Local Bounti Corporation

Good morning and welcome to Local Bounty's third quarter 2025 earnings conference call. All participants will be in a listen-only mode. 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 Bounty's 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. the reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. And with that, I'd now like to turn the call over to Craig. Go ahead.

Thank you, Jeff, and good morning, everyone. I want to start by expressing my gratitude to the entire local bounty team for their exceptional execution this quarter. What makes Q3 particularly noteworthy isn't just our operational achievements. It's the fundamental shift we're seeing in how the market views controlled environment agriculture. We believe we have reached an inflection point and local bounty is positioned at the center of it. Three years ago, conversations with major retailers were exploratory and measured. Today, they're active strategic discussions about long-term supply partnerships. Retailers who once questioned CEA viability are now designing supply chains that assume it's permanent infrastructure. They're actively looking for the right partners who can deliver consistent quality and innovation at scale. This shift from if to how much and how fast represents the market validation we've been charging towards and It's why we're being deliberate about the partnership structures that create long-term value, not just near-term revenue. And with that, I will now turn the call over to Kathy.