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Montana company hopes to become a gamechanger in indoor agriculture
You may not give much thought to where the vegetables on your plate come from, but one company with Montana roots has, and it’s setting its sights on changing agriculture by bringing innovation to indoor farming.
Local Bounti built its first large state-of-the art-greenhouse in Hamilton and has plans for several more in the Northwest as it prepares to go public in coming weeks.
By: Russ Riesinger
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Hamilton, Montana – Local Bounti, Disruptive AgTech Company Redefining the Future of Farming, to Go Public in $1.1B SPAC Deal via Leo Holdings III Corp. – Career Opportunities
As a result of the transaction with Leo, Local Bounti will receive up to $400 million in gross proceeds (assuming no redemptions), including $125 million from a fully committed PIPE anchored by existing investors and new investors, including Fidelity Management & Research Company LLC, BNP Paribas Asset Management Ecosystem Restoration Fund and Cargill.
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