EDIBLE GARDEN AG INC - EDBLW STOCK NEWS

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the launch of its new line of Pulp sustainable gourmet sauces and chili-based products at Whole Foods Market locations across the Mid-Atlantic and Southeastern regions, starting summer 2023. CEO Jim Kras emphasized that this expansion into a new product category aims for higher margins and increased brand visibility, as the products will be featured in the refrigerated section next to their existing offerings. This partnership signifies a notable enhancement of Edible Garden’s distribution network, strengthening its presence in the organic produce market.

Edible Garden AG Incorporated has been recognized as a FoodTech 500 company by Forward Fooding, ranking among the top 100 out of over 2,000 global entrants based on business size, digital footprint, and sustainability practices. CEO Jim Kras emphasized the achievement as a testament to their Zero-Waste Inspired initiatives and advanced technologies, including patented GreenThumb software and self-watering displays. The company aims to improve yields, reduce waste, and optimize costs in the AgriFoodTech sector. Edible Garden operates state-of-the-art greenhouses and offers a variety of sustainable and organic products.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announces its debut in the global sauces and condiments market with its new line of Pulp sustainable gourmet sauces. These products will be showcased at National Products EXPO WEST® 2023 in Anaheim, California, from March 8-10. The sauces are USDA Organic and made from non-GMO, preservative-free ingredients. CEO Jim Kras highlighted the market potential, expecting the global sauces market to grow from $172.79 billion in 2021 to $240.7 billion by 2028. The Pulp line aims to leverage existing retail relationships and offer higher-margin products positioned adjacent to the produce section.

On February 15, 2023, Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced that it has regained compliance with Nasdaq's minimum stockholders’ equity requirement and other listing criteria. This notice was received on February 10, 2023, reflecting the Company’s improved financial standing. CEO Jim Kras emphasized the importance of the Nasdaq listing for the Company’s credibility and visibility, and expressed intentions to expand its retail presence across the U.S. Edible Garden specializes in controlled environment agriculture, offering sustainable, locally grown produce through over 4,000 stores nationwide.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a research partnership with the New Jersey Institute of Technology, USDA, and EPA funded by the EPA’s Pollution Prevention Program. The focus is on nanobubble technology and its impact on plant growth in controlled environment agriculture. The research aims to demonstrate nanobubble technology's benefits in indoor farming, including improved plant health, reduced water usage, and enhanced nutrient efficiency. Edible Garden's Zero-Waste Inspired® philosophy complements these efforts, potentially leading to more nutritious produce with longer shelf life.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the closing of its upsized public offering of 1,619,000 units at a price of $6.30 each, generating approximately $10.2 million in gross proceeds. Each unit consists of one share of common stock and one warrant, exercisable at the same price, expiring in five years. The offering included an option for underwriters to purchase an additional 242,850 shares and/or warrants, which has been partially exercised. The offering was executed under registration statements declared effective by the SEC on February 2, 2023.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has announced the pricing of its upsized underwritten public offering of 1,619,000 units, each consisting of one share of common stock and one warrant at $6.30 per unit. The offering aims to raise approximately $10.2 million in gross proceeds, with the warrants immediately exercisable at $6.30 and expiring in five years. An option for underwriters to purchase an additional 242,850 shares exists for over-allotments. The offering is expected to close on or about February 7, 2023, following SEC registration. Maxim Group LLC is the lead manager for this offering.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a 1-for-30 reverse stock split effective January 26, 2023, following stockholder approval on January 24, 2023. This move aims to meet Nasdaq's minimum bid price requirements and enhance share marketability. After the split, each shareholder's ownership percentage remains unchanged. The authorized shares will also be reduced in proportion. Jim Kras, CEO, expressed optimism that this strategic decision will positively impact the company's stock performance.

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced that its products will now be available in all 16 Morton Williams Supermarkets in the New York Metropolitan area. This expansion enhances Edible Garden's robust distribution network and highlights its commitment to providing locally grown, organic produce. CEO Jim Kras stated that the company will offer its entire product line, including herbs and lettuce, tailored to each store's needs. Morton Williams expressed enthusiasm for partnering with Edible Garden to provide high-quality, fresh food to its customers.