Indoor farming company Local Bounti has secured a $23.3m private investment in public equity (PIPE) investment to scale up its proprietary Stack & Flow Technology, which the company argues leads to improved superior unit economics.
Many indoor farming companies - while noble in their pursuit of providing consumers with access to locally-grown produce with a longer shelf life and free from pesticides and other contaminants from conventional field farming - have struggled to create...
Local Bounti is playing to win in the CEA (controlled environment agriculture) sector with a hybrid approach to growing its leafy greens that combines the best of vertical and horizontal greenhouse farming, which founder and CEO Craig Hurlbert says offers...