Local Bounti Corporation

Good morning and welcome to Local Bounty's second quarter 2025 earnings conference call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time, I'd like to turn the conference call over to Jeff Sonick, Investor Relations at ICR. Please go ahead.

Thank you and good morning. Today's presentation will be hosted by Local Bounties Executive Chairman, Craig Hurlburt, and President, Chief Executive Officer, and Chief Financial Officer, Kathleen Valasek. The comments made during today's call contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are considered forward-looking statements. These statements are based on management's current expectations and beliefs as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements. Some of these risks and uncertainties are identified and discussed in the company's filings with the SEC. We'll also refer to certain non-GAAP financial measures today. Please refer to the press release, which can be found on our investor relations website, investors.localbounty.com, for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. And with that, I would now like to turn the call over to Craig. Please go ahead.

Thank you, Jeff, and good morning, everyone. I want to start by, again, expressing my sincere gratitude to the entire Local Bounty team. I continue to be inspired by the dedication and commitment I continue to witness across the company. It's been truly remarkable as we execute on our strategic vision and build towards sustainable profitability. The confidence our strategic investors continue to show in Local Bounty's vision and execution is evident in our recent $10 million capital infusion and commensurate debt reduction. strengthening our balance sheet at a critical inflection point. We built a streamlined, focused organization with world-class talent and Dane Almacy's addition as our chief commercial officer completes a commercial team capable of unlocking the full potential of our revolutionary stack and flow technology and the added capacity that's coming online. As we enter this next phase of growth, We believe that we have the right team, the right technology, and a significantly improved capital structure to capture the massive opportunity ahead in sustainable food production. With that, I'll now turn the call over to Kathy.