Advanced Technologies and Strategic Partnerships Accelerate Sustainable Agriculture Efforts Zero-Waste Inspired® Mission Continues to Drive Innovation in Controlled Environment Agriculture BELVIDERE, NJ, Jan. 30, 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 shared the latest advancements in its sustainability efforts, h ...

Edible Garden’s 2024 Project Gigaton Impact Edible Garden’s 2024 Project Gigaton Impact Advanced Technologies and Strategic Partnerships Accelerate Sustainable Agriculture Efforts Zero-Waste Inspired® Mission Continues to Drive Innovation in Controlled Environment Agriculture BELVIDERE, NJ, Jan. 30, 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 ...

Recognized as the Number One Pizzeria in the World for the Second TimeBELVIDERE, NJ, Jan. 28, 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 the Company is supplying Una Pizza Napoletana, one of the most celebrated pizzerias in the world with Edible Garden’s premium, local and sustainably grown basil. Una Pi ...

BELVIDERE, NJ, Jan. 28, 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 the Company is supplying Una Pizza Napoletana, one of the most celebrated pizzerias in the world with Edible Garden's premium, local and sustainably grown basil. Una Pizza Napoletana, founded by Anthony Mangieri, is a globally renowned pi ...

BELVIDERE, NJ, Jan. 21, 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 will be presenting at the upcoming Sequire Investor Summit 2025, scheduled for January 21st-23rd, 2025, at Condado Vanderbilt Hotel in San Juan, Puerto Rico. "Edible Garden is pleased to present at the 2025 Sequire Investor Summit in P ...

Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [1] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, with a network of contract growers strategically located near major U.S. markets [1] - Edible Garden's products are available in over 5,000 stores across the U.S., Caribbean, and South America [1] - The company utilizes proprietary GreenThumb 2.0 software to optimize growing conditions in vertical and traditional greenhouses, aiming to reduce pollution-generating food miles [1] - Edible Garden has patented Self-Watering displays designed to increase plant shelf life and enhance in-store plant display experiences [1] - The company is recognized as a FoodTech 500 company by Forward Fooding and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative [1] - Edible Garden also develops ingredients and proteins, offering plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as a sports nutrition line called Kick. Sports Nutrition [1] Product Launch: Kick. Sports Nutrition - Edible Garden announced the planned launch of its new "Better for You" product line, Kick. Sports Nutrition, exclusively on Amazon in Q1 2025 [3] - The product line includes clean-label sports nutrition solutions such as protein powders, plant-based proteins, pre-workout and post-workout formulas, and hydration products [4] - Kick. Sports Nutrition is designed to meet the needs of modern athletes seeking high-quality, personalized nutrition that supports peak performance while aligning with dietary preferences and active lifestyles [4] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a significant growth opportunity for the product line [4] - The company has partnered with Pirawna, experts in optimizing Amazon workflows, to ensure a strong market debut for Kick. Sports Nutrition [3][6] - Pirawna's strategies include programmatic targeting and aggressive competitor keyword optimization, aiming to deliver impactful and measurable results for the product launch [6] Strategic Partnerships and Market Positioning - Edible Garden's partnership with Pirawna leverages their expertise in Amazon workflows, with Pirawna managing over $500 million in annual Amazon revenue and having a track record of success with leading sports nutrition brands [6] - The company aims to make high-quality sports nutrition products accessible to a broader audience, aligning with its mission to provide sustainable and functional products [6] - Edible Garden's CEO, Jim Kras, emphasized that Kick. Sports Nutrition addresses the changing priorities of athletes, offering affordable, clean-label options that enhance performance and prioritize natural ingredients [6] Industry Context - The sports nutrition market is rapidly expanding, driven by increasing demand for natural, convenient, and affordable options [4] - Edible Garden's entry into this market with Kick. Sports Nutrition positions the company to capitalize on this growth trend, particularly with its focus on clean-label and sustainable products [4][6]

Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [5] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, with a network of contract growers near major U.S. markets [5] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative [5] Product Launch - Edible Garden plans to launch its new "Better for You" product line, Kick. Sports Nutrition, exclusively on Amazon in Q1 2025 [1][3] - The Kick. Sports Nutrition line includes clean-label sports nutrition solutions such as protein powders, plant-based proteins, and hydration products, catering to modern athletes' needs [2][3] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a significant opportunity for the new product line [2] Strategic Partnerships - The launch is supported by a partnership with Pirawna, experts in optimizing Amazon workflows, to ensure a strong market entry [3][4] - Pirawna manages over $500 million in annual Amazon revenue and has a track record of success in the sports nutrition sector [4] Market Positioning - Kick. Sports Nutrition aims to provide premium performance products at an affordable price, addressing the evolving preferences of athletes for personalized and clean-label options [3] - The product line is designed to support athletes across various disciplines, including weight training, basketball, and cross-country running [3]

Growth Strategy - The Narayan Group's growth strategy includes entry into the United States and Canadian markets, as well as strategic acquisitions in the food segment [1] - The company expects to achieve combined revenues exceeding $60 million in 2025 through its integration with Edible Garden's North American distribution network [5] Financial Performance - The Narayan Group reported a net profit of $0.942 million and EBITDA of $3.0 million for the year ended December 31, 2023 [3] - Net sales revenue grew from $12.1 million in 2020 to $26.9 million in 2023, with expected annual revenue of approximately $31.5 million for 2024 [6][4] - The company generated over $22 million in revenue during the first nine months of 2024, with Q4 revenue expected to exceed $9.5 million [4] Product Segments - The Narayan Group operates in two core food product segments: Organic Coconut and Superfoods Products [11] - Organic coconut products include virgin and refined coconut oils, coconut flour, coconut sugar, and coconut syrup, available in various packaging and flavors [12] - Superfoods products include spices, grains, seeds, nuts, cereals, fruits, syrups, ready-to-cook meals, and toppings such as quinoa, chia seeds, and goji berries [18] Market Reach - The Narayan Group's products are sold in over 75,000 retail stores globally, primarily within the EU, and are distributed by major retailers like Lidl, Kaufland, and Aldi [10] - The company ranks among the top 1,000 global suppliers to Schwarz Group (Lidl & Kaufland) and Aldi, which are ranked 3 and 4 in global food retail by international revenues [10] Strategic Transaction with Edible Garden - Edible Garden signed a non-binding LOI to acquire 100% of Narayan Group's share capital, with the transaction expected to close subject to due diligence and financing conditions [4][8][9] - The combined entity aims to leverage Narayan's European market leadership and Edible Garden's CEA technology to expand in North America and Europe [7] - The transaction is expected to drive operational efficiencies, cross-selling opportunities, and scalable growth in the organic and sustainable food market [7] Financial Reporting - The Narayan Group uses non-IFRS financial measures, including EBITDA, to complement its IFRS reporting and provide insights into operational performance [3] - Financial statements are prepared in accordance with IFRS, while Edible Garden follows GAAP, with differences between the two standards noted [14][20]

Core Insights - Edible Garden AG Incorporated has launched an innovative customer service platform that complements its Green Thumb 2.0 greenhouse management system, aimed at enhancing operational efficiency for small to medium-sized retailers [1][2][3] - The new platform simplifies preorder and standing order management while improving delivery routing, supporting the company's Zero-Waste Inspired® mission and ensuring greenhouse-to-grocer product delivery within 24 hours [2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with its products available in over 5,000 stores across the U.S. [4] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, and has a network of contract growers strategically located near major U.S. markets [4] - Edible Garden utilizes patented technologies such as the GreenThumb 2.0 software and self-watering displays to optimize growing conditions and enhance product shelf life [4] Commitment to Sustainability - The company emphasizes its commitment to sustainability through its Zero-Waste Inspired® mission, which aims to reduce waste and promote sustainable practices in agriculture [2][3] - Edible Garden's initiatives include the use of sustainable packaging and safety-in-farming protocols, contributing to a more sustainable supply chain [4]

Core Insights - Edible Garden AG Incorporated reported over 45% year-over-year increase in preliminary herbs and produce sales during the key holiday period [1][2] - The company experienced a record-breaking Thanksgiving period with preliminary sales increasing by more than 50% compared to the previous year [2] - Edible Garden's distribution network includes over 5,000 retail locations, partnering with major retailers such as Walmart and Target [2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [3] - Edible Garden utilizes patented technologies such as GreenThumb software and self-watering displays to enhance product quality and sustainability [3] Performance Metrics - Fulfillment rate is a key performance metric for the company, defined as the percentage of orders filled in full relative to total orders received [4] - The company emphasizes its high fulfillment rates as a cornerstone of its success and reliability as a supplier [2][4] Financial Disclosures - Preliminary financial data is based on estimates and is subject to internal review, not reflecting the complete financial results for the quarter [6][7] - The reported sales figures for herbs and produce do not include revenue from vitamins and supplements, indicating that overall revenue may differ [6][7]