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LOCL – Local Bounti Corp

Not Compliant

Local Bounti Corp is not Shariah Compliant because it fails the financial ratios.

Local Bounti Corporation (Local Bounti) is a controlled environment agriculture (CEA) company. The Company operates an indoor growing facility in Hamilton, Montana, within a few hours’ drive of its retail and food service partners. The Company produces sustainably grown living lettuce, herbs, and loose-leaf lettuce. Through its CEA process, it produces its products in an environmentally sustainable manner that harvests, limits water usage and reduces the carbon footprint of the production and distribution process. The environmental greenhouse conditions ensure the nutritional value and taste, and the products are non-genetically modified organisms (GMO) and pesticide and herbicide free. The Company’s products use approximately 90% less water and 90% less land than conventional agriculture to produce. Its products include Poppy Powder, Modern Greek, Butter Lettuce, Crispy Green Leaf, Red & Green Blend, Romaine Lettuce, Butter Lettuce and more.


Debt ÷ Market cap (MC)1120.42
Non-Compliant Assets ÷ MC
Impure Income (incl. Interest)
Impure Income%
Interest Income%

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