Edible Garden Introduces Integrated Rack Program with Hemingways

Rhea-AI Summary

Edible Garden AG has announced an expansion of its distribution through Hemingways, a leading distributor of organic products in the Northeast. The expansion includes an innovative integrated rack program designed to enhance the presentation and accessibility of Edible Garden's herbs. This initiative will begin with Adams Hometown Markets and Highland Park Markets, with plans to extend to more retail partners in New England. The goal is to improve brand visibility, consumer access, and overall shopping experience, potentially increasing sales and customer satisfaction.

Positive

• Expansion of distribution network through Hemingways, serving over 350 retail partners.
• Launch of an innovative, integrated rack program aimed at enhancing product display.
• Initial rollout with Adams Hometown Markets and Highland Park Markets, with future plans to extend.
• Goals include improved brand visibility and consumer access, which could boost sales and customer satisfaction.

Negative

• None.

Designed to offer retail partners an improved and more efficient way to display the Company’s herbs

BELVIDERE, NJ, June 24, 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 an expansion of its distribution through Hemingways, a leading distributor of organic and all-natural products serving over 350 retail partners in the Northeast. This expansion includes the launch of an innovative, integrated rack program specifically designed for Hemingway’s retail locations, further enhancing the presentation and accessibility of Edible Garden's products.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to expand our distribution partnership with Hemingways, a key player in distributing our products across the Northeast region. The new integrated rack program is designed to offer Hemmingway’s retail partners an improved and more efficient method for displaying our herbs. The rollout of the integrated racks will initially begin with two of Hemingway’s retail partners, Adams Hometown Markets and Highland Park Markets, with plans to extend it throughout their New England distribution network in the future. The introduction of these integrated racks is consistent with our strategy to enhance brand visibility and improve consumer access to our products. We believe this initiative will provide a more engaging and efficient shopping experience to retail customers, which in turn can help increase sales and general customer satisfaction."

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 Pulp products go to https://www.pulpflavors.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, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “believe,” “expect,” “intend,” “look forward,” “objective,” “plan,” “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 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

FAQ

What is the new program Edible Garden introduced with Hemingways?

Edible Garden introduced an integrated rack program with Hemingways to improve the display and accessibility of their herbs.

When was the new distribution partnership between Edible Garden and Hemingways announced?

The new partnership was announced on June 24, 2024.

Which retail partners will initially feature Edible Garden's integrated racks?

Adams Hometown Markets and Highland Park Markets will initially feature the integrated racks.

What is the stock symbol for Edible Garden?

The stock symbol for Edible Garden is EDBL.

What are the expected benefits of Edible Garden's new integrated rack program?

The program aims to improve brand visibility, consumer access, and the overall shopping experience, potentially increasing sales and customer satisfaction.