Local Bounti reports a booming 2024

The Montana-based company that operates an indoor agricultural facility in Pasco had a bountiful 2024 according to its latest financial report 

Local Bounti saw its sales increase 38%, its profit margin remain stable and a reduction in most expenses with more investment in research and development. 

The increase in sales, which hit $38.1 million, was partially attributed to sales from Local Bounti’s facilities in Texas and Pasco, which began shipping and selling products in the second quarter of 2024. 

The company’s distribution network expanded in the Pacific Northwest, California and Texas while establishing a new partnership with a prominent Midwest wholesaler and significantly strengthening its relationship with Walmart, now serving 191 stores with premium baby leaf varieties.