Edible Garden to Showcase USDA Organic Produce and Sustainable Initiatives at 2024 New York Produce Show and Conference, December 11, 2024

Rhea-AI Summary

Edible Garden (Nasdaq: EDBL) announced its participation in the 2024 New York Produce Show and Conference, where it will showcase its USDA Organic herbs and produce at Booth 146 on December 11, 2024. The company will introduce its new Pickle Party kosher, Non-GMO product line, developed in collaboration with Hermann Pickle Company.

The company aims to capitalize on the fresh condiments market, which is projected to grow from $172.8 billion in 2021 to $240.7 billion by 2028. Edible Garden's product portfolio includes sustainable, USDA Organic, raw, and fermented product lines such as Pulp, Squeezables, and Pickle Party, targeting consumers seeking clean-label, better-for-you products.

Positive

• Market opportunity in fresh condiments sector projected to reach $240.7B by 2028
• Strategic partnership with Hermann Pickle Company for new product line
• Product portfolio expansion with Pickle Party line addressing clean-label market demand

Negative

• None.

Company Will Introduce its Pickle Party - Kosher, Non-GMO, Product Line

BELVIDERE, NJ, Dec. 11, 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 that it will showcase its full range of USDA Organic herbs, & produce at the 2024 New York Produce Show and Conference, Booth 146, on Wednesday, December 11, 2024, in New York City. In addition, the Company will introduce its sustainably focused, Pickle Party - kosher, Non-GMO product line. Renowned for its innovative approach to redefining the fresh condiments category, Edible Garden continues to set new standards with its sustainable, USDA Organic, raw, and fermented product lines, including Pickle Party, Pulp, and Squeezables.

The New York Produce Show and Conference, a world-class event for the industry, is presented by the Eastern Produce Council and PRODUCE BUSINESS Magazine. The highlight of the event is a one-day trade show on December 11^th consisting of more than 400 companies, providing producers and retailers with the opportunity to network, build relationships and conduct business.

Jim Kras, Chief Executive Officer of Edible Garden, stated, “We are excited to display our full product line at the New York Produce Show, one of the most prestigious events in the U.S. produce industry. As consumers increasingly demand clean-label, better-for-you products, Edible Garden is uniquely positioned to lead the evolution of the fresh condiments category. In a market projected to grow from $172.8 billion in 2021 to $240.7 billion by 2028, according to Research and Markets, we have embraced innovation where historically, it has been lacking. Our functional products, including Pulp, Squeezables, and now Pickle Party, are transforming how consumers experience condiments. Pickle Party kosher pickles are crafted in collaboration with the renowned Hermann Pickle Company, celebrated for its exceptional fermented food products, including pickles and sauerkraut."

"Our approach to fresh condiments focuses on offering healthier, more flavorful options that meet the growing demand for clean, functional foods. As consumers prioritize condiments that align with their wellness goals, Edible Garden delivers with sustainably produced, USDA Organic, raw, and fermented products that stand out for their unique taste and quality, reinforcing our reputation as ‘The Flavor Maker, Edible Garden®.’ By creating new product categories and seizing emerging market opportunities, Edible Garden is reshaping the fresh condiment industry. With scalable production capabilities and strong partnerships, we are well-equipped to expand nationwide, bringing bold, fresh flavors to consumers across the U.S."

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

What new product line is Edible Garden (EDBL) launching at the 2024 NY Produce Show?

Edible Garden is launching Pickle Party, a kosher, Non-GMO product line, developed in collaboration with Hermann Pickle Company.

What is the projected market size for fresh condiments by 2028 according to EDBL?

According to Research and Markets data cited by Edible Garden, the fresh condiments market is projected to grow from $172.8 billion in 2021 to $240.7 billion by 2028.

What are the main product lines in Edible Garden's (EDBL) condiment portfolio?

Edible Garden's condiment portfolio includes Pulp, Squeezables, and the new Pickle Party line, all featuring USDA Organic, raw, and fermented products.

Where will Edible Garden (EDBL) showcase its products at the 2024 NY Produce Show?

Edible Garden will showcase its products at Booth 146 at the 2024 New York Produce Show and Conference on December 11, 2024.