Edible Garden Announces Pulp Sustainable Gourmet Sauces Now Available at Woodman’s Market
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Insights
The expansion of Edible Garden's product line into new markets is a strategic move that taps into the growing consumer demand for sustainable and organic food products. The introduction of the Pulp gourmet sauces into Woodman's Markets, a chain with significant presence in Wisconsin and Illinois, offers a substantial opportunity for increased brand visibility and revenue growth. It is essential to analyze the potential market size and consumer trends in these regions, which are indicative of the product's future performance. The positive initial customer feedback suggests a favorable market reception, but it will be crucial to monitor sales data and customer reviews over the coming quarters to gauge the product's long-term viability and impact on the company's financial health.
Edible Garden's announcement may have several financial implications for the company. The distribution deal with Woodman's Markets could lead to an increase in sales volume, which may positively affect the company's top-line revenue. Investors should look for upcoming earnings reports to assess the financial impact of this expansion. Additionally, the costs associated with marketing and distribution in these new locations will need to be balanced against the projected revenue from sales to determine the net impact on profitability. It will also be important to consider the competitive landscape and how Edible Garden's pricing strategy for these gourmet sauces aligns with consumer expectations and competitor pricing.
Edible Garden's focus on sustainable, USDA Organic products aligns with increasing consumer awareness and demand for environmentally friendly products. The 'Bland to Bold' sauces not only appeal to health-conscious consumers but also to those interested in sustainable agriculture practices. The company's controlled environment agriculture (CEA) approach minimizes resource use and reduces the carbon footprint associated with traditional farming. The long-term success of this product line could encourage further investment in sustainable practices within the industry, potentially setting new standards for environmental responsibility. However, it remains to be seen how scalable and cost-effective these practices are in the context of expanding product lines and entering new markets.
Expands Pulp Product Line of Sustainable, USDA Organic, 'Bland to Bold' Gourmet Sauces, to Wisconsin and Illinois
Pulp sustainable gourmet USDA Organic fermented sauces
BELVIDERE, NJ, Feb. 06, 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 Edible Garden’s new line of Pulp sustainable gourmet USDA Organic fermented sauces are now available in all nineteen Woodman’s Markets locations across Wisconsin and Illinois.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to announce that our Pulp line of sustainable gourmet USDA Organic fermented sauces is now being carried in all nineteen Woodman’s Markets locations across Wisconsin and Illinois. Initial feedback received from customers after tasting Pulp has been extremely positive and we remain confident that as more customers experience our sustainable, USDA Organic, 'Bland to Bold' gourmet sauces, they will be eager to try additional items from the product line. Woodman’s large retail locations which average 230,000 square feet, are open 24 hours a day, 7 days a week, and carry a wide variety of products, resulting in high traffic volume make them an ideal partner for Edible Garden.”
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. 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 offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Edible Garden go to https://ediblegardenag.com/
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company’s distribution growth, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “believe,” “objective,” “plans,” “seek,” 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 and the Company’s ability to achieve its growth objectives. 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
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FAQ
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