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Local Bounti® to Acquire Pete s® for $122 5 Million Creating Leading CEA Operator with Largest National Retail Distribution Footprint

De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relati.

United statesCraig hurlbertBrian cookHart scott rodinoStack flow technology at peteHollandia produce group incShearman sterlingBounti stack flow technologyPrnewswire local bounti corporationExchange commissionFlow technologyHerrington sutcliffWhole foodsLincoln internationalStack flow technologyLocal bounti

Local Bounti Announces Full Year 2021 Results

Transformative acquisition of Pete s will immediately open distribution to approximately 10,000 retail doorsFull year 2021 gross margin of 32%Prov.

United statesCraig hurlbertHollandia produce group incExchange commissionLeo holdingsBounti corporationWhole foodsFlow technologyLocal bounti corporationBounti logoLocal bountiBusiness combinationAnnounced anticipated acquisitionHollandia produce groupNorth americaGood agricultural practices

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