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Edible Garden AG Incorporated - EDBL STOCK NEWS

Welcome to our dedicated page for Edible Garden Incorporated news (Ticker: EDBL), a resource for investors and traders seeking the latest updates and insights on Edible Garden Incorporated stock.

Edible Garden AG Incorporated (EDBL) is a pioneering force in the field of controlled environment agriculture (CEA). Utilizing both traditional and advanced agricultural techniques, the company focuses on growing fresh, organic food sustainably and safely, while enhancing traceability. Headquartered in Belvidere, New Jersey, and Grand Rapids, Michigan, Edible Garden operates state-of-the-art greenhouses and processing facilities.

The company stands out with its Zero-Waste Inspired® next-generation farming approach, which emphasizes sustainability and safety. Edible Garden's products are available in over 5,000 stores across the United States, making it a significant player in the CEA and sustainability technology sector. The company employs patented technologies like the GreenThumb 2.0 software (US Nos.: US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2) for optimizing growth in vertical and traditional greenhouses, as well as a self-watering display (U.S. Patent No. D1,010,365) designed to increase plant shelf life and enhance in-store display.

Edible Garden is not just about growing food; it is also a developer of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. Additionally, the company offers a line of sustainable food flavoring products, including Pulp gourmet sauces and chili-based products.

The company's commitment to reducing pollution-generating food miles is evident in its strategic network of contract growers located near major U.S. markets. This ensures that their organic herbs and lettuces, grown in controlled environments like hydroponic and vertical greenhouses, are always fresh and local.

Edible Garden's innovative approach and robust safety protocols have not only earned it a dedicated customer base but also positioned it as a disruptor in the CEA and sustainability technology landscape. For more information, visit Edible Garden AG.

Rhea-AI Summary
Edible Garden AG Incorporated has announced the launch of GreenThumb 2.0, an enhanced version of their proprietary greenhouse management and demand planning system. The upgraded system offers improved dynamic forecasting abilities and efficient data integration, allowing for better management of goods throughout the supply chain. It also includes features such as an upgraded purchase order screen and a real-time inventory system.
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Edible Garden AG Incorporated reported improved gross profit for Q1 2023 compared to last year. The company's shift in strategy towards higher-margin partnerships and products, as well as increased capacity from Edible Garden Heartland, is expected to positively impact margins. They achieved record revenue in April and project revenue growth of over 20% in 2023.
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Edible Garden AG Incorporated will host a conference call on May 15, 2023, to discuss financial results for the quarter ended March 31, 2023, and provide a business update.
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Edible Garden AG has announced the shipment of spring ornamentals from its Edible Garden Heartland facility in Michigan. The lineup includes various-sized hanging baskets of petunias, geraniums, impatiens, begonias, dahlias, and other accent plants. The CEO expects the expansion of the ornamental business to positively impact the Company's overall margins and move them closer to becoming cash flow positive by the end of the year.
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Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has provided a comprehensive update on its initiatives to enhance food safety and sustainability in controlled environment agriculture. CEO Jim Kras emphasized the importance of food safety amid rising consumer concerns and outlined Edible Garden's commitment to using the safest standards in production. The company is actively involved with The Global Food Safety Initiative and has developed innovative solutions like the GreenThumb software to monitor plant health and traceability. Furthermore, Edible Garden is partnering with the New Jersey Institute of Technology and USDA on an EPA-funded study to explore nanobubble technology's effectiveness in reducing pathogens in agriculture. Through these efforts, the company aims to advance food safety and sustainability while enhancing product quality in its offerings, which are available at over 4,000 stores across the U.S.

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Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the launch of Edible Garden Heartland, a new AgTech facility in Grand Rapids, Michigan. This facility focuses on sustainable, locally sourced produce, marking a significant expansion in the Company’s capabilities. The facility aims to produce fresh, USDA Organic produce while also serving as a research and development center for plant-based proteins and nutraceuticals. The anticipated capacity of the facility could generate up to $20 million in annual revenue, allowing the Company to bring production in-house, thereby improving profit margins. The initiative aligns with Edible Garden's Zero-Waste Inspired® mission through reduced food miles and CO2 emissions. The facility is expected to create nearly 100 new jobs in the local community.

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FAQ

What is the current stock price of Edible Garden Incorporated (EDBL)?

The current stock price of Edible Garden Incorporated (EDBL) is $0.3621 as of December 23, 2024.

What is the market cap of Edible Garden Incorporated (EDBL)?

The market cap of Edible Garden Incorporated (EDBL) is approximately 9.2M.

What does Edible Garden AG Incorporated do?

Edible Garden AG Inc. focuses on growing fresh, organic food using controlled environment agriculture techniques, combining traditional and advanced technologies.

Where are Edible Garden's facilities located?

Edible Garden operates its greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan.

What is the Zero-Waste Inspired® farming approach?

The Zero-Waste Inspired® approach emphasizes sustainability and safety in all farming practices, aiming to minimize waste and environmental impact.

What is the GreenThumb 2.0 software?

GreenThumb 2.0 is Edible Garden's patented software designed to optimize growth in vertical and traditional greenhouses, reducing pollution-generating food miles.

What products does Edible Garden offer?

Edible Garden offers organic herbs and lettuces, plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, and sustainable food flavoring products like Pulp gourmet sauces.

How many stores carry Edible Garden products?

Edible Garden products are available in over 5,000 stores across the United States.

What is the self-watering display?

The self-watering display is a patented technology designed to increase the shelf life of plants and provide an enhanced in-store display experience.

What is Edible Garden's approach to sustainability?

Edible Garden focuses on sustainable practices, including the use of hydroponic and vertical greenhouses, sustainable packaging, and a strategic network of local contract growers.

Does Edible Garden offer any protein products?

Yes, Edible Garden offers plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands.

How can I get more information about Edible Garden?

For more information, you can visit Edible Garden's official website at https://ediblegardenag.com/.

Edible Garden AG Incorporated

Nasdaq:EDBL

EDBL Rankings

EDBL Stock Data

9.20M
16.94M
10.21%
2.42%
1.61%
Farm Products
Consumer Defensive
Link
United States of America
BELVIDERE