Edible Garden Gains Distribution of USDA Organic Herb Product Line at Additional City Supermarket and Additional The Extra Supermarket Locations in New Jersey
Edible Garden AG (Nasdaq: EDBL) has expanded distribution of its USDA Organic herb product line to additional City Supermarket and The Extra Supermarket locations in New Jersey. This expansion brings locally grown, organic herbs like basil, cilantro, and parsley to more communities, emphasizing freshness, flavor, and sustainability. CEO Jim Kras highlighted the company's commitment to providing high-quality, sustainably grown products while supporting eco-friendly farming practices. The move aligns with increasing consumer demand for fresh, health-conscious options and demonstrates Edible Garden's dedication to making premium products more accessible while partnering with retailers committed to offering diverse, quality choices.
Edible Garden AG (Nasdaq: EDBL) ha ampliato la distribuzione della sua linea di prodotti a base di erbe USDA Organic in ulteriori City Supermarket e The Extra Supermarket in New Jersey. Questa espansione porta erbe organiche coltivate localmente, come basilico, coriandolo e prezzemolo, in più comunità, sottolineando la freschezza, il sapore e la sostenibilità. Il CEO Jim Kras ha evidenziato l'impegno dell'azienda a fornire prodotti di alta qualità, coltivati in modo sostenibile, sostenendo pratiche agricole ecologiche. Questa mossa è in linea con la crescente domanda dei consumatori di opzioni fresche e salutari e dimostra la dedizione di Edible Garden a rendere i prodotti di alta gamma più accessibili, collaborando con rivenditori impegnati a offrire scelte diversificate e di qualità.
Edible Garden AG (Nasdaq: EDBL) ha ampliado la distribución de su línea de productos herbales orgánicos USDA en más City Supermarket y The Extra Supermarket en Nueva Jersey. Esta expansión lleva hierbas orgánicas cultivadas localmente, como albahaca, cilantro y perejil, a más comunidades, enfatizando la frescura, el sabor y la sostenibilidad. El CEO Jim Kras destacó el compromiso de la empresa de ofrecer productos de alta calidad, cultivados de manera sostenible, apoyando prácticas agrícolas ecológicas. Esta decisión está alineada con la creciente demanda de los consumidores por opciones frescas y saludables y demuestra la dedicación de Edible Garden a hacer que los productos premium sean más accesibles, mientras colabora con minoristas comprometidos a ofrecer elecciones diversas y de calidad.
Edible Garden AG (Nasdaq: EDBL)는 유통을 확장했습니다. USDA Organic 허브 제품 라인을 뉴저지의 City Supermarket 및 The Extra Supermarket 추가 위치로. 이 확장은 바질, 고수, 파슬리와 같은 지역에서 재배된 유기농 허브를 더 많은 커뮤니티에 제공합니다. 신선함, 풍미 및 지속 가능성을 강조합니다. CEO Jim Kras는 고품질, 지속 가능하게 재배된 제품을 제공하려는 회사의 의지를 강조하고 친환경 농업 관행을 지원합니다. 이 조치는 신선하고 건강 지향적인 옵션에 대한 소비자의 수요 증가와 일치하며, 다양한 품질 선택을 제공하는 소매업체와의 파트너십을 통해 프리미엄 제품을 더 접근 가능하게 만들겠다는 Edible Garden의 의지를 보여줍니다.
Edible Garden AG (Nasdaq: EDBL) a élargi sa distribution de sa ligne de produits d'herbes USDA Organic à d'autres City Supermarket et The Extra Supermarket au New Jersey. Cette expansion apporte des herbes biologiques cultivées localement, comme le basilic, la coriandre et le persil, à plus de communautés, en mettant l'accent sur la fraîcheur, la saveur et la durabilité. Le PDG Jim Kras a souligné l'engagement de l'entreprise à fournir des produits de haute qualité, cultivés de manière durable, tout en soutenant des pratiques agricoles respectueuses de l'environnement. Ce mouvement s'aligne avec la demande croissante des consommateurs pour des options fraîches et soucieuses de leur santé et démontre la volonté d'Edible Garden de rendre ses produits haut de gamme plus accessibles, tout en s'associant à des détaillants engagés à offrir des choix diversifiés et de qualité.
Edible Garden AG (Nasdaq: EDBL) hat die Vertrieb erweitert für seine USDA Organic Kräuterproduktionslinie auf zusätzliche City Supermarket und The Extra Supermarket Standorte in New Jersey. Diese Erweiterung bringt lokal angebaute, organische Kräuter wie Basilikum, Koriander und Petersilie in mehr Gemeinschaften und betont Frische, Geschmack und Nachhaltigkeit. CEO Jim Kras hob das Engagement des Unternehmens hervor, hochwertige, nachhaltig angebaute Produkte anzubieten und umweltfreundliche landwirtschaftliche Praktiken zu unterstützen. Dieser Schritt steht im Einklang mit der steigenden Verbrauchernachfrage nach frischen, gesundheitsbewussten Optionen und zeigt das Engagement von Edible Garden, hochwertige Produkte zugänglicher zu machen, während die Partnerschaft mit Einzelhändlern besteht, die sich für ein vielfältiges und qualitativ hochwertiges Angebot einsetzen.
- Expanded distribution of USDA Organic herb product line in New Jersey
- Partnership growth with City Supermarket and The Extra Supermarket
- Increased accessibility of locally grown, organic herbs to more communities
- Alignment with consumer demand for fresh, health-conscious options
- None.
The expansion of Edible Garden's distribution in New Jersey represents a modest positive development for the company. While it indicates growing market acceptance and potential revenue increase, the impact is likely due to the regional nature of the expansion. The focus on USDA Organic herbs aligns with consumer trends towards health-conscious and sustainable products, potentially driving sales growth. However, the financial impact remains uncertain without specific figures on new store counts or projected sales increases.
From an investor's perspective, this news suggests gradual business growth rather than a significant market breakthrough. The expansion in local supermarkets demonstrates Edible Garden's ability to deepen market penetration in existing regions, which could lead to improved economies of scale and potentially higher profit margins. Yet, for substantial growth, investors would likely want to see expansion into new geographic markets or major national chains.
This distribution expansion, while positive, has immediate financial impact for Edible Garden. The company's focus on locally grown, organic herbs positions it well in the growing
The expansion into additional local supermarket locations suggests a gradual scaling strategy, which could help optimize logistics and reduce per-unit costs. This approach may improve profitability in the long term, but is unlikely to drive significant short-term revenue growth. Investors should monitor for signs of broader market expansion or entry into larger retail chains, which would indicate more substantial growth potential. The company's emphasis on sustainability and local production aligns with consumer trends but may also limit rapid scalability.
BELVIDERE, NJ, Sept. 17, 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 gained distribution of its USDA Organic herb product line at additional City Supermarket and The Extra Supermarket locations in New Jersey.
"We are excited to expand our partnership with City Supermarket and The Extra Supermarket to bring our USDA Organic herb line to even more locations across New Jersey," said Jim Kras, CEO of Edible Garden. "As 'The Flavor Maker,' we are committed to providing the freshest, most flavorful herbs to our retail partners. With this expansion, even more communities will have access to our locally grown, USDA Organic herbs, including popular varieties such as basil, cilantro, and parsley, all cultivated with the highest standards of quality and sustainability. Our goal is to make it easier for customers to enhance their culinary experiences with ingredients that not only taste great but also support a healthy lifestyle and environmentally responsible farming practices. This expansion demonstrates our commitment to making premium, sustainably grown products more accessible, while highlighting the dedication of City Supermarket and The Extra Supermarket to offering diverse, high-quality choices. By bringing a wider range of fresh, health-conscious options to their shelves, these retailers are not only meeting the evolving preferences of their customers but also actively supporting local, eco-friendly farming practices.”
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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