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) has announced that its USDA Organic herb product line is now available at Superfresh, City Supermarket, and Fine Fare Supermarkets locations in New Jersey. This expansion strengthens Edible Garden's presence in the Northeast distribution network. The company will work closely with each retailer to offer a customized assortment of SKUs tailored to their customers' needs.
CEO Jim Kras emphasized the company's commitment to providing reliable service and fresh, high-quality products. This partnership aligns with Edible Garden's Zero-Waste Inspired® mission, as it aims to maximize efficiency and reduce its carbon footprint by leveraging existing relationships in the Northeast.
Edible Garden AG (Nasdaq: EDBL) has partnered with the University of Rhode Island for a graduate research project on sustainability in controlled environment agriculture (CEA) greenhouses. The collaboration involves:
1. Researchers evaluating Edible Garden's sustainability initiatives
2. Benchmarking efforts against industry standards
3. Gaining insights to set clear sustainability goals
4. Contributing to broader discussions on environmental impact in CEA
CEO Jim Kras emphasized the partnership's importance in improving sustainability practices and driving positive industry change. Jan-Tia Kern, Head of Food Safety and Quality Assurance, highlighted the potential for developing educational tools to inspire future leaders in sustainable agriculture. Edible Garden commits to transparency and sharing findings to promote more sustainable practices across the industry.
Edible Garden AG Incorporated (Nasdaq: EDBL) has launched VitaminWhey.com, an e-commerce site for its Vitamin Whey® and Vitamin Way® protein powder lines. This move expands consumer access to their whey and plant protein products nationwide. The site offers various flavors including French Vanilla, Chocolate Dream, and Lucious Strawberry for Vitamin Whey®, and Chocolate and Creamy Vanilla for Vitamin Way® organic protein powders.
CEO Jim Kras emphasized that this launch is a significant step forward for the brands, allowing direct-to-consumer sales of their advanced protein powders. The products are designed to support muscle recovery and overall well-being, featuring exclusive multi-vitamin, high whey protein, and amino acid complex formulas. Edible Garden aims to enhance its 'Flavor Maker' reputation through this product line, developed in partnership with Nutracom.
Edible Garden AG (NASDAQ: EDBL) reported impressive Q2 2024 results, with a 157% increase in gross profit driven by 61% growth in cut herbs and 30% growth in vitamins & supplements. The company's strategic shift away from third-party growers led to a record gross margin of 36.7%, up from 13.1% in Q2 2023. Edible Garden expanded distribution of its Pulp product line through UNFI Distributors and KeHE Distributors, reaching major retailers like Target and Whole Foods. The company also launched Garden Starters for home gardening and implemented innovative packaging solutions to extend product shelf life. Despite revenue growth to $4.3 million, Edible Garden reported a net loss of $1.9 million for Q2 2024.
Edible Garden AG Incorporated (Nasdaq: EDBL), a leader in controlled environment agriculture, has scheduled a conference call for August 14, 2024, at 8:00 AM Eastern Time to discuss its second quarter 2024 financial results and provide a business update. The call will be accessible via telephone and webcast. U.S. callers can dial toll-free +1 888-506-0062, while international callers can use +1 973-528-0011 with access code 421315. A webcast replay will be available on the company's investor relations website until August 14, 2025. Additionally, a telephone replay will be accessible until August 28, 2024, by dialing +1 877-481-4010 (U.S.) or +1 919-882-2331 (international) with access code 50971.
Edible Garden AG Incorporated (Nasdaq: EDBL) reported 30% year-over-year sales growth in its Vitamins and Supplements products for the second quarter of 2024. This growth is expected to positively impact profitability and cash flow from operations. CEO Jim Kras attributes the success to an integrated marketing strategy and promotional activities. The company recently expanded its product lineup with two new flavors, 'Ice Cream Cake' and 'Orange Creamsicle,' reinforcing its reputation as the 'Flavor Maker.' Edible Garden's partnership with Nutracom has been important in developing innovative flavors, and the company plans to explore more creative options to meet customer preferences and set industry trends.
Edible Garden AG Incorporated (Nasdaq: EDBL) has announced the availability of its products at Seasons Kosher and Lincoln Market retail locations. This expansion aligns with the company's mission to offer locally grown produce and promote smaller local stores. Seasons Kosher is known for its extensive range of kosher products and commitment to quality and ethical sourcing. Lincoln Market is recognized for its fair pricing and diverse selection of high-quality, organic, and conventional products.
CEO Jim Kras emphasized that this move advances Edible Garden's goal to connect more closely with the communities they serve and embodies their 'Simply Local... Simply Fresh' mantra. The company will also support the grand opening of Lincoln Market's new store, demonstrating their commitment to local economic vitality. This expansion offers customers a fresh, locally focused shopping experience that supports local producers and promotes a healthier, more sustainable lifestyle.
Edible Garden AG Incorporated (Nasdaq: EDBL) reported a 44% year-over-year increase in preliminary produce sales for the key July 4th holiday period. This follows a 27.6% revenue growth in Q1 2024. The company achieved a 99% fulfillment rate during this period, demonstrating reliability to distribution partners.
CEO Jim Kras attributes success to vertical integration and increased capacity from Edible Garden Heartland. The company now produces 95% of its product in-house, reducing dependence on third-party growers. This shift has led to margin growth and improved operational efficiency. Shipper programs in the Northeast, Mid-Atlantic, and Midwest regions have been important in meeting customer demands effectively.
Edible Garden AG, known for its controlled environment agriculture and sustainable produce, will showcase its USDA Organic, fermented Pulp sauces and chili-based products at the 2024 Organic Produce Summit in Monterey, California. Pulp products are distinguished by their raw and organic ingredients, transforming the condiment experience. The event focuses on networking, education, and addressing industry trends like sustainability and innovation. Pulp products are available in major retailers such as Whole Foods Market and Target, as well as through distributors like KeHE and UNFI. The company advocates for pushing flavor boundaries and enhancing product quality.
Edible Garden AG announced a new comprehensive training program in collaboration with Abilities of Northwest Jersey, a non-profit organization supporting individuals with disabilities. Established in October 1974, Abilities provides various community-integrated employment and day services. Edible Garden's CEO, Jim Kras, emphasized the decade-long rewarding partnership with Abilities, noting that the initiative integrates dedicated workers with disabilities into their workforce. This program aims to enhance employability and career prospects for these individuals while enriching Edible Garden's workforce with diverse talents. The company reaffirmed its commitment to community involvement, local investment, and leadership in ESG and sustainability initiatives.
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