Edible Garden Receives USDA Grant for Organic Certification Costs
- Grant will reimburse some of the cost of organic processing/handling certification for Edible Garden Heartland facility
- Enhances ongoing partnership with USDA
- None.
BELVIDERE, NJ, Aug. 15, 2023 (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 that the Company has received a grant from the United States Department of Agriculture Organic Certification Program administered by the Farm Service Agency. These funds are designated to reimburse organic producers and handlers with financial assistance to reduce the cost of organic certification.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to have been awarded this grant from the USDA’s Organic Certification Program administered by the Farm Service Agency. This grant will reimburse some of the cost of the organic processing/handling certification for the Edible Garden Heartland facility in Grand Rapids, Michigan. As a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, our organic certification is obviously important to the Company. Additionally, this grant further enhances the Company’s ongoing partnership with the USDA. Edible Garden is currently involved in a research partnership with the New Jersey Institute of Technology, the USDA, and the EPA studying the impact of nanobubble technology on fresh produce food safety and processing procedures. We look forward to more collaborations with the USDA in the future.”
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 4,000 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 No’s.: US 11,158,006 B1 and US 11,410,249 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. 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 within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict including with respect to the Company’s growth strategies, the success of implementing the GreenThumb 2.0 software, the Company’s ability to reduce its costs while meeting the needs of its customers, and performance as a public company. The words “believe,” “expect,” “aims,” “may,” “opportunity,” “potential,” “seeking,” “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, 2022. Actual results might differ materially from those explicit or implicit in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. 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
