Edible Garden Continues to Lead Sustainable Agriculture with Strong 2024 Results in Walmart’s Project Gigaton

Rhea-AI Summary

Edible Garden (Nasdaq: EDBL) has reported significant achievements in Walmart's Project Gigaton for 2024, demonstrating its commitment to sustainable agriculture. The company's impact includes a 28,870 gallon reduction in diesel fuel demand, 11,803 metric tons of virgin plastic materials avoided, 687 barrels of oil conserved, 103 tons of food waste avoided through donation, and 34 metric tons of mixed recyclables recycled.

The company has earned the 'Giga Guru' distinction for its contributions to Walmart's initiative, which aims to reduce global supply chain emissions by one billion metric tons by 2030. Edible Garden continues to implement innovative solutions, including their patented Greenthumb™ technology, custom-designed Basil Station, bio-based packaging, and self-watering displays, while maintaining their Zero-Waste Inspired® mission.

Positive

• Significant environmental impact metrics achieved in Project Gigaton
• Earned 'Giga Guru' distinction from Walmart
• Implementation of innovative solutions (Greenthumb™ technology, Basil Station)
• Strategic partnership with major retailer Walmart

Negative

• None.

Insights

Sustainability and Agriculture Expert

The 2024 Project Gigaton results reveal Edible Garden's strategic positioning in the rapidly growing sustainable agriculture market. The company's achievements - including an 11,803 metric ton reduction in virgin plastic materials and 28,870 gallon decrease in diesel fuel demand - translate into substantial cost savings and operational efficiencies that directly impact the bottom line.

The Giga Guru status from Walmart carries significant business implications beyond environmental benefits. This recognition typically leads to preferred supplier status and enhanced shelf placement, potentially driving higher sales volumes and improved margins. The company's innovative approaches, such as the custom-designed Basil Station and bio-based packaging, demonstrate a sophisticated understanding of retail partner needs while addressing sustainability goals.

The integration of advanced technologies like nanobubble technology and the patented Greenthumb™ system positions EDBL at the forefront of controlled environment agriculture (CEA). These innovations serve dual purposes:

• Operational efficiency improvements that reduce costs
• Enhanced product quality and shelf life that minimize waste
• Strengthened relationships with major retailers through custom solutions

The company's focus on food safety and research collaborations with leading institutions suggests a long-term strategy to build sustainable competitive advantages in the CEA sector. This approach is particularly relevant as major retailers increasingly prioritize suppliers with strong environmental credentials and proven sustainability metrics.

Advanced Technologies and Strategic Partnerships Accelerate Sustainable Agriculture Efforts

Zero-Waste Inspired® Mission Continues to Drive Innovation in Controlled Environment Agriculture

BELVIDERE, NJ, Jan. 30, 2025 (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 shared the latest advancements in its sustainability efforts, highlighting its ongoing role in Walmart’s Project Gigaton—an ambitious initiative aimed at cutting 1 billion metric tons of emissions from the global supply chain by 2030.

Edible Garden’s 2024 Project Gigaton impact has included:

• 28,870 gallon reduction in diesel fuel demand 
• 11,803 metric tons of virgin plastic materials avoided
• 687 barrels of oil conserved
• 103 tons of food waste avoided through donation
• 34 metric tons of mixed recyclables recycled

Edible Garden’s 2024 Project Gigaton Impact

Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are honored to be part of Project Gigaton, a transformative initiative dedicated to cutting one billion metric tons of emissions from the global supply chain by 2030. Our unwavering commitment to sustainability in the Controlled Environment Agriculture sector has not only driven measurable impact but also earned us the distinction of ‘Giga Guru’—a recognition we take immense pride in. We remain steadfast in our mission to innovate and lead the industry toward a more sustainable future.”

"Edible Garden’s strong momentum from 2023 has continued into 2024, with measurable improvements across nearly every category assessed. Our commitment to sustainability and operational efficiency has yielded significant progress, further strengthening our impact in reducing emissions and optimizing resource use. Through our Zero-Waste Inspired® mission, we remain focused on benefiting both our retail partners and their customers by minimizing waste and enhancing supply chain productivity. Leveraging innovative solutions like our patented Greenthumb™ technology, we continue to drive meaningful environmental change. Being part of Walmart’s Project Gigaton aligns perfectly with our sustainability vision, and we are proud to contribute to such an impactful initiative."

"At Edible Garden, we remain deeply committed to advancing food safety, nanobubble technology, and sustainable growing practices through strategic research collaborations with leading institutions. By integrating innovative solutions—such as our custom-designed Basil Station, which seamlessly fits within Walmart’s existing planograms—alongside previously introduced initiatives like bio-based packaging, self-watering displays, and optimized logistics, we continue to set new benchmarks for environmentally responsible agriculture. Our goal is to empower both our retail partners and consumers to make more sustainable choices that positively impact the planet."

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/.

Forward-Looking Statements

This press release contains forward-looking statements, including with respect to the Company’s overall profitability, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “aim,” “believe,” “look forward,” “objective,” “plan,” “will,” “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

Attachment

• Edible Garden’s 2024 Project Gigaton Impact

FAQ

What are Edible Garden's (EDBL) key sustainability achievements in Walmart's Project Gigaton for 2024?

In 2024, EDBL achieved 28,870 gallons in diesel fuel reduction, 11,803 metric tons of virgin plastic avoided, 687 barrels of oil conserved, 103 tons of food waste prevented through donation, and 34 metric tons of mixed recyclables recycled.

How much plastic waste did Edible Garden (EDBL) prevent in 2024 through Project Gigaton?

Edible Garden prevented 11,803 metric tons of virgin plastic materials from being used in 2024 through their participation in Walmart's Project Gigaton.

What recognition did EDBL receive from Walmart's Project Gigaton in 2024?

Edible Garden received the 'Giga Guru' distinction for their contributions to Walmart's Project Gigaton initiative.

What technologies is Edible Garden (EDBL) implementing for sustainable agriculture in 2024?

EDBL is implementing their patented Greenthumb™ technology, custom-designed Basil Station, bio-based packaging, and self-watering displays to advance sustainable agriculture.