Local Bounti, Disruptive AgTech Company Redefining the Future of Farming, Announces Corporate Updates

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Oct 21, 2021

Major New Customer Win with Addition of Albertsons, the Second Largest US Traditional Grocery Retailer - Total Store Count Served by Company now Exceeds 500

Expansion of Flagship Hamilton Facility Completed and Operational Ahead of Original Q4 2021 Plan, Enhancing Capacity by 140%. In Addition, Acquired Land for R&D Facility

Under Contract and in Due Diligence for Nevada Site Location for Build of Next Facility and On Track with Timelines for facilities in Pasco, WA and in Colorado

Building out Pipeline of Additional Product SKUs, Including Spinach and Arugula for Release in First Half of 2022

On Track to Successfully Close Planned Business Combination with Leo Holdings III Corp (NYSE:LIII, Financial) in Fourth Quarter 2021 to go Public

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