- Local Bounti, which will trade on the NYSE, is coming public through a SPAC, Leo Holdings III.
- Local Bounti is an indoor agricultural business that is growing sustainable produce in the Western U.S.
- Local Bounti currently has one facility, but it is expecting to grow this into three producing facilities by this time in 2022.
- After only receiving its first revenue in 2020, Local Bounti says it can earn $462 million in revenue by 2025.
- I am recommending that investors do not buy into Local Bounti, for it has little geographic advantage, size advantage, nor any other attributes that set it apart from the competition.
For further details see:
Leo Holdings Is Bringing Local Bounti Public: Promising Industry, Unsettling Business