Edible Garden Starts Shipping Walmart New Offering - Fresh-Cut Basil
Edible Garden AG (Nasdaq: EDBL) has expanded its partnership with Walmart by introducing value size fresh-cut basil to existing Walmart locations. This expansion aligns with Walmart's Project Gigaton sustainability initiative and strengthens Edible Garden's commitment to sustainable farming practices.
The company reported significant sustainability achievements in 2024, including a 183% increase in fuel savings (28,870 gallons) and avoided emissions equivalent to 131 passenger cars, marking a 142% improvement over 2023. These improvements were achieved through enhanced route planning and backhauling efficiencies.
The initiative leverages Edible Garden's proprietary GreenThumb™ technology and innovative greenhouse practices, supporting Walmart's goal to eliminate one billion metric tons of emissions by 2030 while maintaining high fill rates and supply chain efficiency.
Edible Garden AG (Nasdaq: EDBL) ha ampliato la sua partnership con Walmart introducendo basilico fresco a taglio valore nei punti vendita Walmart esistenti. Questa espansione è in linea con l'iniziativa di sostenibilità Project Gigaton di Walmart e rafforza l'impegno di Edible Garden verso pratiche agricole sostenibili.
L'azienda ha riportato risultati significativi in termini di sostenibilità nel 2024, inclusi un 183% di aumento nel risparmio di carburante (28.870 galloni) e emissioni evitate equivalenti a 131 automobili passeggeri, segnando un 142% di miglioramento rispetto al 2023. Questi miglioramenti sono stati raggiunti attraverso una pianificazione migliorata dei percorsi e l'efficienza nel riutilizzo dei carichi.
L'iniziativa sfrutta la tecnologia GreenThumb™ proprietaria di Edible Garden e pratiche innovative di serre, sostenendo l'obiettivo di Walmart di eliminare un miliardo di tonnellate metriche di emissioni entro il 2030, mantenendo elevati tassi di riempimento e efficienza nella catena di approvvigionamento.
Edible Garden AG (Nasdaq: EDBL) ha ampliado su asociación con Walmart al introducir albahaca fresca de tamaño valor en las ubicaciones existentes de Walmart. Esta expansión está alineada con la iniciativa de sostenibilidad Project Gigaton de Walmart y refuerza el compromiso de Edible Garden con prácticas agrícolas sostenibles.
La empresa reportó logros significativos en sostenibilidad en 2024, incluyendo un 183% de aumento en el ahorro de combustible (28,870 galones) y emisiones evitadas equivalentes a 131 automóviles de pasajeros, marcando una 142% de mejora en comparación con 2023. Estas mejoras se lograron mediante una planificación de rutas mejorada y eficiencias en el regreso de carga.
La iniciativa aprovecha la tecnología GreenThumb™ de propiedad de Edible Garden y prácticas innovadoras de invernaderos, apoyando el objetivo de Walmart de eliminar mil millones de toneladas métricas de emisiones para 2030, manteniendo altas tasas de llenado y eficiencia en la cadena de suministro.
Edible Garden AG (Nasdaq: EDBL)은 Walmart과의 파트너십을 확대하여 기존 Walmart 매장에 가치 크기의 신선한 바질을 도입했습니다. 이번 확장은 Walmart의 Project Gigaton 지속 가능성 이니셔티브와 일치하며, Edible Garden의 지속 가능한 농업 관행에 대한 약속을 강화합니다.
회사는 2024년 지속 가능성에서 상당한 성과를 보고했으며, 이에는 연료 절약 183% 증가(28,870 갤론)와 131대 승용차에 해당하는 배출량 회피가 포함되며, 2023년 대비 142% 개선을 나타냅니다. 이러한 개선은 향상된 경로 계획 및 회수 효율성을 통해 달성되었습니다.
이 이니셔티브는 Edible Garden의 독점 기술인 GreenThumb™와 혁신적인 온실 관행을 활용하여 Walmart의 2030년까지 10억 미터톤의 배출을 제거하겠다는 목표를 지원하며, 높은 채우기 비율과 공급망 효율성을 유지합니다.
Edible Garden AG (Nasdaq: EDBL) a élargi son partenariat avec Walmart en introduisant du basilic frais en grande taille dans les points de vente Walmart existants. Cette expansion s'inscrit dans le cadre de l'initiative de durabilité Project Gigaton de Walmart et renforce l'engagement d'Edible Garden envers des pratiques agricoles durables.
L'entreprise a signalé des réalisations significatives en matière de durabilité en 2024, notamment une augmentation de 183% des économies de carburant (28 870 gallons) et des émissions évitées équivalentes à 131 voitures de passagers, marquant une amélioration de 142% par rapport à 2023. Ces améliorations ont été réalisées grâce à une planification des itinéraires améliorée et à des gains d'efficacité dans le transport de retour.
L'initiative tire parti de la technologie GreenThumb™ propriétaire d'Edible Garden et de pratiques innovantes de serre, soutenant l'objectif de Walmart d'éliminer un milliard de tonnes métriques d'émissions d'ici 2030 tout en maintenant des taux de remplissage élevés et une efficacité de la chaîne d'approvisionnement.
Edible Garden AG (Nasdaq: EDBL) hat seine Partnerschaft mit Walmart durch die Einführung von frischem, großem Basilikum in bestehenden Walmart-Lokationen erweitert. Diese Erweiterung steht im Einklang mit dem Nachhaltigkeitsprojekt Project Gigaton von Walmart und stärkt das Engagement von Edible Garden für nachhaltige landwirtschaftliche Praktiken.
Das Unternehmen berichtete im Jahr 2024 von erheblichen Fortschritten in der Nachhaltigkeit, einschließlich einer 183%igen Erhöhung der Treibstoffeinsparungen (28.870 Gallonen) und vermiedenen Emissionen, die 131 Personenkraftwagen entsprechen, was eine 142%ige Verbesserung im Vergleich zu 2023 bedeutet. Diese Verbesserungen wurden durch verbesserte Routenplanung und Rückbeladungs-Effizienzen erreicht.
Die Initiative nutzt die proprietäre GreenThumb™-Technologie von Edible Garden und innovative Gewächshauspraktiken und unterstützt das Ziel von Walmart, bis 2030 eine Milliarde metrische Tonnen Emissionen zu eliminieren, während hohe Befüllungsraten und Effizienz in der Lieferkette aufrechterhalten werden.
- Expansion of existing Walmart partnership with new product offering
- 183% increase in fuel savings (28,870 gallons) in 2024
- 142% improvement in emissions reduction, equivalent to 131 passenger cars
- None.
Insights
The expansion of Edible Garden's Walmart partnership marks a strategic milestone that could significantly impact the company's market position and financial trajectory. The introduction of value size fresh-cut basil to existing Walmart locations leverages three critical advantages:
1. Operational Efficiency: The company's impressive sustainability metrics -
2. Strategic Market Positioning: The alignment with Walmart's Project Gigaton (targeting one billion metric tons of emissions reduction by 2030) positions Edible Garden advantageously in the growing sustainable products market. This partnership provides:
- Enhanced distribution network access
- Increased brand visibility
- Potential for future product expansion
3. Competitive Moat: The combination of their proprietary GreenThumb™ technology, Zero-Waste Inspired® practices and established relationship with North America's largest retailer creates significant barriers to entry for competitors. Their demonstrated ability to maintain high fill rates while optimizing logistics suggests a scalable and defensible business model.
The expansion's timing aligns with growing consumer demand for sustainable products and retailer emphasis on environmental responsibility. While the immediate revenue impact may be modest given the specific product category, the strategic value of deepening ties with Walmart and demonstrating operational excellence could catalyze future growth opportunities and market expansion.
Provides Consumer Value Size & Aligns with Walmart’s Project Gigaton, Furthering Sustainability Efforts and Reducing Food Miles
BELVIDERE, NJ, Feb. 03, 2025 (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 the expansion of its existing partnership with Walmart. The Company is adding value size fresh-cut basil to its product assortment at Walmart locations. This strategic addition underscores Edible Garden’s ongoing commitment to sustainable farming practices and its dedication to reducing environmental impact through Walmart’s Project Gigaton.
"We are excited to expand our relationship with Walmart by introducing our value size cut basil to their existing locations," said Jim Kras, Chief Executive Officer of Edible Garden. "This expansion advances our mission to provide fresh, sustainable produce while optimizing supply chain efficiencies. By utilizing existing trucking routes and distribution networks, we eliminate unnecessary food miles, reducing emissions and further supporting Walmart’s Project Gigaton."
“In 2024, we accelerated our sustainability efforts, achieving significant year-over-year improvements. We proudly reduced fuel demand by 28,870 gallons, a
“The addition of value size fresh-cut basil not only delivers high-quality herbs to Walmart shoppers but also reinforces our ability to meet demand while maintaining industry-leading fill rates. Our Zero-Waste Inspired® mission drives efficiency at every stage of the supply chain, leveraging our proprietary GreenThumb™ technology and innovative greenhouse practices to redefine how fresh produce is grown, packaged, and distributed. Expanding our Walmart partnership strengthens this mission, reinforcing our commitment to sustainable food production and supporting Walmart’s goal of eliminating one billion metric tons of emissions by 2030."
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/.
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company’s overall profitability, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “aim,” “believe,” “look forward,” “objective,” “plan,” “will,” “seek,” 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
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