Edible Garden Ag Recent News:
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Partners with Hermann Pickle Company to Innovate in Fermented Foods Market (2024/05/08)
Edible Garden AG Incorporated has announced a product development agreement with Hermann Pickle Company LLC. Together, they aim to explore commercial opportunities in the production, marketing, and distribution of fermented plant-based products. The partnership will focus on expanding their product offerings into new areas such as fermented sauces, pickles, and sauerkraut. This collaboration is in response to the rising consumer interest in healthier and sustainable eating options, particularly those that support gut health and overall well-being. The global pickle market, valued at $12.7 billion in 2022, is expected to grow to $22.36 billion by 2032, driven by increasing consumer preferences for fermented and health-supporting foods.
Launches “Garden Starters” Program Across Midwest Retail Locations (2024/04/30)
Edible Garden AG has launched its “Garden Starters” product line, offering potted herbs and basil bowls for home gardening. The products are now available at Meijer stores across the Midwest. The new line is part of the company’s strategy to provide customers with sustainable options for fresh herbs. Edible Garden handles the entire process of production, packaging, and distribution from its Grand Rapids facility. The company plans to expand the product line to other retail partners across the US.
Regains NASDAQ Compliance, Eyes Future Growth (2024/04/23)
Edible Garden AG (Nasdaq: EDBL, EDBLW) is now compliant with NASDAQ’s minimum bid price requirement, ensuring its continued presence on the NASDAQ stock exchange. CEO Jim Kras expressed satisfaction with the company’s progress and emphasized the strategic significance of the NASDAQ listing. Edible Garden is optimistic about future growth through expanding retail network, diverse product line, and strict cost management.
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.
Image provided by Edible Garden
