EDBL EDIBLE GARDEN AG INC

Edible Garden Begins Shipping ‘Garden Starters’ in Time for Spring Planting Season

Edible Garden Begins Shipping ‘Garden Starters’ in Time for Spring Planting Season

Potted Herbs and Basil Bowls Available for Home Gardening Enthusiasts

Sustainably driven Edible Garden Heartland facility in Grand Rapids, Michigan to manage the entire production, packaging, and distribution process

Strategic use of backhauls and leveraging Edible Garden Heartland can significantly reduce CO2 emissions

BELVIDERE, NJ, April 29, 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 shipping 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, has begun to retail locations across the Midwest, beginning with Meijer.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are excited to begin shipping our ‘Garden Starters,’ beginning with all Meijer stores across the Midwest, which is perfectly timed with the spring planting season. In 2023, we introduced this product in response to the increased demand for our potted herbs, which are ideal for home gardening. Given that 35% of American households cultivate some of their own food, our sustainably grown herbs and produce are becoming favored options for those seeking to enhance the flavors of their meals. Thanks to the vertical integration at our advanced, Edible Garden Heartland facility in Grand Rapids, Michigan, the Company will manage the entire production, packaging, and distribution process for the 'Garden Starters' program from just this one facility. By placing potted herbs in the same supermarket section as our cut herbs and sustainably cultivated produce, we aim to offer maximum convenience to our customers.”

“We view the period from Mother's Day to Memorial Day as the optimal time for consumers to set up their gardens, and we are seizing this spring planting opportunity with the launch of our ‘Garden Starters.’ These products are sustainable, and by making strategic use of backhauls and leveraging our Edible Garden Heartland facility, we believe we can significantly reduce our CO2 emissions—a win not only for our Company but, more crucially, for the environment. We believe ‘Garden Starters’ presents both the Company and its retail partners with an incremental sales opportunity, and we look forward to rolling out this product to other retail partners across the United States.” 

ABOUT EDIBLE GARDEN®

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 Edible Garden go to

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict including with respect to the Company’s growth strategies, financial performance, expansion into new distribution networks, and performance as a public company. The words “aim,” “believe,” “can,” “objective,” “opportunity,” “potential,” “seek,” “will,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions, the Company’s ability to achieve its growth objectives, and other factors set forth in the Company’s filings with the Securities and Exchange Act Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2023. Actual results might differ materially from those explicit or implicit in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

Investor Contacts:

Crescendo Communications, LLC

212-671-1020



EN
29/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on EDIBLE GARDEN AG INC

 PRESS RELEASE

Edible Garden Reports Significant 27.6% Year-Over-Year Revenue Growth ...

Edible Garden Reports Significant 27.6% Year-Over-Year Revenue Growth for First Quarter of 2024 195.8% Gross Profit Increase in Q1 2024 with Gross Margin Increasing by 171 Basis Points 95% of Edible Garden Fresh Product Line Being Produced at Company-Owned Facilities - Strategic Pivot Away from Third-Party Growers Marks a Turn Toward Higher Expected Profits Vertical Integration Expected to Pay Off - Company Plans to Boost Margins in the Coming Quarters Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J., May 15, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edi...

 PRESS RELEASE

Edible Garden Schedules First Quarter 2024 Financial Results and Busin...

Edible Garden Schedules First Quarter 2024 Financial Results and Business Update Conference Call BELVIDERE, NJ, May 08, 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 will host a conference call on Wednesday, May 15, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter ended March 31, 2024, and provide a business update. The conference call will be available via ...

 PRESS RELEASE

Edible Garden Announces Product Development Agreement with Hermann Pic...

Edible Garden Announces Product Development Agreement with Hermann Pickle Company R&D partnership focused on next-generation fermented product development Strategy to leverage Edible Garden’s credibility in produce for new product expansion BELVIDERE, NJ, May 07, 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 has entered into a product development agreement (the “Agreement”) with Herm...

 PRESS RELEASE

Edible Garden Begins Shipping ‘Garden Starters’ in Time for Spring Pla...

Edible Garden Begins Shipping ‘Garden Starters’ in Time for Spring Planting Season Potted Herbs and Basil Bowls Available for Home Gardening Enthusiasts Sustainably driven Edible Garden Heartland facility in Grand Rapids, Michigan to manage the entire production, packaging, and distribution process Strategic use of backhauls and leveraging Edible Garden Heartland can significantly reduce CO2 emissions BELVIDERE, NJ, April 29, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agricultur...

 PRESS RELEASE

EY Announces Jim Kras, CEO of Edible Garden AG Incorporated as an Entr...

EY Announces Jim Kras, CEO of Edible Garden AG Incorporated as an Entrepreneur Of The Year® 2024 New Jersey Award Finalist Entrepreneur Of The Year celebrates ambitious entrepreneurs who are shaping the future Iselin, NJ, April 23, 2024 (GLOBE NEWSWIRE) -- Ernst & Young LLP today announced that Jim Kras, CEO of Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW) was named an Entrepreneur Of The Year® 2024 New Jersey Award finalist. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for audacious leaders who disr...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch