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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 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.
Edible Garden AG announced it will showcase its new Pulp line of sustainable, gourmet, USDA organic, fermented sauces and chili-based products at the 2024 Organic Produce Summit.
The event is scheduled for July 11th, 2024 at the Monterey Conference Center, California. The summit targets the organic fresh produce industry, facilitating networking, education, and information exchange among buyers and suppliers.
Edible Garden's CEO, Jim Kras, emphasized the alignment of the Pulp line with the company's commitment to environmental stewardship and innovation. The exhibit aims to connect with retail partners, buyers, suppliers, and industry leaders.
Edible Garden AG has announced an expansion of its distribution through Hemingways, a leading distributor of organic products in the Northeast. The expansion includes an innovative integrated rack program designed to enhance the presentation and accessibility of Edible Garden's herbs. This initiative will begin with Adams Hometown Markets and Highland Park Markets, with plans to extend to more retail partners in New England. The goal is to improve brand visibility, consumer access, and overall shopping experience, potentially increasing sales and customer satisfaction.
Edible Garden, a leader in controlled environment agriculture, announced the implementation of proprietary 'shrink savings' innovations for its basil products. These packaging and shipping improvements aim to reduce spoilage and prolong shelf life, aligning with the company's Zero-Waste Inspired® mission. CEO Jim Kras emphasized the competitive advantage of these innovations, which will be introduced at the annual sales meeting on June 20, 2024. The company believes these measures will enhance its reputation as a reliable partner and drive cost savings for retailers.
Edible Garden AG announced the availability of its Pulp sustainable and fermented products at a major big box retailer's locations across the Midwest. This marks a significant expansion following a successful initial soft launch. CEO Jim Kras stated the broad rollout validates strong customer and retail appeal due to the products' unique flavors. This expansion strengthens Edible Garden's market position as 'The Flavor Maker' in the food industry.
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