchen in the fewest food miles possible,' Local Bounti's food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.

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SOURCE Local Bounti

FAQ

When will Local Bounti release its financial results for 2022?

Local Bounti will release its financial results for the fiscal year ended December 31, 2022, on March 29, 2023.

What time is the conference call scheduled for Local Bounti on March 29, 2023?

The conference call is scheduled to begin at 8:00 a.m. ET on March 29, 2023.

How does Local Bounti's Stack & Flow Technology™ benefit its operations?

Stack & Flow Technology™ improves crop turns, increases output, and enhances unit economics.

What sustainable practices does Local Bounti employ?

Local Bounti uses methods that require 90% less land and water than traditional farming.