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Edible Garden AG Inc is a next-generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired® next-generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software, and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2, and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. In addition, the Company offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Pulp products go to https://www.pulpflavors.com/. For more information on Edible Garden go to https://ediblegardenag.com/.
Edible Garden AG (Nasdaq: EDBL) is hosting a 'Pickle Party' at the 2024 Global Produce & Floral Show in Atlanta, Georgia, on October 18th-19th. The company is introducing its sustainable, kosher, Non-GMO Pickle Party product line, leading the way in the fresh condiments category with cleaner and better-for-you ingredients.
Edible Garden's CEO, Jim Kras, highlighted the company's focus on cleaner labels and healthier ingredients, addressing consumer demand for fresh, flavorful, and sustainable condiment options. The company's product lines, including Pulp, Squeezables, and Pickle Party, are redefining the condiment space with USDA Organic, raw, and fermented offerings.
The Global Produce & Floral Show attracts over 20,000 participants from all 50 U.S. states and more than 50 countries, providing Edible Garden with a platform to showcase its innovative products and expand its market presence.
Edible Garden AG Incorporated (Nasdaq: EDBL) announced its participation in the 2024 Global Produce & Floral Show in Atlanta, Georgia, from October 18-19. The company will showcase its USDA Organic herbs, hydro-basil, and produce at Booth C1037. Edible Garden will also feature its Pulp line of sustainable gourmet sauces and chili-based products, and introduce Squeezables, a new line of squeezable herbs.
CEO Jim Kras highlighted the event's importance for networking and showcasing Edible Garden's commitment to high-quality, sustainably grown organic produce. The Squeezables line is presented as an innovation in convenience and sustainability, aligning with the company's Zero-Waste Inspired® mission. The Global Produce & Floral Show, organized by the International Fresh Produce Association, attracts over 20,000 participants from all 50 U.S. states and more than 50 countries.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA) and sustainable produce, has regained compliance with Nasdaq's continued listing requirements. The company received notice from The Nasdaq Stock Market on October 9, 2024, confirming that it had met the minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1).
CEO Jim Kras emphasized the importance of maintaining the Nasdaq listing, stating it strengthens the company's credibility and visibility. He views this as important for enhancing shareholder value and positioning Edible Garden for continued success.
Edible Garden AG Incorporated (Nasdaq: EDBL) has expanded its partnership with Walmart, introducing sustainably grown Hydro Basil to select Walmart Distribution Centers. The company has developed a custom-designed Basil Station display that integrates seamlessly into Walmart's produce sections without disrupting existing planograms.
Edible Garden actively supports Walmart's Project Gigaton, an initiative to reduce greenhouse gas emissions across the global value chain. The company has been recognized as a 'Giga Guru' for its dedication to its Zero-Waste Inspired® mission and leadership in Controlled Environment Agriculture (CEA).
The partnership expansion aligns with increasing demand for organic and sustainably grown products. Edible Garden's commitment to delivering fresh, flavorful, and environmentally friendly products positions it well in the growing market for healthier, eco-conscious food alternatives. The company's consistently high order fulfillment rates have reinforced its relationships with retail partners, potentially impacting revenue growth in 2024 and beyond.
Edible Garden AG Incorporated (Nasdaq: EDBL) has announced the expansion of its distribution partnership with H Mart, the largest Asian supermarket chain in the United States. The company is now shipping its full USDA Organic herb product line to H Mart stores in the Southeast region.
H Mart, established in 1982, has grown to over 97 locations across the country and is known for offering a wide range of Asian and Western groceries. The partnership aligns with both companies' commitment to quality, sustainability, and fresh products.
Jim Kras, CEO of Edible Garden, expressed excitement about the expansion, emphasizing the company's dedication to delivering the freshest and most flavorful herbs to retail partners. He highlighted the shared values between Edible Garden and H Mart, focusing on sourcing high-quality ingredients and meeting the needs of discerning customers.
Edible Garden AG Incorporated (Nasdaq: EDBL), a leader in controlled environment agriculture, has closed its previously announced public offering. The company raised approximately $5.65 million in gross proceeds through the sale of 15,700,650 shares of common stock (or pre-funded warrants) and accompanying Class A and Class B warrants. The combined public offering price was $0.36 per share (or $0.35 per pre-funded warrant) with accompanying warrants.
The Class A warrants expire in five years, while the Class B warrants expire in 18 months, both with an exercise price of $0.36 per share. Edible Garden plans to use the net proceeds to support growth initiatives, general corporate purposes, and repay approximately $3.2 million in short-term debt. Maxim Group acted as the sole placement agent for the offering.
Edible Garden AG Incorporated (Nasdaq: EDBL), a leader in controlled environment agriculture, has announced the pricing of a $5.65 million public offering. The offering includes 15,700,650 shares of common stock (or pre-funded warrants), along with Class A and Class B warrants to purchase additional shares. The combined public offering price is set at $0.36 per share (or $0.35 per pre-funded warrant) with accompanying warrants.
The warrants have an exercise price of $0.36 per share and will be immediately exercisable. Class A warrants expire in five years, while Class B warrants expire in 18 months. The offering is expected to close around September 30, 2024, subject to customary conditions. Maxim Group is acting as the sole placement agent for this offering.
Edible Garden AG Incorporated (Nasdaq: EDBL) has announced that its Vitamin Whey line of whey and plant protein powders under the Vitamin Whey® and Vitamin Way® brands are now available on Walmart Marketplace. The product line includes various flavors of Vitamin Whey® protein powders and Vitamin Way® organic protein powders. Walmart Marketplace is a leading e-commerce platform that allows third-party sellers to offer their products alongside Walmart's inventory, providing access to millions of customers nationwide.
Jim Kras, CEO of Edible Garden, stated that this partnership marks a significant milestone for the company, enabling them to bring their innovative protein products to a wider audience. The company sees this as an opportunity to extend their 'Flavor Maker' legacy and accelerate brand growth. Additionally, joining Walmart Marketplace creates opportunities for Edible Garden to offer more products on the platform, including potential introduction of shelf-stable items like their Pulp line of sustainable, gourmet sauces and chili-based products.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has been recognized as a 2024 NJBIZ Empowering Women honoree. This prestigious award highlights companies in New Jersey that demonstrate a strong commitment to empowering and elevating women in the workplace. The NJBIZ Empowering Women program celebrates businesses that have implemented initiatives and policies aimed at fostering a more inclusive and supportive environment for women, providing opportunities for leadership, professional growth, and mentorship.
Edible Garden has prioritized programs that support women across all levels of the organization, including leadership development programs, flexible work policies, and mentorship opportunities. The company is dedicated to building a workplace that encourages collaboration, innovation, and growth. CEO Jim Kras expressed honor in receiving this recognition, stating that it reflects Edible Garden's commitment to fostering a workplace where all employees can thrive.
Edible Garden AG Incorporated (Nasdaq: EDBL) has announced that its Pulp line of fermented, USDA Organic, sustainable gourmet sauces and chili-based products are now available at Green's Natural Foods stores in New York and New Jersey. This expansion deepens Edible Garden's partnership with Green's Natural Foods, a retailer known for its commitment to health and organic products.
Jim Kras, CEO of Edible Garden, expressed satisfaction with the partnership, highlighting the alignment between Edible Garden's mission to provide fresh, locally grown, and sustainable products and Green's Natural Foods' focus on organic and health-conscious offerings. The Pulp line, known for its bold flavors and unique peppers, has received positive feedback from consumers and is expected to continue this trend with Green's Natural Foods' customer base.
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