Edible Garden Ag Recent News:
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Reports Revenue Growth in Q1; Expands Herb Production (2024/04/18)
Edible Garden AG has reported impressive preliminary results for Q1 with a 40% increase in produce revenues and a 200% increase in cut herb revenues YoY. The growth in herb production is due to recent investments in infrastructure and equipment. The CEO expressed optimism about the company’s growth trajectory and strong demand for its products from leading retailers.
Expands Distribution with UNFI for New Sustainable “Pulp” Product Line (2024/04/12)
Edible Garden AG has announced a significant expansion of its distribution network with United Natural Foods, Inc. (UNFI) now carrying Edible Garden’s newly launched line of Pulp sustainable gourmet sauces and chili-based products. UNFI operates across more than 30,000 locations, ensuring that Edible Garden’s products are extensively available. The Pulp line is designed to transform “Bland to Bold,” a concept that has resonated well with consumers, enhancing Edible Garden’s standing as ‘The Flavor Maker.’
Expands into Spring Ornamentals (2024/04/10)
Edible Garden AG has diversified its product lineup, initiating the shipment of spring ornamentals from its Heartland facility in Michigan. The new range includes hanging baskets and accent greens, meeting the expected surge in demand during the Mother’s Day season. The expansion into the ornamental and floral segment is backed by Edible Garden’s adoption of innovative growing methods and technologies, enhancing supply chain efficiency. The move is expected to positively impact the company’s overall margins, offering higher margins compared to other offerings.
Moves to Strengthen Its Market Position Through Vertical Integration (2024/04/04)
Edible Garden AG is moving towards vertical integration by bringing the production of its potted herbs in-house at its Heartland facility in Michigan. This move is expected to improve margins and production processes while reducing costs. The company has adopted advanced technologies like the GreenThumb greenhouse management system and installed high-speed packing lines to increase efficiency and capacity. Edible Garden aims to expand production capabilities in the region and maximize operating efficiency.
Reverse Stock Split (2024/04/03)
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has announced a planned reverse stock split of its common stock at a ratio of 1-for-20, to align with Nasdaq’s minimum bid price requirements. The split will take effect on April 5, 2024, and was approved by stockholders in November 2023. The CEO, Jim Kras, believes the split will enhance the marketability of the company’s shares.
Reports Revenue Growth in 2023 Financial Results (2024/04/02)
Edible Garden AG Incorporated reported substantial growth and strategic advancements for the three-month and full-year periods ending December 31, 2023. The company’s revenue increased significantly, and partnerships with Tops Friendly Markets and Uncle Giuseppe’s Marketplace have notably enhanced its footprint in the Northeastern U.S. Edible Garden’s sustainable practices, technological investments, and commitment to innovation have also contributed to its Zero-Waste Inspired® mission. Despite facing increased costs, the company improved its gross profit and operating margin significantly.
Showcasing Pulp Sauces at EXPO WEST 2024 (2024/03/06)
Edible Garden AG Inc. will be showcasing their sustainable gourmet sauces and chili-based products at the National Products EXPO WEST 2024. The Pulp line of products features a selection of hot sauces, salsas, and oils crafted from USDA Organic fermented ingredients. They plan to extend the Pulp product line’s availability across its distribution network of over 5,000 retail locations to capitalize on the global sauces and condiments market’s growth. Attendees will have the chance to sample the Pulp product line, discover Edible Garden’s innovative ‘Squeezables’ line of squeezable herbs, and interact with Pulpy, the Pulp mascot.
Edible Garden Appoints Chanida Curnutt As Senior VP of Business Development & Compliance (2024/03/06)
Edible Garden AG Incorporated has appointed Chanida Curnutt as Senior Vice President of Business Development and Compliance, leveraging her over 13 years of expertise in global business strategies, international trade, and regulatory compliance to drive the company’s growth, international expansion, and enhance its commitment to organic and sustainable produce. Curnutt’s significant experience, including roles at Oventure Investments Group and Baker McKenzie, along with her education in law and taxation, positions her as a strategic asset for Edible Garden’s future development in the controlled environment agriculture sector.
Receives Funding from Michigan’s Going PRO Talent Fund (2023/02/23)
Edible Garden AG Incorporated (Company Profile) received a grant to cover the training and development costs of its workforce. The funding will be used to improve operational efficiency, particularly in supply chain management and logistics. The company’s proprietary greenhouse agriculture technology is expected to improve shipping and fill rates, leading to sales growth. This initiative promotes industry-specific growth and contributes to economic progress in the region.
Secures 3-Year Agreements with Major U.S. Food Retailer (2024/02/13)
Edible Garden AG Incorporated has entered into a significant three-year partnership with a leading U.S. food retailer to expand its product range, including potted and fresh-cut herbs, basil, and wheatgrass, alongside introducing innovative retail displays designed to enhance brand visibility and customer experience. This collaboration is expected to generate $18 to $20 million in revenue for Edible Garden. It is a crucial step in its mission to provide locally grown, organic, and sustainable produce while emphasizing the company’s commitment to sustainability and strengthening its retail presence.
Edible Receives Patent for Self-Watering Display (2024/02/08)
Edible Garden AG has been granted a U.S. patent for its innovative “Plant Display Apparatus,” a self-watering display technology that extends plant shelf life, enhances freshness, and minimizes spoilage, aligning with its Zero-Waste Inspired® mission. Following successful implementation at Meijer stores, the company plans to broaden this technology’s use across its network, marking a significant advancement in sustainable agriculture practices and controlled environment agriculture. This patent, alongside the Green Thumb Greenhouse Agriculture System, underscores Edible Garden’s commitment to innovation, sustainability, and improving the retail experience through technologies that ensure product longevity and appeal, setting new industry standards for efficiency and environmental responsibility.
Pulp Sauces Hits Woodman’s Market (2024/02/07)
Edible Garden’s expansion into Woodman’s Markets with its Pulp line of sustainable gourmet USDA Organic fermented sauces marks a significant step forward in the company’s growth and commitment to sustainability and organic production. The introduction of the Pulp sauces across all nineteen Woodman’s Markets locations in Wisconsin and Illinois has been met with enthusiastic customer feedback, emphasizing the products’ ability to enhance meals with “Bland to Bold” flavors. This strategic partnership with Woodman’s Markets leverages their large retail spaces and high traffic volumes, improving product visibility and accessibility. Edible Garden’s focus on using controlled environment agriculture for producing these sauces aligns with a rising consumer preference for environmentally responsible and organic products. With positive initial responses and a growing market demand for sustainable options, Edible Garden is optimistic about the future success and acceptance of its Pulp sauce line, reinforcing its position in the competitive food industry landscape.
Updates On Project Gigaton (2024/02/01)
Edible Garden AG Incorporated significantly contributes to Walmart’s Project Gigaton with aims to cut 1 billion metric tons of emissions by 2030, achieving substantial sustainability milestones in 2023 such as recycling 34 metric tons of materials, conserving 850 barrels of oil, avoiding 77 tons of food waste, and reducing CO2 emissions by 115,600 metric tons. Through innovative strategies like patented self-watering displays, the launch of GreenThumb 2.0 for enhanced greenhouse efficiency, and partnerships with academic and research institutions, Edible Garden advances its commitment to environmental stewardship and the exploration of sustainable food industry practices.
New Patent on Edible’s GreenThumb (2024/01/24)
Edible Garden AG Inc. has received a U.S. patent for its GreenThumb Greenhouse Agriculture System. The patented system uses sensors and a proprietary learning engine to optimize greenhouse farming processes, contributing to increased shipping and fill rates and significant sales growth. CEO Jim Kras emphasizes the patent’s role in reinforcing the company’s commitment to innovation and sustainability. The awarding of this patent is the third for the GreenThumb system, underlining Edible Garden’s commitment to continual innovation in sustainable agriculture.
Edible Garden Receives Michigan OSHA Grant (2024/01/19)
Sales Growth During the Holiday Season (2024/01/17)
Pulp Hits Target Stores in the Southeast (2024/01/12)
Partnering with Uncle Giuseppe’s Marketplace (2024/01/09)
Edible Garden’s E-Commerce Site Launch (2024/01/05)
Edible Garden AG has launched its Pulp Flavors e-commerce site, a significant move into online retail, offering a four-pack of gourmet fermented sauces with a promotional Pulp cooler bag. This strategic expansion aligns with the company’s goals to enhance brand presence and open new revenue streams, emphasizing sustainability and organic practices. The use of Zero-Waste Inspired® farming and GreenThumb 2.0 software underlines their commitment to innovative and environmentally friendly agriculture. CEO Jim Kras highlights this launch as a key step in making their sustainable products accessible nationwide and broadening their customer base.
Edible Garden’s Thanksgiving Performance (2023/11/29)
During the Thanksgiving period of 2023, Edible Garden AG Incorporated reported a remarkable 45% increase in sales compared to the previous year, indicating strong growth and performance in a crucial holiday season. CEO Jim Kras attributes this success to the company’s impressive 98.5% fulfillment rate, highlighting its efficiency and reliability in the industry. As a leader in controlled environment agriculture (CEA), Edible Garden specializes in locally grown, organic, and sustainable produce. The company’s extensive distribution network reaches over 5,000 retail locations across the U.S., including major retailers like Meijer, Walmart, Wakefern/Shoprite, Hannaford, and H Mart. This network underscores the market’s appreciation for Edible Garden’s high-quality and sustainable products. Additionally, the company’s commitment to a Zero-Waste Inspired® mission emphasizes its dedication to sustainability and reducing environmental impact.
Edible Garden Ag Inc & BRISEA Partner (2023/11/20)
Edible Garden AG and BRISEA Group Inc. have partnered to deploy a nanobubble generator demo unit at Edible Garden’s New Jersey facility, a significant step in applying advanced technologies in sustainable agriculture. The nanobubble generator will be evaluated for two years, gathering valuable data on its effects on fresh produce safety and processing methods. Edible Garden is a leader in CEA, offering locally grown, organic, and sustainable produce, while BRISEA Group specializes in advanced environmental technology. This collaboration holds the promise of transforming the landscape of green agriculture and unlocking new methods to enhance the safety and efficiency of food production.
Edible Garden’s Third Quarter Financial Results for 2023 (2023/11/14)
Edible Garden AG reported a 19.4% YoY revenue growth in Q3 2023 due to an expanded distribution network and diversified product offerings. They partnered with Woodman’s Markets, Tops Friendly Markets, and Walmart. The company expanded its product lines and implemented innovative technologies to reduce spoilage. Edible Garden reported a net loss of $2.4 million for the quarter but remains committed to achieving positive cash flow by year-end.
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Edible Garden Partners with Tops Friendly Markets (2023/10/31)
Edible partnered with Tops Friendly Markets to expand its network. The supermarket chain will feature Edible Garden’s products in its New York, Pennsylvania, and Vermont stores. Edible is a leader in sustainable produce and controlled environment agriculture. With state-of-the-art facilities in New Jersey and Michigan, the company is committed to revolutionizing sustainable technology. Their innovative safety protocols in farming, commitment to sustainable packaging, and proprietary software set them apart in the industry.
Edible Garden AG Receives USDA Grant for Organic Certification (2023/10/24)
Edible Incorporated, a pioneer in controlled environment agriculture (CEA), has received a grant from the United States Department of Agriculture Organic Certification Program. The grant aims to provide financial aid to organic producers and handlers to reduce the overall expenditure related to organic certification and processing. CEO Jim Kras expressed his gratitude for the recognition, highlighting the significance of the grant in reimbursing expenses incurred at the Edible Belvidere, New Jersey facility. The company’s commitment to sustainable agriculture and collaborations with the USDA position them as a critical player in the field of CEA.
Edible Garden’s New In-Store Herb Displays (2023/10/23)
Edible Garden AG Incorporated recently showcased its new in-store displays at the Global Produce & Floral Show. The displays are designed for cut herbs, with a capacity of up to 144 clamshell packages of popular holiday herbs such as rosemary, sage, and thyme. These displays are set to feature in all Meijer retail locations, with three compartments facilitating easy restocking using a 48-count PDQ pallet. Edible Garden sees the versatility of these displays as a conduit to expand sales volumes and position themselves as valuable partners bringing in inventive solutions to drive sales.
Edible Garden Adds New Flavors to its Vitamin Whey Product Line (2023/10/11)
Edible Garden AG has started shipping two new flavors, ‘Ice Cream Cake’ and ‘Orange Creamsicle,’ to all Meijer retail outlets. The flavors expand the Vitamin Whey product line available at Meijer. The CEO of Edible Garden, Jim Kras, expressed his enthusiasm regarding the expansion. Vitamin Whey combines multi-vitamins, high whey protein, and amino acid complex formulas to aid muscle recovery and overall health. Edible Garden is focused on reducing the ecological footprint of agriculture, and Nutracom is central to the recent product flavor expansion.
Edible Garden Expands its Pulp Sauce Line (2023/09/26)
Edible Garden AG Inc. (Nasdaq: EDBL, EDBLW) has partnered with Dierbergs Markets to introduce their Pulp sustainable gourmet sauces in 26 stores across the greater St. Louis metropolitan area and a single outlet at Missouri’s Lake of the Ozarks. Edible Garden’s CEO, Jim Kras, expressed his satisfaction over the partnership, stating that the move towards sustainable gourmet sauces exemplifies their commitment to sustainability and innovation.
Edible Garden Begins Fall Shipments from Heartland Facility (2023/09/25)
Edible Garden AG Inc. has started shipping fall ornamentals from its Edible Garden Heartland facility in Grand Rapids, Michigan. CEO Jim Kras is excited about this year’s offerings, including the fan-favorite mums and newly introduced marigolds for 2023. The plants are being sent to big-box stores across the company’s distribution spectrum. The advanced technologies integrated into the facility have significantly enhanced the efficiency of the supply chain. Edible Garden plans to enhance its ornamental business within its current distribution framework while exploring opportunities to expand its catalog to prospective clients outside its current network.
Edible Garden Partners with Woodman’s Markets (2023/09/20)
Edible Garden AG Inc. (Nasdaq: EDBL, EDBLW) will distribute its products to all 19 Woodman’s Markets locations across Wisconsin and Illinois. The partnership allows the company to expand its distribution network in the Midwest and leverage its new Heartland facility. Woodman’s Markets will feature Edible Garden’s self-watering display technology in all its locations to enhance the presentation of the produce. The large retail locations of Woodman’s with high traffic volume make them an ideal partner for Edible Garden.
Edible Garden’s Gourmet Sauces Launch in Morton Williams (2023/09/15)
Edible Garden AG Inc. announces a partnership with Morton Williams Supermarkets to feature its newly launched Pulp sustainable gourmet sauces. The move marks the company’s first significant venture into the dynamic New York City market. The product range aligns with Zero-Waste Inspired® vision and offers high-margin products boasting an extended shelf life. Edible Garden AG is a leader in controlled environment agriculture and sustainable technology landscapes. The company has products in over 4,000 stores across the US, and its pioneering efforts span safety-in-farming protocols, sustainable packaging solutions, innovative GreenThumb software, and self-watering in-store displays.
Edible Garden AG Announces Public Offering Pricing (2023/09/08)
Edible Garden AG (Nasdaq: EDBL, EDBLW) is offering 2,700,726 units, each containing a common stock share and a warrant. The units cost $1.10 and will generate gross proceeds of around $3 million. The warrants can be executed immediately and will expire five years after issuance. The underwriters have an additional option to buy 405,108 shares and warrants. The offering is expected to close on September 8, 2023. Maxim Group LLC is managing the book-running activities. For more information, including obtaining copies of the final prospectus, interested parties can contact Maxim Group LLC.
Edible Garden Receives Patent for Self-Watering Display (2023/08/22)
Edible Garden AG Inc. has been granted a patent for its Self-Watering Display, a technology that can transform how plants are presented in stores. The display system leverages controlled environment agriculture to create an ideal environment for plants, ensuring they remain hydrated and fresh for extended periods. The technology has already shown its value in reducing spoilage at retail locations. The Self-Watering Display was first introduced at Meijer locations and has paved the way for a nationwide rollout with other retail partners. Edible Garden’s focus on controlled environment agriculture, locally grown produce, and sustainable farming practices is encapsulated in its proprietary GreenThumb 2.0 patented software. The company also offers sustainable food products, highlighting its comprehensive approach to sustainable agriculture and its dedication to providing consumers with high-quality, environmentally friendly options.
Edible Garden Receives USDA Grant (2023/08/16)
Edible Garden AG Inc. received financial assistance from the USDA Organic Certification Program to reimburse expenses related to obtaining organic certification. This grant solidifies the company’s commitment to sustainable practices and offers consumers assurance that their products align with their values. Obtaining organic certification is a costly process, and this grant will help offset expenses, promoting the growth of the organic sector. Edible Garden is involved in research partnerships and is currently studying the impact of nanobubble technology on food safety and processing procedures.
Edible Garden Introduces New Division: EG Direct (2023/08/12)
Edible Garden AG Inc. has launched EG Direct, a new division that will source and supply partner products to the company’s extensive retail distribution network. With over 4,000 retail locations in its distribution network, Edible Garden has cemented its reputation as a dependable produce provider. EG Direct aims to capitalize on its robust retail relationships by introducing new revenue avenues. The company plans to integrate its cutting-edge GreenThumb 2.0 greenhouse management system into EG Direct’s operations to significantly bolster revenue and profit margins.
Edible Garden Reports Strong Growth and Expansion in Q2 2023 (2023/08/11)
Edible Garden AG Inc., a leader in controlled environment agriculture, has reported a remarkable 41.4% year-over-year revenue growth in the second quarter of 2023, showcasing its resilience and expansion in a challenging market. The company’s success is attributed to its exceptional service, high order-fill rates, and retail solid partnerships with major retailers nationwide. A strategic shift in focus has led to a significant 168% increase in gross profit, partly due to the launch of Edible Garden Heartland, which enhances production capacity and operational efficiency. The company has seen growth across various segments, including leafy greens, floral, alternative proteins, and its Pulp Flavors product line, and has expanded its distribution network, notably with Walmart. The introduction of GreenThumb 2.0, an advanced greenhouse management system, underscores its commitment to innovation and operational excellence. Financially, Edible Garden achieved a record $4.2 million in revenue in Q2 2023, significantly reducing its net loss from the previous year and positioning it for continued success in the controlled environment agriculture sector.
Unveils Greenthumb 2.0 (2023/07/20)
Edible Garden AG has launched GreenThumb 2.0, an upgraded version of its proprietary greenhouse management system. The cloud-based system provides enhanced forecasting abilities by utilizing real-time data to predict the needs of distribution partners and refine growing plans accordingly. The system also incorporates a real-time inventory system to closely monitor all raw materials, work-in-progress, and finished products, allowing for cost savings and process optimization.
Edible Garden Expands Distribution Alliance With Walmart (2023/07/21)
Edible Garden AG has expanded its distribution partnership with Walmart to offer a wider range of sustainable produce at their Northeast and East South Central locations. The expansion is a significant milestone in the company’s commitment to sustainable farming and environmental protection. Edible Garden’s participation in Walmart’s Project Gigaton and its proprietary GreenThumb 2.0 software has helped the company become a leader in controlled environment agriculture and sustainable products.
Edible Garden Promotes David Ross to VP of Sales and Marketing (2023/06/30)
David Ross has been promoted to Vice President of Sales and Marketing at Edible Garden AG Inc. Ross previously served as Director of Sales and Marketing and brings a wealth of experience from his time at Wakefern/Shoprite, Church and Dwight, and W.M. Bolthouse Farms.
Edible Garden AG Secures Grant Funding to Boost Food Safety Training (2023/06/23)
Edible Garden AG (Nasdaq: EDBL, EDBLW) has received grant funding from West Michigan Works! and the Michigan Department of Agriculture and Rural Development’s Specialty Crop Block Program. The funds will support leadership and food safety training initiatives for Michigan’s specialty crop industry, including Edible Garden’s Heartland facility in Grand Rapids. CEO Jim Kras expressed satisfaction with the grant application, stating it will strengthen the company’s ongoing commitment to food safety.
Edible Garden Extends Distribution with King Kullen & IGA Across Long Island (2023/06/02)
Edible Garden AG has expanded its distribution partnership with King Kullen and IGA across all their retail locations in Long Island. The allocated shelf space for Edible Garden’s products has been doubled in response to rising consumer demand for fresh, sustainably grown produce and herbs. The expanded distribution will be in place for the summer season of 2023 when many vacationers flock to the eastern end of Long Island.
Edible Garden AG Announces the Launch of Garden Starters in Retail Locations Across Midwest and Northeast (2023/05/18)
Edible Garden AG Inc. has launched Garden Starters, a product line of potted herbs and basil bowls that are designed for planting in home gardens. The products will be available at Meijer retail locations throughout the Midwest and Wakefern/Shoprite retail locations across the Northeast. 35% of American households grow some of their food, and Edible Garden’s sustainably produced herbs and products have become popular among consumers looking to enhance their food flavor. Garden Starters enables these consumers to buy Edible Garden potted herbs for their home gardens.
EDBL Q1 2023: Slight Revenue Decline & Strategic Shifts (2023/05/16)
Edible Garden AG Inc (Nasdaq: EDBL, EDBLW) announced its financial results for Q1 2023, ending March 31, 2023.
The Company reported a slight dip in revenue for the quarter. However, the gross profit improved, which indicates the effectiveness of its strategic redirection. The Company plans to introduce its newest facility, Edible Garden Heartland, to enhance profitability. It also anticipates reduced reliance on third-party contract growers, driving profitability through the vertical integration of its Midwest operations. The Company diversified into higher-margin products and expanded its distribution network, adding new retail partners like Whole Foods Market and Morton Williams Supermarkets.
Ships Spring Ornamentals From Michigan Facility (2023/05/03)
Edible Garden Ag Inc Launches Grand Rapids, Michigan Facility (2023/04/18)
Appoints Pamela DonAroma to Board of Directors (2023/04/11)
Reports on Sustainability Initiatives with Walmart’s Project Gigaton (2023/04/06)
Heartland Facility Obtains USDA Organic and PrimusGFS Certifications (2023/03/30)
Reports Revenue Growth But Miss On EPS (2023/03/23)
Latest Sauce Soon Available In Whole Foods (2023/03/09)
EDBL Regains Compliance (2023/02/16)
Edible Garden Ag Inc and Partners Study Nanobubble Technology (2023/02/10)
Closes $10.2M Underwritten Public Offering (2023/02/09)
EDBL Unveils a $10M Underwritten Public Offering (2023/02/03)
Perform a Reverse Stock Split (2023/01/25)
Morton Williams To Distribute Edible Garden’s Produce (2023/01/24)
Achieves Above-Industry Order Fulfillment Rates (2023/01/12)
Heartland Facility Ahead Of Schedule (2022/12/15)
Gristedes and D’Agostino Supermarkets To Distribute Edible Garden Products’ (2022/12/07)
New Retailers Now Sell Edible Garden’s Special “Poultry Mix” Potted Herbs (2022/11/17)
Acquires Pulp Flavors to Expand Presence in Sustainable Gourmet Sauces (2022/11/15)
EDBL Reports Q3 Results Showing Improved Performance (2022/11/11)
EDBL Received a De-Listing Notice (2022/10/24)
Expands Product Portfolio To Be Launched at Meijer Locations Across The Midwest (2022/10/21)
Announces Appointment of Deborah K. Pawlowski to Board of Directors (2022/10/18)
Facility to Open in Grand Rapids, MI (2022/09/01)
Increase Revenue But Incur Additional Losses (2022/08/16)
Edible Garden Ag Inc Reports Zero-Waste Inspired® ESG/Sustainability Mandate (2022/07/07)
Announces Product Distribution with Hemingways (2022/05/27)
Image provided by Edible Garden
