Edible Garden AG Inc

Edible Garden AG, Inc. is a controlled environment agriculture (CEA) farming company, which engages in the usage of traditional agricultural growing techniques together with technology to grow organic food. Its products include lettuces, potted herbs, and cut herbs. The company was founded by James E. Kras and Michael C. James on March 28, 2020 and is headquartered in Belvidere, NJ.

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Edible Garden AG Inc reports stellar Q2 results and eyes market expansion

Edible Garden AG Inc (EDBL) delivered impressive financial performance in Q2 2024, with substantial profit growth and margin improvement.
The company's strengths lie in its focus on sustainability, innovative partnerships, and commitment to social responsibility, positioning it well for future growth.
While facing challenges in a competitive market and operational scalability, Edible Garden can leverage market opportunities and product diversification for continued success.

Edible Garden AG Inc reports strong Q3 performance and growth opportunities

Edible Garden AG Inc's Q3 2024 performance reflected strong sales growth in cut herbs, strategic financial management, and investment in growth initiatives.
While facing challenges in revenue decline and operational adjustments, the company's strengths in partnerships, innovation, and cost management offer opportunities for future growth.
With a focus on streamlining operations, expanding product lines, and maintaining market confidence, Edible Garden AG Inc is poised for continued growth and success.

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Packhouse adds Processing and Warehousing Capabilities to Facility; Expected to Expand Company's Capacity State-of-the-Art GreenThumb Technology to be Integrated at Facility; Expected to Increase Production BELVIDERE, N.J., May 24, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that the Company has completed phase 2 of the packhouse buildout at the Edible Garden greenhouse facility in Belvidere, NJ.

Edible Garden Completes Phase Two of Packhouse Buildout at Company's Flagship Belvidere NJ Facility

BELVIDERE, NJ, May 22, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced the pricing of a public offering of an aggregate of 2,655,000 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 2,655,000 shares of common stock, and Class B warrants to purchase up to 2,655,000 shares of common stock, at a combined public offering price of $2.26 per share (or $2.25 per pre-funded warrant) and accompanying warrants. The warrants will have an exercise price of $2.26 per share, will be exercisable immediately upon issuance. The Class A warrants will expire on the fifth anniversary of the original issuance date, and the Class B warrants will expire on the eighteen-month anniversary of the original issuance date. The closing of the offering is expected to occur on or about May 23, 2024, subject to the satisfaction of customary closing conditions. Gross proceeds, before deducting placement agent fees and offering expenses, are expected to be approximately $6.0 million.

Edible Garden Announces Pricing of $6.0 Million Public Offering

Edible Garden (NASDAQ: EDBL ) stock is in the rise Wednesday alongside a strong Q1 earnings report and a potential short squeeze of its shares. Edible Garden's Q1 earnings report includes revenue of $3.1 million.

Revenue Growth and Short Squeeze Hopes Supercharge Edible Garden (EDBL) Stock

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET Company Participants Ted Ayvas - Investor Relations Jim Kras - Chief Executive Officer Kostas Dafoulas - Interim Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Good morning and welcome to the Edible Garden First Quarter 2024 Business Update Conference Call. At this time all participants are on a listen-only mode and we will open for questions following the presentation.

Edible Garden AG Incorporated (EDBL) Q1 2024 Earnings Call Transcript

Edible Garden AG Inc (NASDAQ: EDBL) nearly doubled in premarket on Wednesday after reporting a significantly year-over-year increase in its first-quarter revenue.  Edible Garden CEO on Q1 earnings The organic food company saw its revenue come in at $3.1 million in Q1 that translates to a near 28% increase versus last year.

Edible Garden stock nearly doubles on Q1 earnings report

195.8% Gross Profit Increase in Q1 2024 with Gross Margin Increasing by 171 Basis Points 95% of Edible Garden Fresh Product Line Being Produced at Company-Owned Facilities - Strategic Pivot Away from Third-Party Growers Marks a Turn Toward Higher Expected Profits Vertical Integration Expected to Pay Off - Company Plans to Boost Margins in the Coming Quarters Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J.

Edible Garden Reports Significant 27.6% Year-Over-Year Revenue Growth for First Quarter of 2024

BELVIDERE, NJ, May 08, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced today that it will host a conference call on Wednesday, May 15, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter ended March 31, 2024, and provide a business update.

Edible Garden Schedules First Quarter 2024 Financial Results and Business Update Conference Call

R&D partnership focused on next-generation fermented product development Strategy to leverage Edible Garden's credibility in produce for new product expansion BELVIDERE, NJ, May 07, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it has entered into a product development agreement (the “Agreement”) with Hermann Pickle Company LLC (“Hermann Pickles”), an industry leading company in the region that specializes in refrigerated kosher dill pickles, sauerkraut and fermented food products based in Garrettsville, Ohio. Under the Agreement, the parties intend to collaborate on the research and development of scalable commercial opportunities and initiatives to leverage the strengths, and expertise of both parties in the production, marketing, and distribution of fermented plant-based products and non-GMO consumer packaged foods such as fermented sauces, pickles, and sauerkraut products with Hermann Pickles manufacturing expertise and through the Edible Garden distribution platform.

Edible Garden Announces Product Development Agreement with Hermann Pickle Company

Potted Herbs and Basil Bowls Available for Home Gardening Enthusiasts Sustainably driven Edible Garden Heartland facility in Grand Rapids, Michigan to manage the entire production, packaging, and distribution process Strategic use of backhauls and leveraging Edible Garden Heartland can significantly reduce CO2 emissions BELVIDERE, NJ, April 29, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that shipping of Garden Starters, a featured display for the Company's potted herbs and basil bowls that can be planted in a consumer's home garden, has begun to retail locations across the Midwest, beginning with Meijer. Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are excited to begin shipping our ‘Garden Starters,' beginning with all Meijer stores across the Midwest, which is perfectly timed with the spring planting season.

Edible Garden Begins Shipping ‘Garden Starters' in Time for Spring Planting Season

Entrepreneur Of The Year celebrates ambitious entrepreneurs who are shaping the future Entrepreneur Of The Year celebrates ambitious entrepreneurs who are shaping the future

EY Announces Jim Kras, CEO of Edible Garden AG Incorporated as an Entrepreneur Of The Year® 2024 New Jersey Award Finalist

BELVIDERE, NJ, April 22, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it received notice from Nasdaq on April 19, 2024 indicating that the Company had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2).

Edible Garden Regains Compliance with Nasdaq Bid Price Requirement

Edible Garden (NASDAQ: EDBL ) stock is rocketing higher on Wednesday after the company announced preliminary results for the first quarter of 2024. According to Edible Garden, its produce revenues for the quarter have jumped 40% year-over-year.

Why Is Edible Garden (EDBL) Stock Up 91% Today?

Making Pulp's ‘Bland to Bold' products available to consumers across North America Making Pulp's ‘Bland to Bold' products available to consumers across North America

Edible Garden Announces Pulp Sustainable Line of Products Now Available Through UNFI Distributors

Higher Margin Ornamental and Floral Shipments Expected to Positively Impact Company's Overall Margins Higher Margin Ornamental and Floral Shipments Expected to Positively Impact Company's Overall Margins

Edible Garden Begins Shipping Spring Ornamentals and Florals For Sale at Major Big Box Retailers

Shifts contract-grower production in-house; now shipping to major Midwest retailers Shifts contract-grower production in-house; now shipping to major Midwest retailers

Edible Garden Transitions Business to Edible Garden Heartland on Schedule; Increased Efficiency and Owned Facility Expected to Positively Impact Margins

BELVIDERE, NJ, April 02, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today announced a planned reverse stock split of its shares of common stock at a ratio of 1-for-20. The reverse stock split will take effect as of 12:01 a.m. ET, on Friday, April 5, 2024, and shares of Edible Garden will trade on a post-split basis on Nasdaq under the existing trading symbol, “EDBL,” at the market open on April 5, 2024.

Edible Garden Announces Reverse Stock Split of the Company's Common Stock

Edible Garden AG Incorporated (EDBL) Q4 2023 Earnings Call Transcript

32.8% Year-Over-Year Revenue Growth for Fourth Quarter of 2023 Gross Profit Increases 125.8% in 2023 with Gross Margin Increasing by 270 Basis Points Edible Garden Secures Two New Patents in 2024 Highlighting Company's Innovation Leadership Position in AgTech; Driving Efficiency and Expected Profitability Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J.

Edible Garden Reports 21.6% Year-over-Year Revenue Growth for 2023

BELVIDERE, NJ, March 25, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced today that it will host a conference call on Monday April 1, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter and year ended December 31, 2023, and provide a business update.

Edible Garden Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call

Premier Distributor of Natural & Organic, Specialty, and Fresh Products Opens Door to More Than 31,000 Retail Locations for Pulp Premier Distributor of Natural & Organic, Specialty, and Fresh Products Opens Door to More Than 31,000 Retail Locations for Pulp

Edible Garden Announces Pulp Sustainable Gourmet Sauces Now Available Through KeHE Distributors, LLC

Available at Target, Whole Foods, Morton Williams, Dierbergs Markets, and Woodman's Market Recently Launched PulpFlavors.com E-Commerce Site to Make Pulp Accessible to Customers Across the Country BELVIDERE, NJ, March 07, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced that the Company will showcase its new line of Pulp sustainable gourmet sauces and chili-based products at the National Products EXPO WEST® 2024, booth #5274 in Anaheim, California from Thursday, March 14th  to Saturday, March 16th. Pulp Sustainable Gourmet Sauces and Chili-Based Products National Products EXPO WEST® 2024 is produced by New Hope Network and co-located by Fresh Ideas Organic Marketplace.

Edible Garden to Showcase Pulp Sustainable Line of Gourmet Sauces and Chili-Based Products Including Additional New Products at Natural Products EXPO WEST® 2024 in Anaheim, California, March 14th-16th

BELVIDERE, NJ, March 05, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today announced that Chanida Curnutt has been appointed Senior Vice President of Business Development and Compliance.

Edible Garden Announces Appointment of Chanida Curnutt as Senior Vice President of Business Development and Compliance

‘Going PRO Grant' Aimed at Training, Developing, and Retaining Current and Newly Hired Employees in Key Areas Such as Supply Chain Management, Transportation and Logistics ‘Going PRO Grant' Aimed at Training, Developing, and Retaining Current and Newly Hired Employees in Key Areas Such as Supply Chain Management, Transportation and Logistics

Edible Garden Announces New Grant Funding from Michigan Department of Labor and Economic Opportunity - Workforce Development Through West Michigan Works!

BELVIDERE, NJ, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable Produce and products, today announced that Scott Prendergast, Chief Data Officer at the Company will be participating in the inaugural New Jersey Controlled Environment Agriculture Virtual Executive Roundtable taking place on February 15, 2024.

Edible Garden to Participate in the Inaugural New Jersey Controlled Environment Agriculture (CEA) Executive Roundtable Hosted by the New Jersey Economic Development Agency (NJEDA)

BELVIDERE, NJ, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that the Company has signed 3-year agreements with a major U.S. food retailer to service, develop and expand the retailer's current Edible Garden product assortment. Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, “We are excited to expand our relationship with this retailer, which will allow us to broaden the product range within their retail store locations.

Edible Garden Signs 3-Year Expanded Distribution Agreements with Major U.S. Food Retailer; Expected to Generate $18 - $20 Million of Revenue Over the 3-Year Term

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