Edible Garden AG Inc

Edible Garden AG, Inc. is a controlled environment agriculture (CEA) farming company, which engages in the usage of traditional agricultural growing techniques together with technology to grow organic food. Its products include lettuces, potted herbs, and cut herbs. The company was founded by James E. Kras and Michael C. James on March 28, 2020 and is headquartered in Belvidere, NJ.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Edible Garden AG Inc reports stellar Q2 results and eyes market expansion

Edible Garden AG Inc (EDBL) delivered impressive financial performance in Q2 2024, with substantial profit growth and margin improvement.
The company's strengths lie in its focus on sustainability, innovative partnerships, and commitment to social responsibility, positioning it well for future growth.
While facing challenges in a competitive market and operational scalability, Edible Garden can leverage market opportunities and product diversification for continued success.

Edible Garden AG Inc reports strong Q3 performance and growth opportunities

Edible Garden AG Inc's Q3 2024 performance reflected strong sales growth in cut herbs, strategic financial management, and investment in growth initiatives.
While facing challenges in revenue decline and operational adjustments, the company's strengths in partnerships, innovation, and cost management offer opportunities for future growth.
With a focus on streamlining operations, expanding product lines, and maintaining market confidence, Edible Garden AG Inc is poised for continued growth and success.

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BELVIDERE, N.J., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, announced today that it has entered into an agreement with a single institutional investor that is an existing holder of its warrants wherein the investor agreed to exercise 8,330,000 outstanding Class B Warrants (the “Existing Warrants”) to purchase an aggregate of 8,330,000 shares of common stock for cash at the exercise price of $0.36 per share. These warrants were previously issued in a public offering which closed in September 2024.

Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross Proceeds

Exceeded Company's Expectations, Demonstrates Value Delivered to Customers Record Sales Fueled by Increased Focus on Core Strengths and Industry-Leading Fulfillment Rates BELVIDERE, NJ, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that the Company experienced a 51% year-over-year increase in preliminary sales results for the Thanksgiving time-period.1 Jim Kras, Chief Executive Officer of Edible Garden, remarked, "We are thrilled with the Company's performance this Thanksgiving time period, marked by record-breaking sales that reflect a 51% year-over-year increase. This achievement highlights the growing demand for our fresh, sustainable products.

Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Surge 51% in 2024

Company Will Introduce its Pickle Party - Kosher, Non-GMO, Product Line Company Will Introduce its Pickle Party - Kosher, Non-GMO, Product Line

Edible Garden to Showcase USDA Organic Produce and Sustainable Initiatives at 2024 New York Produce Show and Conference, December 11, 2024

BELVIDERE, NJ, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that it has expanded distribution of its USDA Organic herb product line to include additional Key Food, City Supermarket and Lincoln Market locations.

Edible Garden Drives Distribution of USDA Organic Herbs at Additional Key Food, City Supermarket and Lincoln Market Locations in NY Metropolitan Area

20-year digital marketing veteran brings proven expertise to drive growth and innovation through strategic digital initiatives 20-year digital marketing veteran brings proven expertise to drive growth and innovation through strategic digital initiatives

Dario Pressimone Joins Edible Garden as Vice President of Digital and E-Commerce

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Ted Ayvas - Crescendo Communications, IR Jim Kras - Chief Executive Officer Kostas Dafoulas - Interim Chief Financial Officer Conference Call Participants Anthony Vendetti - The Maxim Group Operator Good morning. And welcome to the Edible Garden AG Incorporated's 2024 Third Quarter Business Update.

Edible Garden AG Incorporated (EDBL) Q3 2024 Earnings Call Transcript

Healthy Core Business Operations - Year-to-Date Cut Herbs Sales Up 55% and Pulp Sales Up; Momentum Expected to Continue into 2025

Edible Garden Reports a 324% Year-Over-Year Increase in Gross Profit for Nine-Month Period Ending September 2024

Company's Zero-Waste Inspired® mission aligns with USDA organic certification goals Company's Zero-Waste Inspired® mission aligns with USDA organic certification goals

Edible Garden Receives USDA Grants to Support Organic Certification Research & Development at Belvidere, New Jersey, and Grand Rapids Michigan Facilities

Company to introduce sustainably focused, kosher, Non-GMO Pickle Party product line; leading the way in the fresh condiments category with cleaner and better-for-you ingredients Company to introduce sustainably focused, kosher, Non-GMO Pickle Party product line; leading the way in the fresh condiments category with cleaner and better-for-you ingredients

Edible Garden Hosts ‘Pickle Party' at the 2024 Global Produce & Floral Show at the Georgia World Congress Center in Atlanta, Georgia, October 18th – 19th

BELVIDERE, NJ, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it received notice from The Nasdaq Stock Market on October 9, 2024, indicating that Edible Garden had regained compliance with the minimum stockholders' equity requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(1).

Edible Garden Regains Compliance with Nasdaq Continued Listing Requirements

Enhances current H Mart distribution by incorporating the Southeast region; underscores a shared commitment to delivering quality, sustainability, and the freshest products Enhances current H Mart distribution by incorporating the Southeast region; underscores a shared commitment to delivering quality, sustainability, and the freshest products

Edible Garden's USDA Organic Herb Line Now Shipping to H Mart Stores

BELVIDERE, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced the closing of its previously announced public offering of an aggregate of 15,700,650 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 15,700,650 shares of common stock, and Class B warrants to purchase up to 15,700,650 shares of common stock, at a combined public offering price of $0.36 per share (or $0.35 per pre-funded warrant) and accompanying warrants. The warrants have an exercise price of $0.36 per share, and were exercisable immediately upon issuance. The Class A warrants will expire on the fifth anniversary of the original issuance date, and the Class B warrants will expire on the eighteen-month anniversary of the original issuance date. Gross proceeds, before deducting placement agent fees and offering expenses, were approximately $5.65 million.

Edible Garden Announces Closing of $5.65 Million Public Offering

BELVIDERE, N.J., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced the pricing of a public offering of an aggregate of 15,700,650 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 15,700,650 shares of common stock, and Class B warrants to purchase up to 15,700,650 shares of common stock, at a combined public offering price of $$0.36 per share (or $0.35 per pre-funded warrant) and accompanying warrants. The warrants will have an exercise price of $0.36 per share, will be exercisable immediately upon issuance. The Class A warrants will expire on the fifth anniversary of the original issuance date, and the Class B warrants will expire on the eighteen-month anniversary of the original issuance date. The closing of the offering is expected to occur on or about September 30, 2024, subject to the satisfaction of customary closing conditions. Gross proceeds, before deducting placement agent fees and offering expenses, are expected to be approximately $5.65 million.

Edible Garden Announces Pricing of $5.65 Million Public Offering

BELVIDERE, NJ, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that its USDA Organic herb product line is now available at Green's Natural Foods and The Extra Supermarket in New York and New Jersey.

Edible Garden USDA Organic Herb Product Line Now Available at Green's Natural Foods and The Extra Supermarket Locations

BELVIDERE, NJ, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it will exhibit its Kick Sports Nutrition product line at ECRM's Vitamin, Weight Management & Sports Nutrition Session at the PGA National Resort & Spa, Palm Beach Gardens, September 8th-September 11th.

Edible Garden to Showcase Kick Sports Nutrition Product Line at ECRM's Vitamin, Weight Management & Sports Nutrition Session at the PGA National Resort & Spa, Palm Beach Gardens September 8th - September 11th

Edible Garden (NASDAQ: EDBL ) stock is up on Wednesday after the agriculture farming company announced its earnings results for the second quarter of the year. Edible Garden reported diluted earnings per share of -$1.21 for the quarter.

Why Is Edible Garden (EDBL) Stock Up 10% Today?

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Ted Ayvas - Investor Relations James Kras - Chief Executive Officer Kostas Dafoulas - Interim Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Good morning, everyone and welcome to the Edible Gardens Second Quarter 2024 Business Update Conference Call. At this time, all participants have been placed on a listen-only mode.

Edible Garden AG Incorporated (EDBL) Q2 2024 Earnings Call Transcript

Plans to Develop More Cutting-Edge Formulas and Creative Flavors through Partnership with Nutracom Plans to Develop More Cutting-Edge Formulas and Creative Flavors through Partnership with Nutracom

Edible Garden Reports Preliminary 30% Year-over-Year Sales Growth in Vitamins and Supplements for the Second Quarter of 2024

Aligns with the Company's mission to offer locally grown produce and promote smaller local stores Aligns with the Company's mission to offer locally grown produce and promote smaller local stores

Edible Garden Products Now Available at Seasons Kosher and New Lincoln Market Locations

High Fulfillment Rate During the Period, 99%, and Reduced Dependence on Third-Party Growers Keys to Success High Fulfillment Rate During the Period, 99%, and Reduced Dependence on Third-Party Growers Keys to Success

Edible Garden Achieves Over 44% Year-Over-Year Increase in Preliminary Overall Produce Sales Results During Key July 4th Time Period

Experience the innovative flavors of Pulp yourself at Booth #117 at the 2024 Organic Produce Summit today at the Monterey Conference Center Experience the innovative flavors of Pulp yourself at Booth #117 at the 2024 Organic Produce Summit today at the Monterey Conference Center

Edible Garden, ‘The Flavor Maker,' Transforming the Fresh Condiments Product Category with Pulp Flavors Line of USDA Organic, Fermented & Sustainable Gourmet Sauces and Chili-Based Products

Company reaffirms commitment to community involvement, local investment, and leadership in ESG and sustainability initiatives Company reaffirms commitment to community involvement, local investment, and leadership in ESG and sustainability initiatives

Edible Garden Institutes Comprehensive Training Program with Abilities of Northwest Jersey Inc.

Designed to offer retail partners an improved and more efficient way to display the Company's herbs Designed to offer retail partners an improved and more efficient way to display the Company's herbs

Edible Garden Introduces Integrated Rack Program with Hemingways

BELVIDERE, NJ, June 03, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that its full line of products, including its new line of Pulp sustainable gourmet sauces and chili-based products, are available at all Brooklyn Fare New York City locations.

Edible Garden Full Product Line Now Available at All Brooklyn Fare New York City Locations

Further validates Edible Garden's Zero-Waste Inspired® mission to deliver safe & sustainably grown produce to its customers

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