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

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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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Consistent with Company's Zero-Waste Inspired® Mission, Self-Watering In-Store Displays Reduce Waste and Offer Superior Products to Consumers Consistent with Company's Zero-Waste Inspired® Mission, Self-Watering In-Store Displays Reduce Waste and Offer Superior Products to Consumers

Edible Garden Receives US Patent No. D1, 010,365 S for Self-Watering In-Store Display

Expands Pulp Product Line of Sustainable, USDA Organic, 'Bland to Bold' Gourmet Sauces, to Wisconsin and Illinois Expands Pulp Product Line of Sustainable, USDA Organic, 'Bland to Bold' Gourmet Sauces, to Wisconsin and Illinois

Edible Garden Announces Pulp Sustainable Gourmet Sauces Now Available at Woodman's Market

Leading the Controlled Environment Agriculture Space with Sustainable Solutions Company's Zero-Waste Inspired® Mission Targets Waste Reduction and Enhanced Supply Chain Productivity BELVIDERE, NJ, Jan. 31, 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 provided an update on its sustainability initiatives, including the Company's participation in Walmart's Project Gigaton - an initiative to remove 1 billion metric tons (gigatons) of emissions in the global value chain by 2030. Edible Garden's 2023 Project Gigaton impact has included: 34 metric tons of materials recycled 850 barrels of oil conserved 77 tons of food waste avoided through donation 10,200 gallons of gasoline saved 67 metric tons of virgin corrugate materials avoided Edible Garden's 2023 Project Gigaton Impact Mr.

Edible Garden Provides Update on Sustainability Initiatives Including Walmart's Project Gigaton

Marks Third Patent on Proprietary GreenThumb Web-Based Greenhouse Management and Demand Planning System Marks Third Patent on Proprietary GreenThumb Web-Based Greenhouse Management and Demand Planning System

Edible Garden Receives US Patent No. 11,830,088 B2 for GreenThumb Greenhouse Agriculture System

Grant provides for purchase of safety and health-related equipment and training at the Edible Garden Heartland Facility in Grand Rapids, Michigan Grant provides for purchase of safety and health-related equipment and training at the Edible Garden Heartland Facility in Grand Rapids, Michigan

Edible Garden Receives OSHA Grant from the Michigan Occupational Safety and Health Administration

Achieves High Fulfillment Rates of 98% Commitment to Zero-Waste Inspired® Mission Fuels Growth BELVIDERE, New Jersey, Jan. 16, 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 experienced a more than 50% year-over-year increase in preliminary Produce sales results for the key holiday time period.1 Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are extremely proud of Edible Garden's performance this holiday season, marked by an outstanding year-over-year increase in Produce sales of more than 50%.

Edible Garden Achieves Over 50% Year-Over-Year Increase in Preliminary Produce Sales Results During Key Holiday Time Period

Pulp Sustainable Gourmet USDA Organic Fermented Sauces BELVIDERE, NJ, Jan. 11, 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 Target will begin carrying Edible Garden's new line of Pulp sustainable gourmet USDA Organic fermented sauces in all of their retail locations across the southeast.  Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are pleased that Pulp Sustainable Gourmet Sauces are now available at Target retail locations across the southeastern United States.

Edible Garden Announces Pulp Sustainable Gourmet Sauces Now Available at Target Retail Locations

Uncle Giuseppe's Marketplace to Carry Company's Products in all of their Retail Locations Across New York and New Jersey Uncle Giuseppe's Marketplace to Carry Company's Products in all of their Retail Locations Across New York and New Jersey

Edible Garden Available at Uncle Giuseppe's Marketplace; Expands Company's Distribution Network

Platform to enhance consumer reach for Pulp product line; Consumers nationwide can directly buy our sustainable sauces and turn their meals from ‘Bland to Bold' Platform to enhance consumer reach for Pulp product line; Consumers nationwide can directly buy our sustainable sauces and turn their meals from ‘Bland to Bold'

Edible Garden Launches PulpFlavors.com E-Commerce Site

Company Will Exhibit Pulp Product Line of Sustainable Gourmet, USDA Organic, Fermented Sauces and Chili-Based Products Company Will Exhibit Pulp Product Line of Sustainable Gourmet, USDA Organic, Fermented Sauces and Chili-Based Products

Edible Garden to Showcase USDA Organic Produce and Sustainable Initiatives at 2023 New York Produce Show and Conference on December 6th

Record Sales Driven by High Fulfillment Rate; Reflects Company's Unwavering Commitment to Reliability and Efficiency

Edible Garden Posts Over 45% Year-Over-Year Increase in Preliminary Sales Results During Key Thanksgiving Time Period

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q3 2023 Results Conference Call November 13, 2023 8:00 AM ET Company Participants Ted Ayvas - Investor Relations Jim Kras - Chief Executive Officer Mike James - Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Greetings, and welcome to the Edible Garden Third Quarter 2023 Business Update Conference Call. [Operator Instructions] Please note, this conference is being recorded.

Edible Garden AG Incorporated (EDBL) Q3 2023 Earnings Call Transcript

BELVIDERE, NJ, Nov. 17, 2023 (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 partnership with high-tech firm BRISEA Group Inc, to deploy BRISEA's nanobubble generator demo unit at the Company's Belvidere, New Jersey facility.

Edible Garden Deploys Grant Funded Technology from BRISEA; Recently Funded New Grant Received from NJ Economic Development Authority

Continues expansion of retail distribution network across the U.S. Pulp Line of Fermented Gourmet Sauces Expands to  New York and St. Louis Markets with ‘Bland to Bold' Flavors   Self-Watering Display Promises to Revolutionize In-Store Plant Presentation Enhancing Infrastructure and Refining Data Analytics Aimed at Boosting Profit Margins Conference Call to Be Held Today at 8:00 AM ET BELVIDERE, N.J., Nov. 13, 2023 (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 provided a business update and reported financial results for the three months ended September 30, 2023.

Edible Garden Reports 19.4% Year-Over-Year Revenue Growth for Third Quarter of 2023

BELVIDERE, NJ, Nov. 06, 2023 (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, November 13, 2023, at 8:00 AM Eastern Time to discuss financial results for the quarter ended September 30, 2023, and provide a business update.

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

BELVIDERE, NJ, Oct. 30, 2023 (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 Tops Friendly Markets, a subsidiary of Northeast Grocery, will begin carrying Edible Garden's products in all of their locations across New York, Pennsylvania and Vermont.

Edible Garden Available at Tops Friendly Markets; Expands Company's Distribution Network in New York, Pennsylvania, and Vermont

Company's Zero-Waste Inspired® mission aligns with USDA objectives Company's Zero-Waste Inspired® mission aligns with USDA objectives

Edible Garden Receives USDA Grant for Organic Certification Costs for its Belvidere, New Jersey Facility

Attractive and replenishable displays, featuring rosemary, sage, and thyme, to launch in advance of 2023 holiday season starting at all Meijer retail locations Attractive and replenishable displays, featuring rosemary, sage, and thyme, to launch in advance of 2023 holiday season starting at all Meijer retail locations

Edible Garden Capitalizes on Industry Leadership Position by Unveiling Innovative In-Store Displays at the Global Produce and Floral Show; Opportunity to Drive Incremental Revenue

Showcasing Diverse Product Range: From Locally Grown Fresh Produce to Pulp Sustainable, Gourmet, USDA Organic, Fermented Sauces and Chili-Based Products Showcasing Diverse Product Range: From Locally Grown Fresh Produce to Pulp Sustainable, Gourmet, USDA Organic, Fermented Sauces and Chili-Based Products

Edible Garden to Showcase Innovative Product Lines and Zero-Waste Inspired® Mission at the 2023 Global Produce & Floral Show in Anaheim, California, October 19th – 21st

Meijer to add ‘Ice Cream Cake' and ‘Orange Creamsicle' flavors to their existing Vitamin Whey product assortment Company plans to roll out full assortment of Vitamin Whey nationwide in the near future Continues to explore innovative flavors through partnership with Nutracom Vitamin Whey's New ‘Ice Cream Cake' and ‘Orange Creamsicle' flavors BELVIDERE, NJ, Oct. 10, 2023 (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 commenced shipping two new flavor profiles of Vitamin Whey to all Meijer retail locations. The new flavors, ‘Ice Cream Cake' and ‘Orange Creamsicle,' are additions to the Vitamin Whey product line that Meijer has been carrying.

Edible Garden Announces Distribution of New Vitamin Whey Flavor Profiles Across All Meijer Locations

Gourmet, USDA Organic fermented sauces, to be carried in all St. Louis metropolitan area Dierbergs locations extending Edible Garden's Midwest presence

Edible Garden Announces Distribution with Dierbergs Markets for Pulp Sustainable Gourmet Sauces

BELVIDERE, NJ, Sept. 22, 2023 (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 it has begun shipping fall ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.

Edible Garden Rolls Out Fall Floral and Ornamental Shipments from Its New Edible Garden Heartland Facility in Grand Rapids, Michigan

Launch at Woodman's Markets Features Edible Garden's Patented, Self-Watering Display Chain-Wide Launch at Woodman's Markets Features Edible Garden's Patented, Self-Watering Display Chain-Wide

Edible Garden Launches New Distribution with Sustainability Focus at Woodman's Market

Advances strategy to expand into higher-margin products with longer shelf life Advances strategy to expand into higher-margin products with longer shelf life

Edible Garden Announces Distribution of Pulp Sustainable Gourmet Sauces Across All Morton Williams Supermarkets

BELVIDERE, NJ, Sept. 07, 2023 (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 its underwritten public offering of 2,700,726 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. Each unit is being sold at a public offering price of $1.10 per unit. The warrants in the units will be immediately exercisable at a price of $1.10 per share and will expire five years from the date of issuance. The shares of common stock and accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $3.0 million.

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