Local Bounti Corporation announced it has received a two-year award from a large multinational retailer. This agreement involves supplying Local Bounti's living butter lettuce product.
The product will be distributed to 13 of the retailer's distribution centers. Shipments will originate from Local Bounti's California and new Texas facilities.
This award is a direct result of the company's customer-centric approach and is expected to accelerate its path to achieving positive adjusted EBITDA, which is anticipated to occur during the second quarter of 2025.
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