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.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a conference call on November 10, 2022, to discuss financial results for Q3 2022, ending September 30. The call will provide business updates and can be accessed via telephone or webcast. Edible Garden focuses on controlled environment agriculture, offering organic produce at over 4,000 stores in the U.S. Their sustainable farming protocols and innovative GreenThumb software aim to optimize production and reduce food miles. The company operates advanced greenhouses in New Jersey and Michigan.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) will showcase its organic produce and Zero-Waste Inspired® initiatives at the Global Produce & Floral Show in Orlando, Florida, from October 27-29, 2022. The Company aims to highlight its certified organic potted and cut herbs, hydroponic basil, and local lettuces. CEO Jim Kras emphasized their commitment to quality and sustainability, showcasing innovative packaging that extends shelf-life, such as cilantro lasting over 11 days. Edible Garden operates greenhouses in New Jersey and Michigan, serving over 4,000 stores nationwide.
Edible Garden AG has introduced three new greenhouse-grown salad kits, including Caesar, Crisp Ranch, and Baby Arugula, aimed at enhancing convenience and aligning with current consumer trends. Initially available at Meijer locations across the Midwest, these kits feature locally grown, sustainable ingredients and less plastic in packaging. CEO Jim Kras emphasized their focus on sustainability and reducing food waste. The company plans to expand its product line further, meeting rising demand for healthy, sustainably produced foods.
Edible Garden AG has appointed Deborah K. Pawlowski to its Board of Directors, effective October 14, 2022. With over 30 years of experience in investor relations and corporate strategy, she will also chair the Compensation Committee. CEO Jim Kras noted her expertise will support Edible Garden's growth and governance. The company, a leader in controlled environment agriculture, emphasizes sustainability and recently launched the Edible Garden Heartland facility to expand its Midwest presence. The team believes that local production can enhance food supply resilience and reduce carbon footprints.
Edible Garden AG Incorporated (Nasdaq:EDBL, EDBLW) will present at the 2022 MicroCap Rodeo Windy City Roundup Conference on October 13, 2022, in Chicago. CEO Jim Kras is set to speak at 1:30 PM CT, with a live webcast available for replay. The conference offers investors insights from over 60 microcap companies across various industries, with one-on-one meetings scheduled throughout the event. Edible Garden specializes in locally grown organic produce and operates advanced facilities in New Jersey and Michigan, focusing on sustainability and innovation.
Generational Equity has successfully facilitated the sale of Greenleaf Growers to Edible Garden Holdings, which closed on September 2, 2022. Greenleaf Growers, based in Grand Rapids, Michigan, specializes in greenhouse cultivation and wholesale distribution of seasonal plants. Following the acquisition, the facility will be rebranded as Edible Garden Heartland, leveraging advanced technologies to enhance production efficiency. CEO Jim Kras highlighted the commitment to sustainability and community impact, with expectations to retain current employees and create additional job opportunities in the Grand Rapids area.
Edible Garden AG has acquired a five-acre greenhouse in Grand Rapids, Michigan, aiming to enhance its Midwest operations. Expected to generate $20 million in annual revenue, the facility will also serve as a research center for sustainable agriculture, developing plant-based proteins and innovations in vertical growing technology. The acquisition includes an existing horticultural business generating $2 million annually, providing cross-selling potential. This initiative aligns with Edible Garden's commitment to sustainable practices and job creation in the local community.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced financial results for Q2 2022, reporting revenues of $3.0 million, up 7.5% year-over-year. The company cited market traction and successful initiatives, including an agreement with Nutracom for nutraceuticals. However, net loss increased to $4.8 million compared to $1.2 million in Q2 2021. Costs rose due to inflation and IPO-related expenses. The company is optimistic about future growth, focusing on expanding its distribution network and enhancing sustainability practices.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture, is hosting a conference call on August 15, 2022, at 11:00 a.m. Eastern Time to discuss its financial results for Q2 2022 and provide a business update.
Investors can participate via telephone or access a live webcast. The call will include key insights on the company's performance and future strategies in the growing market for locally grown, organic produce.
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