May 12, 2022

Local Bounti to Present on Its CEA Business

Local Bounti Corporation, a controlled environment agriculture company that combines aspects of greenhouse growing and vertical farming, will participate in the BMO Global Farm to Market Conference May 18-19.

Craig Hurlbert, co-CEO, Travis Joyner, co-CEO, and Kathleen Valiasek, CFO, will host a presentation 1:15 pm EST on Wednesday, May 18, according to a news release from the company. Additionally, members of the management team will host meetings with investors. A live audio webcast of the panel will be available to all interested parties through the Company’s Investor Relations website.

Local Bounti’ proprietary Stack & Flow Technology is marketed as improving crop turns, increasing output and improving unit economics. Local Bounti grows leafy greens at indoor growing facilities across the U.S., reaching 10,000 retail doors with its two brands: Local Bounti and Pete’s.

BMO Capital Markets’ 17th annual Global Farm to Market Conference on May 18th and 19th, 2022 in New York will gather leaders from a range of businesses involved in the food chain and feature thematic panel sessions, company presentations, fireside chats and one-on-one meetings, according to a news release from BMO Capital Markets.

At this event, companies, analysts and investors will discuss how companies are responding to higher commodity prices and rising inflation, shifting consumer behaviors, elasticity of demand, food security concerns, supply chain challenges and workforce issues, according to the news release for the event. At the same time, growers are figuring out how to monetize more sustainable farming practices and better integrate with the downstream food supply chain. Key topics also include how companies will deploy the current influx of cash created by higher profitability and high demand to fuel future growth and return cash to shareholders, along with how companies managing through the challenging inflationary and supply environment will balance strategic planning for the short and long terms.