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

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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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State-of-the-Art Technology Allows Retailers to Display Plants in Optimal Freshness Leading to Reduced Shrink and Better Product for Consumers State-of-the-Art Technology Allows Retailers to Display Plants in Optimal Freshness Leading to Reduced Shrink and Better Product for Consumers

Edible Garden Receives Notice of Allowance for US Patent for its Self-Watering Display; Underscores AgTech Leader's Dedication to Sustainability

BELVIDERE, NJ, Aug. 16, 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 the Company's Chief Executive Officer, Jim Kras, appeared earlier today on Scripps News, national morning news show, Morning Rush .

Edible Garden Chief Executive Officer Discusses Food Supply Chain Issues in Appearance on Scripps News National Morning News Show, “Morning Rush” Earlier Today

BELVIDERE, NJ, Aug. 15, 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 the Company has received a grant from the United States Department of Agriculture Organic Certification Program administered by the Farm Service Agency.  These funds are designated to reimburse organic producers and handlers with financial assistance to reduce the cost of organic certification.

Edible Garden Receives USDA Grant for Organic Certification Costs

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Corporate 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 Second Quarter 2023 Business Update Conference Call. At this time, all participants are in a listen-only mode and a question-and-answer session will follow the formal presentation.

Edible Garden AG Incorporated (EDBL) Q2 2023 Earnings Call Transcript

Aims to Provide Trusted Source of Partner Produce to Company's Existing 4,000+ Retail Doors Expected to Positively Impact Revenue with Minimal Expected Impact on Costs GreenThumb 2.0 Patented Software to Play Pivotal Role in Managing the Process BELVIDERE, NJ, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced the launch of EG Direct, a division of Edible Garden. This new division will source and provide, partner produce to the Company's retail distribution network partners.

Edible Garden Capitalizes on Distribution Platform with Launch of EG Direct Division

Prudent Use of Capital Generates Results: Gross Profit Climbs 168% High Level of Consistent Execution Key Differentiator for the Company Reaffirms Target of Positive Quarterly Cash Flow from Operations before Year-End Conference Call to Be Held Today at 8:00 AM ET. BELVIDERE, N.J.

Edible Garden Reports Record Year-Over-Year Revenue Growth of 41.4% for Second Quarter of 2023

BELVIDERE, NJ, Aug. 03, 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 Thursday, August 10, 2023, at 8:00 AM Eastern Time to discuss financial results for the quarter ended June 30, 2023, and provide a business update.

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

Adding New SKUs to Walmart's Northeast Locations; Extending Distribution Footprint in East South Central Region of U.S. Solid Order Fill Rates and Commitment to Sustainability Driving Expanded Relationship BELVIDERE, NJ, July 20, 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 an expansion of the Company's distribution alliance with Walmart. The initiative includes providing additional SKUs in Walmart locations across the Northeast and broadening Edible Garden's reach to retail locations in the East South Central region of the United States.

Edible Garden and Walmart Strengthen Sustainability Efforts with Expanded Distribution

Enhanced Tool Provides Dynamic Forecasting and Efficient Data Integration Provides Enhanced Ability to Manage Costs BELVIDERE, NJ, July 19, 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 launch of GreenThumb 2.0, an enhanced version of the Company's proprietary, cloud-based, GreenThumb greenhouse management and demand planning system, which provides the ability to manage goods throughout the entire supply chain. Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, “I am pleased to announce the launch of GreenThumb 2.0, the next generation of our advanced, state-of-the-art, greenhouse management system.

Edible Garden Introduces GreenThumb 2.0 Patented, Proprietary Greenhouse Management Software

BELVIDERE, NJ, June 29, 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 promotion of David Ross to Vice President of Sales and Marketing. Mr. Ross previously served as Director of Sales and Marketing.

Edible Garden Promotes David Ross to Vice President of Sales and Marketing

Grants Underscore Company's Focus on Food Safety Research Builds Upon Research Partnership with the New Jersey Institute of Technology, the USDA, and the EPA and the Company's Collaborative Research Study with Auburn University's Department of Horticulture BELVIDERE, NJ, June 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 and sustainable produce and products, today announced that the Company has received funding from West Michigan Works! and the Michigan Department of Agriculture and Rural Development (“MDARD”) Specialty Crop Block Program.

Edible Garden Announces Grant Funding from West Michigan Works! and the Michigan Department of Agriculture and Rural Development's (“MDARD”) Specialty Crop Block Grant Program to Strengthen Food Safety and Leadership Training

Long Island Consumers Set to Enjoy Greater Access to the Company's Fresh, Sustainably Grown Produce Broadened Presence Presents Opportunity to Boost Third-Quarter Revenue BELVIDERE, NJ, June 01, 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 an expansion of its distribution partnership with King Kullen and IGA across all of their retail locations on Long Island, New York. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to broaden our distribution at both King Kullen and IGA retail locations across Long Island, New York, in time for the 2023 summer season.

Edible Garden Kicks-Off Summer Season- Broadens Distribution at King Kullen and IGA Locations Across Long Island, New York

Potted Herbs and Basil Bowls Available for Home Gardening Enthusiasts at All Meijer and Wakefern/Shoprite Locations Across the Midwest and Northeast

Edible Garden Rolls Out “Garden Starters” Initiative; Provides New Sales Opportunity for the Company

Gross Profit Improves as Company Shifts Strategy to Focus on Higher-Margin Partnerships and Products Increased Capacity from Edible Garden Heartland Allows Company to Become Less Dependent on Third-Party Contract Growers; Expected to Positively Impact Margins Achieves Record Revenue in April; Projects Revenue Growth in Excess of 20% in 2023 Conference Call to Be Held Today at 8:00 AM ET. BELVIDERE, N.J.

Edible Garden Reports Financial Results and Provides Business Update for the First Quarter of 2023

BELVIDERE, NJ, May 09, 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, May 15, 2023, at 8:00 AM Eastern Time to discuss financial results for the quarter ended March 31, 2023, and provide a business update.

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

BELVIDERE, NJ, May 01, 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 spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan. The lineup of spring ornamentals includes various-sized hanging baskets of petunias, geraniums, impatiens, begonias, dahlias, and other accent plants.

Edible Garden Begins Shipping Spring Ornamentals Grown in the New Edible Garden Heartland Facility in Grand Rapids, Michigan

BELVIDERE, NJ, April 18, 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 an update on ongoing initiatives the Company has taken to establish its leadership and reinforce its commitment to food safety.

Edible Garden Demonstrates Leadership Position and Commitment to Food Safety Including Food Safety Research Study Collaboration with Auburn University

BELVIDERE, NJ, April 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, sustainable produce and products, today announced the launch of Edible Garden Heartland, the Company's Zero-Waste Inspired®, multifaceted AgTech facility in Grand Rapids Michigan.

Edible Garden Announces Official Launch of Edible Garden Heartland Zero-Waste Inspired® Multifaceted AgTech Facility in Grand Rapids, Michigan

BELVIDERE, NJ, April 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, sustainable produce and products, today announced the appointment of Pamela DonAroma to the Edible Garden Board of Directors, effective April 4, 2023. Ms. DonAroma has been appointed to the Audit Committee, Compensation Committee, and Nominating and Governance Committee of the Board. Ms. DonAroma replaces Deborah Pawloski who has resigned from the Board due to other commitments.

Edible Garden Announces Appointment of Pamela DonAroma to Board of Directors

BELVIDERE, NJ, April 05, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“ Edible Garde n ” or the “Company”) (N asdaq : EDBL , EDBL W ) , a leader in controlled environment agriculture (CEA), locally grown, organic, 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 emissions in the global value chain by 1 billion metric tons (gigaton) by 2030.

Edible Garden Reports on Sustainability Initiatives Including Walmart's Project Gigaton

PrimusGFS Grants Certifications for Indoor Agriculture, Harvest Crew, and Packinghouse Safety

Edible Garden Completes Phase Two Buildout of Edible Garden Heartland - Aligns with USDA Organic Certification

Edible Garden AG, Inc. (NASDAQ:EDBL ) Q4 2022 Earnings Conference Call March 22, 2023 11:00 AM ET Company Participants Theodore Ayvas - IR James Kras - CEO, President & Chair Michael James - CFO, Treasurer, Secretary & Director Conference Call Participants Jeremy Pearlman - Maxim Group Paul Cooney - Joseph Gunnar & Co. Elon Friedman - VKC Fund Operator Greetings, and welcome to the Edible Garden Fourth Quarter and Year-End 2022 Business Update Call. [Operator Instructions].

Edible Garden AG, Inc. (EDBL) Q4 2022 Earnings Call Transcript

Achieves Third Consecutive Quarter of Year-Over-Year Revenue Growth

Edible Garden Reports 10% Revenue Growth for 2022

BELVIDERE, NJ, March 15, 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 Wednesday, March 22, 2023 - 11:00 AM Eastern Time to discuss financial results for the quarter ended December 31, 2022, and provide a business update.

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