Trytosaveabit commented on a stock · Mar 27, 2024 19:20

Just a bit of updates

$Local Bounti (LOCL.US)$ PR Newswire
HAMILTON, Mont., March 27, 2024
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(R)
Preliminary first quarter 2024 revenue grew 22% sequentially to approximately $8.4 million

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