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Jan. 21, 2023

Local Bounti Breaks Ground at New High-Tech Controlled Environment Agriculture Facility in Texas to Support Growing Demand

Local Bounti Breaks Ground at New High-Tech Controlled Environment Agriculture Facility in Texas to Support Growing Demand

Currently operating the largest national distribution footprint in the industry, future operations in Texas signal Local Bounti’s commitment to reduce food miles throughout the United States

Local Bounti Corporation (NYSE: LOCL, LOCL WS), a leading U.S. controlled environment agriculture (CEA) company committed to growing locally and distributing nationally with the largest distribution footprint in the industry, today announced construction on a new state-of-the-art indoor facility in Mount Pleasant, Texas. Shovels for Ground Breaking of Local Bounti Corporation in Mount Pleasant Texas

Local Bounti began constructing a six-acre facility that will leverage the Company’s proprietary Stack & Flow Technology™ to grow and sell its indoor-grown line of packaged leafy greens. Varieties include spring mix, butter lettuce, romaine crisp, green leaf, and additional blends. The facility is expected to commence operations in the fourth quarter of 2023. The facility will be located on 39 acres inside the city’s Cypress Industrial Park.

“Mount Pleasant is thrilled to welcome Local Bounti to the region. By merging the best aspects of vertical and greenhouse growing technologies, Local Bounti adds a much desired agri-tech ingredient to Mount Pleasant’s rich history in food production. As Local Bounti’s chosen Texas location for up to 50 new jobs, $80+ million investment, and multiple planned phases surpassing an 800,000 square foot total build-out, Mount Pleasant looks forward to growing with Local Bounti for many years to come.”

Nathan Tafoya, Executive Director of the Mount Pleasant Economic Development Corporation.

The addition of the new facility in northeast Texas is expected to fortify Local Bounti’s distribution in markets across Texas, Oklahoma, Louisiana, Mississippi, Arkansas, Kansas, and Missouri. Further, the facility is designed to provide additional capacity to meet existing demand from Local Bounti’s direct relationships with blue-chip retailers and distributors throughout the region.

“Local Bounti is excited to call Mount Pleasant home to our latest facility in a rapidly expanding national footprint. Future local operations will help us answer existing customer demand within the Lone Star State and adjacent markets."

Craig Hurlbert, Co-Founder & Co-CEO of Local Bounti.

The construction phase of the facility will begin immediately and is expected to generate approximately 50 direct jobs in Mount Pleasant, Texas. Once the facility is operational in the fourth quarter of 2023, Local Bounti expects to generate approximately 200 direct and indirect jobs throughout Titus County.

Local Bounti is building one of the largest networks of high-tech CEA facilities in the U.S. with the ability to grow sustainable, fresh produce year-round, providing consumers with extended shelf life versus traditional farming methods.

The City of Mount Pleasant, Texas Industrial Development Corporation, dba Mount Pleasant Economic Development Corporation’s (MPEDC) is a partner of the Texas Economic Development Connection. If you're interested in learning more about Mount Pleasant or economic development in Texas, be sure to check out the Texas Economic Development Connection website. The site is a great resource for those looking to start or grow a business in the state. It provides a wealth of information on everything from funding opportunities to workforce development programs. Whether you're a seasoned entrepreneur or just getting started, the TexasEDConnection website is a valuable tool for anyone looking to succeed in the Texas economy.