Dr. Greenthumb

Edible Garden Reports 19.4% Year-Over-Year Revenue Growth for Third Quarter of 2023

Retrieved on: 
Monday, November 13, 2023
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Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are pleased to report year-over-year revenue growth of 19.4% for the third quarter of 2023.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are pleased to report year-over-year revenue growth of 19.4% for the third quarter of 2023.
  • Additionally, Edible Garden is enhancing its infrastructure and refining its data analytics capabilities, as we pursue opportunities to boost profit margins.
  • As an example, we partnered with Woodman’s Markets, which introduced Edible Garden produce and products to their 19 stores throughout Wisconsin and Illinois.
  • During the third quarter, Edible Garden introduced EG Direct, which is dedicated to sourcing and supplying partner-grown produce to its retail distribution network partners.

Edible Garden Rolls Out Fall Floral and Ornamental Shipments from Its New Edible Garden Heartland Facility in Grand Rapids, Michigan

Retrieved on: 
Friday, September 22, 2023
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BELVIDERE, NJ, Sept. 22, 2023 (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 begun shipping fall ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.

Key Points: 
  • BELVIDERE, NJ, Sept. 22, 2023 (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 begun shipping fall ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to kick off shipments of tens of thousands of fall ornamentals from our new Edible Garden Heartland facility in Grand Rapids, Michigan, just in time for the fall gardening season.
  • Our offerings include mums, a favorite from last year, and marigolds, a fresh addition for 2023.
  • We believe we are making the most of the expanded growing capacity that our Edible Garden Heartland facility provides, enhancing our ornamental business within our existing distribution network, as well as expanding our ornamental offerings to potential customers outside our network.

Edible Garden Capitalizes on Distribution Platform with Launch of EG Direct Division

Retrieved on: 
Friday, August 11, 2023
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BELVIDERE, NJ, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced the launch of EG Direct, a division of Edible Garden. This new division will source and provide, partner produce to the Company's retail distribution network partners.

Key Points: 
  • BELVIDERE, NJ, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced the launch of EG Direct, a division of Edible Garden.
  • This new division will source and provide, partner produce to the Company's retail distribution network partners.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, “I am excited to announce the launch of EG Direct, a division of Edible Garden.
  • By continually exceeding partner expectations, we believe our retailers recognize Edible Garden as a reliable, trustworthy source of produce.

Edible Garden Reports Record Year-Over-Year Revenue Growth of 41.4% for Second Quarter of 2023

Retrieved on: 
Thursday, August 10, 2023
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BELVIDERE, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today provided a business update and reported financial results for the three months ended June 30, 2023.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are excited to report record year-over-year revenue growth of 41.4% for the second quarter of 2023.
  • Edible Garden has always stood out for its consistently high level of execution, a feature that sets the Company apart from our competition.
  • Moreover, with the launch of Edible Garden Heartland in April 2023, we anticipate even further positive impacts on our margins.
  • Our record revenue for the second quarter, along with the increase in gross profit and profit margins, suggests that our strategy is working.

Edible Garden Introduces GreenThumb 2.0 Patented, Proprietary Greenhouse Management Software

Retrieved on: 
Wednesday, July 19, 2023
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BELVIDERE, NJ, July 19, 2023 (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 launch of GreenThumb 2.0, an enhanced version of the Company’s proprietary, cloud-based, GreenThumb greenhouse management and demand planning system, which provides the ability to manage goods throughout the entire supply chain.

Key Points: 
  • BELVIDERE, NJ, July 19, 2023 (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 launch of GreenThumb 2.0, an enhanced version of the Company’s proprietary, cloud-based, GreenThumb greenhouse management and demand planning system, which provides the ability to manage goods throughout the entire supply chain.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, “I am pleased to announce the launch of GreenThumb 2.0, the next generation of our advanced, state-of-the-art, greenhouse management system.
  • With an improved degree of automation, this upgraded system offers us a substantial enhancement in dynamic forecasting abilities, making the most efficient use of real-time data.
  • In addition, GreenThumb 2.0 now features an upgraded purchase order screen, enabling seamless integration and consolidation of all purchase order data from Oracle's Netsuite platform.

Edible Garden Rolls Out “Garden Starters” Initiative; Provides New Sales Opportunity for the Company

Retrieved on: 
Wednesday, May 17, 2023
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BELVIDERE, NJ, May 17, 2023 (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 launch of Garden Starters, a featured display for the Company’s potted herbs and basil bowls that can be planted in a consumer’s home garden, at all Meijer retail locations across the Midwest as well as all Wakefern/Shoprite retail locations across the Northeast.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are excited to broaden our Garden Starters distribution to all Wakefern/Shoprite retail locations throughout the Northeast.
  • Garden Starters presents an opportunity for consumers to purchase Edible Garden potted herbs for their home gardens.
  • Furthermore, Edible Garden will enhance the launch with tailor-made tower displays for each retailer location.
  • We believe this is an incremental sales opportunity for our retail partners and an opportunity for Edible Garden to further increase revenue.”

Edible Garden Begins Shipping Spring Ornamentals Grown in the New Edible Garden Heartland Facility in Grand Rapids, Michigan

Retrieved on: 
Monday, May 1, 2023
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BELVIDERE, NJ, May 01, 2023 (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 begun shipping spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.

Key Points: 
  • BELVIDERE, NJ, May 01, 2023 (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 begun shipping spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.
  • The lineup of spring ornamentals includes various-sized hanging baskets of petunias, geraniums, impatiens, begonias, dahlias, and other accent plants.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to have begun shipping spring ornamentals from our new Edible Garden Heartland facility, in time for Mother’s Day, which is arguably one of the biggest days in the floral industry.
  • Given the anticipated higher-margin nature of ornamentals, we expect that our efforts to expand this business segment will positively impact the Company's overall margins and move us closer to becoming cash flow positive by year's end.”

Edible Garden Demonstrates Leadership Position and Commitment to Food Safety Including Food Safety Research Study Collaboration with Auburn University

Retrieved on: 
Tuesday, April 18, 2023
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Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “Consumers demand food that is not only nutritious and sustainably produced but, most importantly, safe to consume.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “Consumers demand food that is not only nutritious and sustainably produced but, most importantly, safe to consume.
  • While no company is immune to potential risks, Edible Garden has consistently positioned itself at the forefront of the industry.
  • In line with this commitment, Edible Garden actively engages with The Global Food Safety Initiative (GFSI), an industry-driven initiative providing thought leadership and guidance on essential food safety management systems to maintain safety across the supply chain.
  • Furthermore, GreenThumb helps us manage our daily operations more efficiently.”
    “Edible Garden's dedication to food safety also encompasses a broad range of forward-thinking research initiatives.

Edible Garden Named a Top Global FoodTech Company in the 2022 FoodTech 500 Rankings

Retrieved on: 
Thursday, March 2, 2023
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BELVIDERE, NJ, March 02, 2023 (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, announces that it has been named a FoodTech 500 company by Forward Fooding , a leading AgriFoodTech organization.

Key Points: 
  • BELVIDERE, NJ, March 02, 2023 (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, announces that it has been named a FoodTech 500 company by Forward Fooding , a leading AgriFoodTech organization.
  • The FoodTech 500 is a respected list that recognizes the top global entrepreneurial companies in the food, technology, and sustainability sectors.
  • After assessing more than 2000 companies from over 50 countries, Edible Garden ranked in the top 100 based on three criteria: business size, digital footprint, and sustainability practices.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden commented, "We are honored to be recognized among the best AgriFoodTech companies in the world in this year’s FoodTech500 final rankings.

Edible Garden Completes Phase One Buildout of Edible Garden Heartland Ahead of Schedule

Retrieved on: 
Thursday, December 15, 2022
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“When we purchased the facility, there was an existing, legacy floral business that came with it. We recently commenced shipping the poinsettias grown at Edible Garden Heartland in time for the holiday season, providing the Company with a new, additional revenue stream.  Edible Garden is not just another CEA company--we are a Company steeped in horticultural tradition, while at the forefront of technology and innovation, evidenced by our patented, advanced technologies and processes. Most of all, this facility supports our mission of providing Zero-Waste Inspired®, Simply Local, Simply Fresh® produce and products to our Midwest distribution partners and beyond.” 

Key Points: 
  • BELVIDERE, NJ, Dec. 15, 2022 (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 provided an update on the buildout of its Edible Garden Heartland greenhouse facility in Grand Rapids, Michigan.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “I am happy to report that first phase of our buildout of the Edible Garden Heartland greenhouse in Grand Rapids, Michigan has been completed ahead of schedule.
  • This initial phase included installation of our proprietary grow system, and we have already commenced initial production.
  • The words “design,” “expect,” “intend,” “mission,” “objective,” “seek,” “strategy,” “will,” and similar expressions are intended to identify forward-looking statements.