Local Bounti grows and sells fresh leafy greens — primarily living butter lettuce and loose leaf lettuce — using controlled environment agriculture (CEA). The company sells branded produce to major retailers including Walmart, Kroger, Albertsons, and Target, distributing to roughly 13,000 retail locations across 35 U.S. states. Local Bounti also serves foodservice and wholesale customers. The company operates five greenhouse facilities in California, Georgia, Washington, and Texas. Local Bounti's core technology is its patented Stack & Flow system, which stages early plant growth in a vertical nursery before transferring plants to horizontal greenhouse beds, yielding 1.5 to 2.0 times more than standard greenhouse operations. Revenue is driven by volume sold and price per pound, with higher-margin value-added products like salad kits complementing core commodity greens. Unit economics depend heavily on yield per square foot, labor cost per pound, and facility utilization — because costs are largely fixed, higher throughput per facility is the key profitability lever. Local Bounti's growth strategy centers on expanding existing facilities, acquiring and retrofitting operational greenhouses, and adding higher-margin SKUs to deepen retail shelf presence. The company has also flagged the potential to license Stack & Flow to international CEA operators, though no formal arrangements exist. Local Bounti was still reporting adjusted EBITDA losses as of late 2025, but was targeting positive adjusted EBITDA in early 2026.