Edible Garden Drives Distribution of USDA Organic Herbs at Additional Key Food, City Supermarket and Lincoln Market Locations in NY Metropolitan Area
Edible Garden (Nasdaq: EDBL) has expanded its USDA Organic herb distribution to additional Key Food, City Supermarket, and Lincoln Market locations across the New York Metropolitan Area. The expansion includes more than a dozen locally grown organic herbs, such as basil, cilantro, and parsley.
The company reported significant growth in its core business, with cut herb sales increasing by 55% in the first nine months of 2024 compared to the same period in 2023. This expansion aligns with Edible Garden's mission as 'The Flavor Maker' to deliver fresh, flavorful herbs while maintaining commitment to quality and sustainable farming practices.
Edible Garden (Nasdaq: EDBL) ha ampliato la sua distribuzione di erbe biologiche USDA in ulteriori punti vendita Key Food, City Supermarket e Lincoln Market nella zona metropolitana di New York. L'espansione include oltre una dozzina di erbe biologiche coltivate localmente, come basilico, coriandolo e prezzemolo.
L'azienda ha riportato una crescita significativa nel suo business principale, con le vendite di erbe fresche in aumento del 55% nei primi nove mesi del 2024 rispetto allo stesso periodo del 2023. Questa espansione è in linea con la missione di Edible Garden come 'Il Creatore di Sapore' di fornire erbe fresche e saporite, mantenendo l'impegno per la qualità e pratiche agricole sostenibili.
Edible Garden (Nasdaq: EDBL) ha ampliado su distribución de hierbas orgánicas USDA a más ubicaciones de Key Food, City Supermarket y Lincoln Market en el área metropolitana de Nueva York. La expansión incluye más de una docena de hierbas orgánicas cultivadas localmente, como albahaca, cilantro y perejil.
La empresa reportó un crecimiento significativo en su negocio principal, con las ventas de hierbas frescas aumentando un 55% en los primeros nueve meses de 2024 en comparación con el mismo período en 2023. Esta expansión se alinea con la misión de Edible Garden como 'El Creador de Sabor' para ofrecer hierbas frescas y sabrosas, manteniendo el compromiso con la calidad y las prácticas agrícolas sostenibles.
Edible Garden (Nasdaq: EDBL)는 뉴욕 메트로폴리탄 지역 내 Key Food, City Supermarket, Lincoln Market의 추가 지점으로 USDA 유기농 허브 유통을 확장했습니다. 이 확장은 바질, 고수, 파슬리와 같은 1도독 이상의 지역에서 재배된 유기농 허브를 포함합니다.
회사는 2023년 같은 기간에 비해 2024년 첫 9개월 동안 신선한 허브 판매가 55% 증가했다고 보고했습니다. 이 확장은 '맛의 제조자'로서 신선하고 풍미있는 허브를 제공하며 품질과 지속 가능한 농업 관행에 대한 약속을 지키고자 하는 Edible Garden의 사명과 일치합니다.
Edible Garden (Nasdaq: EDBL) a élargi sa distribution d'herbes biologiques USDA à d'autres points de vente Key Food, City Supermarket et Lincoln Market dans la région métropolitaine de New York. Cette expansion comprend plus d'une douzaine d'herbes biologiques cultivées localement, telles que le basilic, la coriandre et le persil.
L'entreprise a signalé une croissance significative de son activité principale, avec une augmentation des ventes d'herbes fraîches de 55% au cours des neuf premiers mois de 2024 par rapport à la même période en 2023. Cette expansion s'inscrit dans la mission d'Edible Garden en tant que 'Fabricant de Saveurs' de fournir des herbes fraîches et savoureuses tout en maintenant un engagement pour la qualité et des pratiques agricoles durables.
Edible Garden (Nasdaq: EDBL) hat seine Verteilung von USDA Bio-Kräutern auf weitere Standorte von Key Food, City Supermarket und Lincoln Market im Großraum New York ausgeweitet. Die Expansion umfasst mehr als ein Dutzend lokal angebaute Bio-Kräuter wie Basilikum, Koriander und Petersilie.
Das Unternehmen berichtete von einem signifikanten Wachstum in seinem Kerngeschäft, wobei der Verkauf von frischen Kräutern um 55% in den ersten neun Monaten von 2024 im Vergleich zum gleichen Zeitraum 2023 gestiegen ist. Diese Expansion entspricht der Mission von Edible Garden als 'Der Geschmackshersteller', frische und aromatische Kräuter anzubieten und gleichzeitig das Engagement für Qualität und nachhaltige Anbaumethoden aufrechtzuerhalten.
- Cut herb sales grew 55% in the first nine months of 2024 vs 2023
- Expanded distribution network in NY Metropolitan Area
- Added new retail locations through Key Food, City Supermarket, and Lincoln Market partnerships
- None.
Insights
The expansion into additional Key Food, City Supermarket and Lincoln Market locations represents meaningful growth for Edible Garden in the important NY Metropolitan market. The 55% year-over-year growth in cut herb sales for the first nine months of 2024 demonstrates strong execution and market demand. However, with a micro-cap market value of just
The expansion aligns with two key market trends: growing demand for organic produce and increasing consumer preference for locally-sourced foods. The NY Metropolitan Area represents a prime market for premium organic herbs due to its high concentration of health-conscious consumers and upscale grocery shoppers. The company's positioning as "The Flavor Maker" and focus on sustainability resonates with current consumer values. The 55% growth in cut herb sales suggests strong product-market fit and effective execution of their distribution strategy. However, the herb market is highly competitive with relatively low barriers to entry and Edible Garden will need to maintain strong relationships with retailers while differentiating their offering to sustain growth.
BELVIDERE, NJ, Dec. 10, 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 that it has expanded distribution of its USDA Organic herb product line to include additional Key Food, City Supermarket and Lincoln Market locations.
"We are pleased to deepen our relationship with Key Food, City Supermarket, and Lincoln Market to make our USDA Organic herb line available in even more locations across the New York Metropolitan Area," said Jim Kras, CEO of Edible Garden. "As 'The Flavor Maker, Edible Garden®’, our mission is to deliver the freshest and most flavorful herbs to our retail partners. This expansion allows even more consumers and communities to experience more than a dozen locally grown USDA Organic herbs, including favorites like basil, cilantro, and parsley—all cultivated with a steadfast commitment to quality and sustainability. We are also proud to support the grand opening of Lincoln Market’s new store, reinforcing our dedication to local businesses and the economic vitality of the communities we serve.”
"The goal across our distribution network is to make it easier for health-conscious consumers to elevate their culinary experiences with ingredients that not only deliver exceptional flavor but also promote a healthy lifestyle and environmentally sustainable farming practices. This commitment is reflected in our third-quarter results, with our core business achieving robust growth and performing stronger than ever. Sales of cut herbs for the first nine months of 2024 grew by
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 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
What was Edible Garden's (EDBL) sales growth for cut herbs in 2024?
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