Local Bounti Named as Exclusive CEA Honoree on the TIME World's Growth Leaders 2026 List

Rhea-AI Summary

Local Bounti (NYSE: LOCL) was named to the TIME World's Growth Leaders 2026 list, and is the only Controlled Environment Agriculture (CEA) honoree. The recognition highlights five-year revenue growth, financial stability, and stock performance, supported by patented technology, expanding retail partnerships, and double-digit revenue growth.

Positive

• Named to TIME World's Growth Leaders 2026 among 1,000 global companies
• Only Controlled Environment Agriculture company recognized in TIME's 2026 Growth Leaders list
• Reported 2025 revenue growth of 27%
• First quarter 2026 revenue grew 15% year-over-year
• Adjusted EBITDA loss improved by 35% year-over-year in Q1 2026
• Issued U.S. patent in February 2026 for AI-driven Stack & Flow Technology platform
• Launched two new retail accounts and extended supply agreements with existing partners in Q1 2026

Negative

• Company continues to operate at an adjusted EBITDA loss despite year-over-year improvement

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HAMILTON, Mont., June 1, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has been named to TIME's World's Growth Leaders 2026. The list recognizes 1,000 companies globally across industries for exceptional revenue growth, financial stability, and stock performance, over the past five years. Within the food and beverage category, only 25 organizations worldwide received the designation, and Local Bounti was honored as the only Controlled Environment Agriculture (CEA) company to make the list.

"Local Bounti was founded on the belief that growing food closer to where people live is a more sustainable approach to agriculture," said Kathleen Valiasek, President and Chief Executive Officer of Local Bounti. "Being featured as the only CEA company named to the World's Growth Leaders list reinforces the conviction that we're doing the right work to make a lasting impact to improve our food system. The largest retailers around the world are increasingly designing supply chains that treat controlled environment agriculture as permanent infrastructure, and Local Bounti is positioned at the center of that inflection. This recognition reflects the momentum the entire team has built and I'm proud of what we've accomplished."

The 2026 recognition reflects Local Bounti's continued execution across strategic pillars that are driving its growth trajectory:

• Technology-Protected Competitive Advantage: In February 2026, Local Bounti was issued a U.S. Patent covering its proprietary computer vision and AI-driven growing optimization — core components of its patented Stack & Flow Technology^® platform — which has contributed to yield increases that are now at the highest levels in Company history.
• Expanding Blue-Chip Retail Partnerships: Local Bounti's commercial momentum continued to accelerate in the first quarter of 2026, with the launch of two new retail accounts and new supply agreement extensions with existing partners.
• Operational Discipline Driving Financial Performance: Following the Company's strong performance in 2025 where it achieved revenue growth of 27%, in the first quarter of 2026, the Company grew revenue by an additional 15% while improving its adjusted EBITDA loss¹ by 35% year-over-year.

¹Adjusted EBITDA loss is a non-GAAP measure. See the reconciliation of this non-GAAP measure to the most directly comparable GAAP measure in our most recent earnings release at investors.localbounti.com.

About Local Bounti

Local Bounti is redefining indoor farming with an innovative method – its patented Stack & Flow Technology^® – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti's sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce and nourishing communities everywhere for generations to come,' Local Bounti's food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments. 

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SOURCE Local Bounti

FAQ

Why was Local Bounti (NYSE: LOCL) named to the TIME World's Growth Leaders 2026 list?

Local Bounti was named to TIME World's Growth Leaders 2026 for its five-year revenue growth, financial stability, and stock performance. According to the company, it is the only Controlled Environment Agriculture firm among 1,000 global honorees and 25 food and beverage organizations.

What makes Local Bounti the only CEA company on TIME's World's Growth Leaders 2026 list?

Local Bounti is the only Controlled Environment Agriculture company on TIME's 2026 Growth Leaders list, reflecting its category-leading growth. According to Local Bounti, the recognition highlights its position as retailers increasingly treat controlled environment agriculture as permanent supply chain infrastructure.

How fast is Local Bounti (LOCL) growing its revenue in 2025 and Q1 2026?

Local Bounti reported 2025 revenue growth of 27% and first quarter 2026 revenue growth of 15% year-over-year. According to the company, these gains occurred alongside a 35% year-over-year improvement in adjusted EBITDA loss, indicating better operating efficiency.

What new technology patent did Local Bounti (NYSE: LOCL) obtain in February 2026?

In February 2026, Local Bounti received a U.S. patent covering its computer vision and AI-driven growing optimization. According to the company, this technology is part of its Stack & Flow Technology platform and has helped lift yields to the highest levels in its history.

How is Local Bounti expanding retail partnerships in 2026?

Local Bounti expanded retail partnerships in first quarter 2026 by launching two new retail accounts and extending supply agreements with existing partners. According to the company, this commercial momentum supports its growth trajectory in the food and beverage retail channel.

What does the improvement in Local Bounti's adjusted EBITDA loss mean for LOCL investors?

Local Bounti improved its adjusted EBITDA loss by 35% year-over-year in Q1 2026, while still operating at a loss. According to the company, this reflects operational discipline and better financial performance, which investors may view as progress toward potential future profitability.