STOCK TITAN

Edible Garden Full Product Line Now Available at All Brooklyn Fare New York City Locations

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Edible Garden has announced that its full product line, including the new Pulp sustainable gourmet sauces and chili-based products, is now available at all Brooklyn Fare locations in New York City. This marks a significant retail expansion for Edible Garden, a company recognized for its focus on controlled environment agriculture, organic produce, and sustainable practices.

Brooklyn Fare, a prominent retailer known for its high-quality products and culinary expertise at its Chef's Table restaurant, will now offer Edible Garden products across all its stores, enhancing the availability of sustainable and locally grown produce to New York City residents.

CEO Jim Kras expressed enthusiasm about this development, highlighting Brooklyn Fare's reputation for sophisticated flavor profiles that its customers demand. This expansion is expected to boost Edible Garden's market presence and consumer reach in a key urban market.

Positive
  • Edible Garden's full product line, including new Pulp sauces, is now available at all Brooklyn Fare NYC locations.
  • Brooklyn Fare's reputation for high-quality products could enhance Edible Garden's market presence.
  • The expansion into a prominent NYC retailer could significantly increase Edible Garden's consumer reach.
Negative
  • No specific financial impact or revenue projections were provided in the press release.
  • The press release lacks details on how this expansion will impact overall sales or company profitability.
  • Potential risks of over-reliance on a single retailer for new product launches were not addressed.

BELVIDERE, NJ, June 03, 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 its full line of products, including its new line of Pulp sustainable gourmet sauces and chili-based products, are available at all Brooklyn Fare New York City locations.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We’re really excited that our products are now available across every Brooklyn Fare location in New York City. Brooklyn Fare is known for its selection of products that meet the sophisticated flavor profiles that their customers crave. In fact, at Brooklyn Fare’s Hudson Yards location, they operate a restaurant, Chef’s Table at Brooklyn Fare, where cutting-edge culinary expertise and ingenuity come alive as Executive Chefs Max Natmessnig and Marco Prins raise the bar on a nightly basis blending diverse international cooking traditions with classical French Haute cuisine technique.”

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 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 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 new products from Edible Garden are available at Brooklyn Fare?

Edible Garden has introduced its new Pulp sustainable gourmet sauces and chili-based products at all Brooklyn Fare NYC locations.

Where can I buy Edible Garden products in New York City?

Edible Garden products are now available at all Brooklyn Fare locations in New York City.

What is significant about Edible Garden's expansion to Brooklyn Fare?

This expansion marks a significant retail presence in NYC, potentially increasing Edible Garden's market reach and consumer base.

Who is the CEO of Edible Garden?

The CEO of Edible Garden is Jim Kras.

Edible Garden AG Incorporated

NASDAQ:EDBL

EDBL Rankings

EDBL Latest News

EDBL Stock Data

2.76M
16.94M
10.21%
2.42%
1.61%
Farm Products
Consumer Defensive
Link
United States of America
BELVIDERE