Edible Garden’s USDA Organic Herb Line Now Shipping to H Mart Stores
Edible Garden AG Incorporated (Nasdaq: EDBL) has announced the expansion of its distribution partnership with H Mart, the largest Asian supermarket chain in the United States. The company is now shipping its full USDA Organic herb product line to H Mart stores in the Southeast region.
H Mart, established in 1982, has grown to over 97 locations across the country and is known for offering a wide range of Asian and Western groceries. The partnership aligns with both companies' commitment to quality, sustainability, and fresh products.
Jim Kras, CEO of Edible Garden, expressed excitement about the expansion, emphasizing the company's dedication to delivering the freshest and most flavorful herbs to retail partners. He highlighted the shared values between Edible Garden and H Mart, focusing on sourcing high-quality ingredients and meeting the needs of discerning customers.
Edible Garden AG Incorporated (Nasdaq: EDBL) ha annunciato l'espansione della sua partnership distributiva con H Mart, la più grande catena di supermercati asiatici negli Stati Uniti. La società sta ora spedendo l'intera linea di prodotti a base di erbe biologiche USDA ai negozi H Mart nella regione del Sud-Est.
H Mart, fondata nel 1982, è cresciuta fino a oltre 97 filiali in tutto il paese ed è nota per offrire una vasta gamma di generi alimentari asiatici e occidentali. La partnership è in linea con l'impegno di entrambe le aziende per qualità, sostenibilità e prodotti freschi.
Jim Kras, CEO di Edible Garden, ha espresso entusiasmo per l'espansione, sottolineando la dedizione dell'azienda nel fornire le erbe più fresche e saporite ai partner commerciali. Ha evidenziato i valori condivisi tra Edible Garden e H Mart, concentrandosi sull'approvvigionamento di ingredienti di alta qualità e sulla soddisfazione delle esigenze dei clienti esigenti.
Edible Garden AG Incorporated (Nasdaq: EDBL) ha anunciado la expansión de su asociación de distribución con H Mart, la cadena de supermercados asiáticos más grande de Estados Unidos. La compañía ahora está enviando toda su línea de productos herbales orgánicos USDA a las tiendas H Mart en la región sureste.
H Mart, establecida en 1982, ha crecido a más de 97 ubicaciones en todo el país y es conocida por ofrecer una amplia variedad de productos alimenticios asiáticos y occidentales. La asociación se alinea con el compromiso de ambas empresas con la calidad, la sostenibilidad y los productos frescos.
Jim Kras, CEO de Edible Garden, expresó su entusiasmo por la expansión, enfatizando la dedicación de la compañía a entregar las hierbas más frescas y sabrosas a los socios comerciales. Destacó los valores compartidos entre Edible Garden y H Mart, centrándose en la obtención de ingredientes de alta calidad y en satisfacer las necesidades de clientes exigentes.
Edible Garden AG Incorporated (Nasdaq: EDBL)는 미국 최대의 아시아 슈퍼마켓 체인인 H Mart와의 유통 파트너십 확대를 발표했습니다. 회사는 이제 USDA 유기농 허브 제품 라인을 남동부 지역의 H Mart 매장에 배송하고 있습니다.
1982년에 설립된 H Mart는 전국에 97개 이상의 지점을 두고 있으며, 다양한 아시아 및 서양 식료품을 제공하는 것으로 알려져 있습니다. 이 파트너십은 양사의 품질, 지속 가능성, 신선한 제품에 대한 헌신과 일치합니다.
Edible Garden의 CEO인 Jim Kras는 이 확장에 대해 기대감을 표명하며, 소매 파트너에게 가장 신선하고 맛있는 허브를 제공하겠다는 회사의 헌신을 강조했습니다. 그는 Edible Garden과 H Mart 간의 공유 가치를 강조하며, 고품질 재료 조달과 까다로운 고객의 요구를 충족하는 데 중점을 두었습니다.
Edible Garden AG Incorporated (Nasdaq: EDBL) a annoncé l'expansion de son partenariat de distribution avec H Mart, la plus grande chaîne de supermarchés asiatiques aux États-Unis. L'entreprise expédie désormais toute sa gamme de produits d'herbes biologiques USDA vers les magasins H Mart dans la région sud-est.
Créé en 1982, H Mart a vu son nombre d'emplacements dépasser 97 à travers le pays et est connu pour offrir une large gamme de produits alimentaires asiatiques et occidentaux. Le partenariat s'aligne sur l'engagement des deux entreprises envers la qualité, la durabilité et les produits frais.
Jim Kras, CEO d'Edible Garden, a exprimé son enthousiasme concernant cette expansion, soulignant l'engagement de l'entreprise à fournir les herbes les plus fraîches et les plus savoureuses à ses partenaires de vente au détail. Il a également mis en avant les valeurs partagées entre Edible Garden et H Mart, en se concentrant sur l'approvisionnement en ingrédients de haute qualité et sur la satisfaction des besoins des clients exigeants.
Edible Garden AG Incorporated (Nasdaq: EDBL) hat die Erweiterung seiner Vertriebspartnerschaft mit H Mart angekündigt, der größten asiatischen Supermarktkette in den Vereinigten Staaten. Das Unternehmen versendet nun seine gesamte USDA biologische Kräuterproduktlinie an H Mart-Filialen in der Südostregion.
H Mart, gegründet 1982, ist auf über 97 Standorte im ganzen Land angewachsen und bekannt für ein breites Angebot an asiatischen und westlichen Lebensmitteln. Die Partnerschaft entspricht dem Engagement beider Unternehmen für Qualität, Nachhaltigkeit und frische Produkte.
Jim Kras, CEO von Edible Garden, äußerte sich begeistert über die Expansion und betonte das Engagement des Unternehmens, den Einzelhandelspartnern die frischesten und geschmackvollsten Kräuter zu liefern. Er hob die gemeinsamen Werte zwischen Edible Garden und H Mart hervor, wobei der Fokus auf der Beschaffung hochwertiger Zutaten und der Erfüllung der Bedürfnisse anspruchsvoller Kunden lag.
- Expansion of distribution partnership with H Mart, the largest Asian supermarket chain in the US
- Inclusion of Southeast region in H Mart distribution network
- Shipping full USDA Organic herb product line to H Mart stores
- None.
Insights
The expansion of Edible Garden's distribution to H Mart stores in the Southeast region is a positive development, albeit with immediate financial impact. This move broadens the company's market reach and aligns with growing consumer demand for organic, locally-sourced products. H Mart's reputation as a premium Asian grocery chain with a diverse customer base provides Edible Garden with exposure to a potentially lucrative market segment.
However, it's important to note that Edible Garden is a micro-cap company with a market capitalization of only
For investors, this news indicates potential for growth but should be viewed cautiously given the company's small size and the competitive nature of the organic produce market. The partnership with a well-established retailer like H Mart could provide valuable brand exposure and serve as a stepping stone for further expansion, but it's important to monitor future financial reports to assess the tangible benefits of this distribution agreement.
Enhances current H Mart distribution by incorporating the Southeast region; underscores a shared commitment to delivering quality, sustainability, and the freshest products
BELVIDERE, NJ, Oct. 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 it is now shipping its full USDA Organic herb product line to H Mart stores in the Southeast region.
H Mart is the largest Asian supermarket chain in the United States and a pioneer in bringing Asian food to the U.S. market. Established in 1982 with a single store in Woodside, Queens, H Mart has expanded to over 97 locations across the country, becoming America's premier destination for Asian groceries. In addition to providing a full range of Asian foods, H Mart offers a broad selection of Western groceries, making it a comprehensive shopping destination for a diverse customer base. Known for its upscale products and everyday essentials, H Mart has also introduced innovative food halls, building on over 30 years of offering in-store dining experiences. Recognized for its rapid growth, H Mart ranks #13 on the National Retail Federation’s HOT 100 RETAILERS list and has been named one of the Top 50 Small Chains and Independents by Supermarket News.
“We are excited to expand our distribution with H Mart to offer our full line of USDA Organic herbs to their customers,” said Jim Kras, CEO of Edible Garden. “As ‘The Flavor Maker,’ we remain committed to delivering the freshest, most flavorful herbs to our retail partners and the augmentation of our distribution with H Mart ensures that even more consumers can enjoy our locally grown, USDA Organic herbs, cultivated with the highest standards of quality and sustainability. Additionally, H Mart’s focus on sourcing the finest ingredients complements our passion for offering fresh, organic herbs that elevate every meal. We are delighted to bring our USDA Organic herbs to H Mart’s discerning customers and are confident that our shared values make this partnership an ideal match."
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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