Edible Garden and Walmart Strengthen Sustainability Efforts with Introduction of Sustainably Grown Hydro Basil
Edible Garden AG Incorporated (Nasdaq: EDBL) has expanded its partnership with Walmart, introducing sustainably grown Hydro Basil to select Walmart Distribution Centers. The company has developed a custom-designed Basil Station display that integrates seamlessly into Walmart's produce sections without disrupting existing planograms.
Edible Garden actively supports Walmart's Project Gigaton, an initiative to reduce greenhouse gas emissions across the global value chain. The company has been recognized as a 'Giga Guru' for its dedication to its Zero-Waste Inspired® mission and leadership in Controlled Environment Agriculture (CEA).
The partnership expansion aligns with increasing demand for organic and sustainably grown products. Edible Garden's commitment to delivering fresh, flavorful, and environmentally friendly products positions it well in the growing market for healthier, eco-conscious food alternatives. The company's consistently high order fulfillment rates have reinforced its relationships with retail partners, potentially impacting revenue growth in 2024 and beyond.
Edible Garden AG Incorporated (Nasdaq: EDBL) ha ampliato la sua partnership con Walmart, introducendo Hydro Basil coltivato in modo sostenibile in alcuni Centri di Distribuzione Walmart. L'azienda ha sviluppato un display Basil Station progettato su misura che si integra perfettamente nelle sezioni ortofrutticole di Walmart senza interrompere i planogrammi esistenti.
Edible Garden supporta attivamente il Progetto Gigaton di Walmart, un'iniziativa per ridurre le emissioni di gas serra lungo l'intera catena del valore globale. L'azienda è stata riconosciuta come 'Giga Guru' per la sua dedizione alla missione Zero-Waste Inspired® e per la leadership nell'Agricoltura in Ambiente Controllato (CEA).
L'espansione della partnership si allinea con la crescente domanda di prodotti biologici e coltivati in modo sostenibile. L'impegno di Edible Garden nel fornire prodotti freschi, saporiti ed ecologici la posiziona bene nel mercato in crescita delle alternative alimentari più sane e consapevoli dal punto di vista ambientale. I tassi di evasione ordini costantemente elevati dell'azienda hanno rafforzato le relazioni con i partner commerciali, potenzialmente influenzando la crescita dei ricavi nel 2024 e oltre.
Edible Garden AG Incorporated (Nasdaq: EDBL) ha ampliado su asociación con Walmart, introduciendo Hydro Basil cultivada de manera sostenible en selectos Centros de Distribución Walmart. La empresa ha desarrollado una pantalla Basil Station diseñada a medida que se integra sin problemas en las secciones de productos de Walmart, sin interrumpir los planogramas existentes.
Edible Garden apoya activamente el Proyecto Gigaton de Walmart, una iniciativa para reducir las emisiones de gases de efecto invernadero a lo largo de la cadena de valor global. La empresa ha sido reconocida como 'Giga Guru' por su dedicación a su misión Zero-Waste Inspired® y su liderazgo en Agricultura en Ambiente Controlado (CEA).
La expansión de la asociación está alineada con la creciente demanda de productos orgánicos y cultivados de manera sostenible. El compromiso de Edible Garden de ofrecer productos frescos, sabrosos y ecológicos la posiciona bien en el mercado en crecimiento de alternativas alimentarias más saludables y conscientes del medio ambiente. Las consistentemente altas tasas de cumplimiento de pedidos de la compañía han reforzado sus relaciones con socios minoristas, impactando potencialmente el crecimiento de ingresos en 2024 y más allá.
Edible Garden AG Incorporated (Nasdaq: EDBL)는 Walmart와의 파트너십을 확대하여 선택된 Walmart 유통센터에 지속 가능하게 재배된 Hydro Basil을 도입했습니다. 이 회사는 기존 플래너그램을 방해하지 않으면서 Walmart의 농산물 섹션에 매끄럽게 통합되는 맞춤형 Basil Station 디스플레이를 개발했습니다.
Edible Garden은 Walmart의 Project Gigaton, 즉 글로벌 가치 사슬 전반에 걸쳐 온실가스 배출을 줄이기 위한 이니셔티브를 적극 지원합니다. 이 회사는 Zero-Waste Inspired® 사명에 대한 헌신과 통제된 환경 농업(CEA)에서의 리더십 덕분에 'Giga Guru'로 인정받았습니다.
파트너십 확대는 유기농 및 지속 가능하게 재배된 제품에 대한 증가하는 수요와 일치합니다. Edible Garden의 신선하고 맛있으며 환경 친화적인 제품을 제공하겠다는 의지는 건강하고 친환경적인 식품 대체물에 대한 증가하는 시장에 잘 맞춰져 있습니다. 이 회사의 지속적으로 높은 주문 이행률은 소매 파트너와의 관계를 강화시켜 2024년 이후 수익 성장에 잠재적으로 영향을 미칠 수 있습니다.
Edible Garden AG Incorporated (Nasdaq: EDBL) a élargi son partenariat avec Walmart, en introduisant Hydro Basil cultivé de manière durable dans certains centres de distribution Walmart. L'entreprise a développé un affichage Basil Station sur mesure qui s'intègre parfaitement dans les sections de produits frais de Walmart sans perturber les planogrammes existants.
Edible Garden soutient activement le Project Gigaton de Walmart, une initiative visant à réduire les émissions de gaz à effet de serre tout au long de la chaîne de valeur mondiale. L'entreprise a été reconnue comme un 'Giga Guru' pour son dévouement à sa mission Zero-Waste Inspired® et son leadership en Agriculture en Environnement Contrôlé (CEA).
L'extension du partenariat s'aligne avec la demande croissante de produits biologiques et cultivés de manière durable. L'engagement d'Edible Garden à fournir des produits frais, savoureux et respectueux de l'environnement la positionne favorablement sur le marché en pleine croissance des alternatives alimentaires plus saines et écoresponsables. Les taux de fulfillment de commandes constamment élevés de l'entreprise ont renforcé ses relations avec ses partenaires de détail, pouvant potentiellement impacter la croissance des revenus en 2024 et au-delà.
Edible Garden AG Incorporated (Nasdaq: EDBL) hat seine Partnerschaft mit Walmart erweitert und bringt nachhaltig angebaute Hydro Basil in ausgewählte Walmart-Vertriebszentren ein. Das Unternehmen hat ein maßgeschneidertes Basil Station Display entwickelt, das sich nahtlos in die Obst- und Gemüseabteilungen von Walmart integriert, ohne bestehende Planogramme zu stören.
Edible Garden unterstützt aktiv das Project Gigaton von Walmart, eine Initiative zur Reduzierung der Treibhausgasemissionen entlang der globalen Wertschöpfungskette. Das Unternehmen wurde als 'Giga Guru' für sein Engagement für seine Zero-Waste Inspired®-Mission und seine Führungsrolle in der kontrollierten Umweltlandwirtschaft (CEA) anerkannt.
Die Erweiterung der Partnerschaft entspricht der steigenden Nachfrage nach biologischen und nachhaltig produzierten Produkten. Edible Gardens Engagement, frische, schmackhafte und umweltschonende Produkte anzubieten, positioniert das Unternehmen gut im wachsenden Markt für gesündere, umweltbewusste Lebensmittelalternativen. Die konstant hohen Auftragsabwicklungsraten des Unternehmens haben die Beziehungen zu den Einzelhandelspartnern gestärkt, was potenziell das Umsatzwachstum in 2024 und darüber hinaus beeinflussen könnte.
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Innovative, custom display highlights Edible Garden’s commitment to retail partnerships; integrates seamlessly without disrupting existing planograms
BELVIDERE, NJ, Oct. 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, sustainable produce and products, today announced the expansion of its distribution partnership with Walmart, which now includes the introduction of sustainably grown Hydro Basil. To support this addition, Edible Garden has developed a custom-designed Basil Station display that integrates seamlessly into Walmart’s produce sections without disrupting existing planograms.
“We are excited to deepen our partnership with Walmart by introducing our sustainably grown Hydro Basil to select Walmart Distribution Centers (DCs) with opportunities for further distribution across additional DCs and U.S. locations in 2025,” commented Jim Kras, CEO of Edible Garden. “Our Basil Station display is designed to fit efficiently within Walmart's existing planograms, highlights our commitment to innovation and our ability to meet the evolving needs of our retail partners. This collaboration reinforces our shared goal of enhancing the customer experience with fresh, sustainable produce. Walmart, the world's largest fresh produce retailer, has been a key partner for Edible Garden, and our relationship extends beyond simply supplying produce. We are proud to actively support Walmart's Project Gigaton—a groundbreaking initiative launched in 2017 to engage suppliers, NGOs, and other stakeholders in reducing or preventing one billion metric tons of greenhouse gas emissions across the global value chain by 2030. Edible Garden has also been recognized as a Project Gigaton 'Giga Guru,' a distinction that highlights our unwavering dedication to our Zero-Waste Inspired® mission and our leadership in the Controlled Environment Agriculture (CEA) sector."
“As demand for organic and sustainably grown products continues to rise, Edible Garden is committed to providing products that meet the expectations of both our retail partners and today’s health-conscious consumers. With a reputation for delivering fresh, flavorful, and environmentally friendly products, Edible Garden is well-positioned to thrive in the growing market for healthier, eco-conscious food alternatives. This expansion of our partnership with Walmart marks another significant step forward for Edible Garden in its mission to make sustainably grown, high-quality produce more accessible to consumers nationwide.”
“Edible Garden has consistently maintained order fulfillment rates ("fill rate") with our retail and distribution partners that surpass industry standards, reinforcing the strength of our existing retail relationships. Achieving this level of performance, even amidst unprecedented supply chain disruptions, highlights the exceptional service and operational excellence Edible Garden delivers to its customers. By continually exceeding the expectations of our partners, we have built trust with key retailers like Walmart, positioning ourselves as a reliable supplier of choice of sustainably grown produce. This trust opens the door to further expansion of our distribution partnerships, which we believe will positively impact our revenue growth in 2024 and beyond.”
ABOUT EDIBLE GARDEN®
Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired® next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. In addition, the Company’s Kick Sports Nutrition line features premium performance products that cater to today’s health-conscious athletes. Furthermore, Edible Garden offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Pulp products go to https://www.pulpflavors.com/. For more information on Vitamin Whey® products go to https://vitaminwhey.com/. For more information on Edible Garden go to https://ediblegardenag.com/. A copy of the Company’s latest corporate video is also available here.
Forward Looking Statements
This press release contains forward-looking statements, including with respect to the Company’s growth strategies, the Company’s ability to improve its financial results, and performance as a public company. The words “believe,” “design,” “expect,” “intend,” “objective,” “seek,” “strategy,” “will,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions, the Company’s ability to achieve its growth objectives, and other factors set forth in the Company’s filings with the Securities and Exchange Act Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2023 and subsequent quarterly reports. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
FAQ
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