Edible Garden AG rporated(EDBL)

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Edible Garden AG rporated(EDBL) - 2025 Q1 - Quarterly Report
2025-05-15 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41371 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) Delaware 85-0558704 (State or other jurisdiction of incorporation or organization) ( ...
Edible Garden AG rporated(EDBL) - 2025 Q1 - Earnings Call Transcript
2025-05-15 13:00
Edible Garden AG (EDBL) Q1 2025 Earnings Call May 15, 2025 08:00 AM ET Speaker0 Good morning, everyone, and welcome to the Edible Garden AG Incorporated twenty twenty five First Quarter Business Update Conference. At this time, all participants are in a listen only mode and the floor will be open for questions following the presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Ted Avas, Investor Relations at Crescendo Communications. Ted, the floor is ...
Edible Garden AG rporated(EDBL) - 2025 Q1 - Quarterly Results
2025-05-15 11:45
EX-99.1 2 edbl_ex991.htm PRESS RELEASE EXHIBIT 99.1 Edible Garden Reports Q1 2025 Financial Results and Provides Strategic Update Non-Perishable Revenue Grows 15%; Gross Profit Nearly Quadruples Year-over-Year as Company Shifts Focus to Higher Margin, Shelf-Stable Of erings Strategic Product Mix Realignment Driving Operational Ef iciency and Margin Expansion Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, NJ, May 15, 2025 — Edible Garden AG Incorporated ("Edible Garden" or the "Company") (Nasdaq: ...
Edible Garden Reports Q1 2025 Financial Results and Provides Strategic Update
GlobeNewswire· 2025-05-15 11:30
Non-Perishable Revenue Grows 15%; Gross Profit Nearly Quadruples Year-over-Year as Company Shifts Focus to Higher Margin, Shelf-Stable Offerings Strategic Product Mix Realignment Driving Operational Efficiency and Margin Expansion Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J., May 15, 2025 (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 pr ...
Edible Garden Strengthens Balance Sheet and Expands R&D Through $12 Million Acquisition of Sustainable Farming Assets of NaturalShrimp Farms Inc.
GlobeNewswire· 2025-05-14 21:15
Core Insights - Edible Garden AG Incorporated has acquired assets from NaturalShrimp Farms Inc. for $12 million in preferred stock, enhancing its balance sheet and increasing shareholder equity [1][3] - The acquisition includes patented water treatment technologies and a shrimp farming facility, which will support Edible Garden's sustainability initiatives and vertically integrated model [1][2] Financial Impact - The transaction strengthens Edible Garden's financial position by adding $3 million in cash through a private placement, with a total investment in preferred stock reaching $15.5 million [1][3] - The acquisition is structured to avoid additional debt, aligning with the company's capital-efficient growth strategy [3] Strategic Initiatives - The patented water treatment technology is expected to improve agricultural efficiency and sustainability across Edible Garden's controlled environment agriculture (CEA) operations [2][3] - The Iowa facility is anticipated to serve as a scalable platform for advanced research and expanded herb production, reinforcing the company's leadership in sustainable food production [3] Collaborations and Innovations - Edible Garden collaborates with organizations like the EPA and FDA, yielding results such as a 55% increase in crop yield and a 30% reduction in harvest cycle duration through nanobubble irrigation trials [4] - The company is recognized as a "Giga-Guru" in Walmart's Project Gigaton initiative, aiming to eliminate one billion metric tons of emissions from the global supply chain by 2030 [4] Market Position - Edible Garden is positioned as a leader in controlled environment agriculture, with its products available in over 5,000 stores across the US, Caribbean, and South America [7] - The company has been named a Top 50 company in the 2024 FoodTech 500 by Forward Fooding, highlighting its impact at the intersection of food, technology, and sustainability [4][7]
Edible Garden Schedules First Quarter 2025 Financial Results and Business Update Conference Call
GlobeNewswire· 2025-05-08 13:00
BELVIDERE, NJ, May 08, 2025 (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 Thursday, May 15, 2025, at 8:00 AM Eastern Time to discuss financial results for the 2025 first quarter and provide a business update. The conference call will be available via telephone by dialing toll-fre ...
Edible Garden Expands Distribution of Fresh, Sustainably Grown Herbs Across New York
GlobeNewswire News Room· 2025-04-29 12:30
BELVIDERE, NJ, April 29, 2025 (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 expanded the distribution of its sustainably grown herb product line to additional Stop & Shop retail locations across New York. "We are excited to build on our commitment to servicing Stop & Shop by making our sustainably grown h ...
Edible Garden Brings the Pickle Party - Preorders Ramp Ahead of Summer Grilling Season; Fresh & Fermented Pickles with Preorders at Foodtown and Lincoln Market
GlobeNewswire· 2025-04-16 13:00
BELVIDERE, NJ, April 16, 2025 (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 preorders are now coming in for its highly anticipated Pickle Party product line—the world's first functional pickle. Being introduced at Foodtown and Lincoln Market locations across the NY/NJ Metro region, Pickle Party arrives just ahea ...
Edible Garden Brings the Pickle Party - Preorders Ramp Ahead of Summer Grilling Season; Fresh & Fermented Pickles with Preorders at Foodtown and Lincoln Market
Newsfilter· 2025-04-16 13:00
BELVIDERE, NJ, April 16, 2025 (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 preorders are now coming in for its highly anticipated Pickle Party product line—the world's first functional pickle. Being introduced at Foodtown and Lincoln Market locations across the NY/NJ Metro region, Pickle Party arrives just ahea ...
Edible Garden Signs Exclusive Distribution Agreement with Midwest Retailer
Newsfilter· 2025-04-14 13:00
Joins Forces with Berkot's to Leverage Patented Self-Watering Display Technology to Drive Freshness & Reduce Shrink Edible Garden to bring the "Pickle Party" to the Midwest BELVIDERE, NJ, April 14, 2025 (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 signing of an exclusive two-year vendor supply agreement (VSA) w ...