Edible Garden AG Inc Stock Price, News & Analysis

Edible Garden AG (Nasdaq: EDBL) has signed an exclusive two-year vendor supply agreement with Berkot's Super Foods, a Midwest grocery chain operating across Illinois, Wisconsin, and Chicagoland. The partnership makes Edible Garden the exclusive herb supplier to Berkot's, implementing a Direct-to-Distribution Center program.

Under the agreement, Edible Garden will supply various sustainably grown products including fresh potted herbs, hydroponic basil, cut herbs, wheatgrass, paste-style squeeze herbs, and their Pickle Party product. The program features Edible Garden's innovative merchandising solutions, including self-watering displays, fresh herb racks, and basil-specific merchandising units designed to maintain freshness and increase product visibility.

Edible Garden AG (Nasdaq: EDBL) has successfully regained compliance with Nasdaq's minimum bid price requirement, as confirmed by formal notice received on April 8, 2025. This development follows the Nasdaq Hearings Panel's decision dated February 12, 2025. The company will be subject to a Panel Monitor through April 8, 2026.

CEO Jim Kras emphasized that regaining compliance represents a important milestone, reflecting the team's dedication to strengthening their business foundation. The company views maintaining its Nasdaq listing as essential for capital market credibility and exposure while pursuing their long-term strategy in the sustainable foods market.

Edible Garden AG (Nasdaq: EDBL) has announced the chainwide rollout of its fresh Poultry Mix at ShopRite stores, strategically timed for the Passover and Easter seasons. The launch follows the product's successful performance during the 2024 winter holidays, where sales doubled year-over-year during Thanksgiving, Christmas, and New Year.

The Poultry Mix, a blend of fresh culinary herbs including rosemary, thyme, and sage, will be available across ShopRite's network of over 350 stores in the Northeast. This expansion leverages Edible Garden's existing partnership with Wakefern Food Corp., the largest retailer-owned cooperative in the United States.

The product will feature prominent merchandising placement in fresh herb sections, supported by Edible Garden's in-store branding tools. The launch aligns with ShopRite's recent recognition as the 'Most Trusted Grocery Retailer in the Northeast' for three consecutive years.

Edible Garden (NASDAQ: EDBL) reported significant financial improvements for 2024, highlighted by a 181.3% increase in gross profit and expansion in gross margin from 5.9% to 16.7%. The company's strategic realignment focused on its core herb business, which grew 16.3% year-over-year, generating an additional $1.7 million in revenue.

While total revenue remained relatively flat at $13.9 million (down 1.4% from 2023), this was due to the company's intentional exit from lower-margin product lines including lettuce and floral. Cost of goods sold decreased by $1.7 million (12.7%) to $11.6 million, driven by increased internal production capabilities.

The company reported a net loss of $11.1 million for 2024, compared to $10.2 million in 2023, primarily due to increased SG&A expenses and interest costs. Notable developments include the proposed acquisition of Narayan Group and the launch of new product lines including Squeezables, Pulp, and Kick Sports Nutrition.

Edible Garden (Nasdaq: EDBL), a controlled environment agriculture company focused on organic and sustainable produce, has scheduled its Q4 2024 financial results conference call for March 31, 2025, at 8:00 AM ET.

The call will be accessible via toll-free phone numbers (+1 888-506-0062 for U.S., +1 973-528-0011 for international callers, access code: 270267). A webcast will be available through the company's investor relations website until March 31, 2026. A phone replay will be accessible until April 14, 2025.

Edible Garden (Nasdaq: EDBL) has secured a prestigious position in the top 50 of the 2024 FoodTech 500 global rankings by Forward Fooding. The recognition comes after evaluation of over 2,000 companies from 50+ countries, based on business size, digital presence, and sustainability practices.

The company's success is driven by its Zero-Waste Inspired® mission and innovative technologies, including the patented GreenThumb software and Self-watering displays. These solutions enhance operational efficiency, extend product shelf life, and reduce waste in controlled environment agriculture (CEA).

As a leader in locally grown, organic, and sustainable produce, Edible Garden leverages advanced greenhouse growing techniques and localized supply chain expertise to maximize yields and optimize costs, contributing to a more sustainable food ecosystem that benefits retailers, consumers, and the environment.

Edible Garden AG (Nasdaq: EDBL) has announced a new partnership with Freshtown Marketplace to distribute its USDA Organic herb product line. The collaboration, announced on March 11, 2025, will expand the availability of Edible Garden's fresh herbs, including basil, cilantro, and parsley, through Freshtown's regional supermarket network.

As a member of the Foodtown supermarket cooperative, Freshtown Marketplace leverages collective buying power to offer competitive pricing while maintaining high-quality standards. This strategic partnership aligns with Edible Garden's mission as 'The Flavor Maker' to provide fresh, sustainably grown produce to health-conscious consumers.

The partnership aims to address growing consumer demand for fresh, organic, and sustainably sourced products while making these options more accessible through Freshtown's retail network. The collaboration also supports locally driven farming practices and complements Freshtown's existing Jersey Fresh suppliers.

Edible Garden AG (Nasdaq: EDBL) announced its participation at Indoor Ag-Con 2025, scheduled for March 11-12, 2025, at The Westgate Las Vegas. Amanda Caton, Head Grower at Edible Garden, will be a featured speaker in the session 'Mastering Integrated Pest Management: Best Practices for CEA Success'.

The event is the largest gathering for controlled environment agriculture (CEA) professionals, bringing together stakeholders across the agriculture supply chain. The session will provide practical insights into Integrated Pest Management (IPM) strategies specifically for the CEA sector, targeting greenhouse operators and vertical farm growers.

CEO Jim Kras emphasized that the event aligns with their Zero-Waste Inspired® vision and offers opportunities to explore latest trends and innovations in CEA growing while sharing knowledge with industry professionals.

Edible Garden (Nasdaq: EDBL) announced its continued pursuit of acquiring Narayan Group, a leading European producer of organic coconut and superfood products. The potential acquisition aims to expand Edible Garden's international footprint and enhance supply chain efficiencies across North America and Europe.

If completed, the acquisition would integrate Narayan's organic product lines into Edible Garden's North American distribution platform, expanding their portfolio of nutrient-dense, plant-based nutrition offerings. The move aligns with the company's Zero-Waste Inspired® mission, promising enhanced supply chain transparency and reduced environmental impact.

Additionally, the company announced 'The Future of Food' event during Natural Products Expo West® 2025, featuring James Beard Award-winning Chef JJ Johnson. The event, scheduled for March 5, 2025, in Anaheim, CA, will showcase culinary innovations using Edible Garden's sustainable ingredients. The company will also display its Pickle Party, Pulp, and Squeezables product lines at Booth #5499A.