Local Bounti Corporation/DE

Distribution

The Company currently services approximately 13,000 retail doors and expanded its retail presence in select southern markets with a new national retailer in the fourth quarter of 2025. During the first quarter of 2026, the Company secured and launched programs with two additional accounts, including a large premier retail customer covering more than 250 stores with a six SKU rollout, and a large regional retailer. The Company’s quarterly sales to a major e-commerce and DTC customer continue to perform strongly following growth of more than 600% during 2025.

The Company continues to benefit from strong demand and ongoing support from its long-standing customer base. In the first and early second quarter of 2026, the Company was awarded bids that extend supply programs with multiple national retail accounts through the first quarter of 2027. These commitments span several of the Company’s key product lines, including baby leaf lettuce and organic butter lettuce. The awards underscore the strength of the Company’s relationships with blue-chip retail partners and reflect those customers’ continued confidence in Local Bounti’s ability to deliver consistent, high-quality products over the long term.