Edible Garden AG rporated(EDBL)
Search documents
Edible Garden to Feature Hydroponic Basil, Pulp, and Pickle Party® at the NY Produce Show at the Jacob Javits Center in New York City on December 3
Globenewswire· 2025-12-02 14:15
Core Insights - Edible Garden AG Incorporated is participating in the 2025 New York Produce Show and Conference, showcasing its Hydroponic Basil and expanding product lines, including Pulp fermented sauces and Pickle Party® [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [4] - It has state-of-the-art greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Product Offerings - The company offers a range of products, including Hydroponic Basil, Pulp fermented sauces, Pickle Party® fresh fermented products, and nutrition lines like Vitamin Way® and Vitamin Whey® [7] - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing conditions and reduces food miles, while its patented Self-Watering display enhances plant shelf life [5] Market Position - Edible Garden has established itself as a leader in the Metropolitan New York market, achieving high delivery rates and service consistency, outperforming many competitors [3] - The company has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6]
Edible Garden Products Now Carried by George’s Plants, Along with New Brooklyn Harvest Market and Associated Supermarket Locations
Globenewswire· 2025-11-21 14:15
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in New York City by partnering with local retailers such as George's Plants, Brooklyn Harvest Market, and Associated Supermarket, offering a full range of its organic produce and Pickle Party® products [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates advanced greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers near major U.S. markets to ensure product freshness and minimize environmental impact [4] Product Offerings - The company offers a variety of products, including potted and cut herbs, hydroponic basil, and a growing line of nutrition and specialty food products such as Vitamin Way® and Vitamin Whey® [6] - Edible Garden's Pickle Party® line features gourmet fermented foods, while Pulp products include fermented gourmet and chili-based sauces [6] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize greenhouse conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life and in-store presentation [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Market Position - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability and innovation in the food industry [6]
Edible Garden Products Now Carried by George's Plants, Along with New Brooklyn Harvest Market and Associated Supermarket Locations
Globenewswire· 2025-11-21 14:15
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in New York City by partnering with George's Plants, Brooklyn Harvest Market, and Associated Supermarket locations to offer its full range of products [1][2][3] Group 1: Retail Expansion - The company has established new distribution channels in Brooklyn, NY, enhancing its visibility and accessibility to consumers [1][2] - George's Plants is recognized for its quality and connection to local food culture, making it a suitable partner for Edible Garden [2] - The addition of more locations within Associated Supermarket and Brooklyn Harvest Market reflects the growing demand for Edible Garden's sustainably grown products [2] Group 2: Product Offering - Edible Garden's product line includes potted and cut herbs, hydroponic basil, and the Pickle Party® line of gourmet fermented foods [1][3] - The company emphasizes clean-label foods that are responsibly grown, catering to consumer demand for sustainable options [3] Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), operating over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company utilizes a Zero-Waste Inspired® farming model and advanced safety protocols, distinguishing itself in the CEA and sustainability technology movement [4] - Edible Garden operates vertically integrated greenhouses and processing facilities, ensuring freshness and reducing environmental impact through strategic partnerships with contract growers [4] Group 4: Technology and Innovation - The company has developed proprietary technologies, including the GreenThumb 2.0 software and Self-Watering displays, to optimize growing conditions and extend product shelf life [5] - Edible Garden holds multiple patents in aquaculture technologies, enhancing its innovative capabilities in sustainable farming practices [5] Group 5: Recognition and Initiatives - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company also markets a range of nutrition and specialty food products, including plant and whey protein powders, and gourmet condiments [6]
Edible Garden Now Available at DUMBO Market and Marrazzo's Market
Globenewswire· 2025-11-20 12:30
Core Insights - Edible Garden AG Incorporated has expanded its distribution of USDA Organic herbs and sustainably grown produce to new retail partners, DUMBO Market in Brooklyn and Marrazzo's Market in New Jersey, enhancing access to fresh, sustainable food options in the Northeast [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [4] - It has state-of-the-art greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Market Position and Recognition - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability [6] - The company also develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments [7]
Edible Garden’s New Poultry Mix Display Hits Walmart Stores as Holiday Season Kicks Off
Globenewswire· 2025-11-18 13:00
Core Insights - Edible Garden AG Incorporated has launched a larger 3 oz. clamshell of its Poultry Mix, which includes rosemary, thyme, and sage, at select Walmart locations for the holiday season [1][2] - The product aims to provide a fresher and higher-value alternative to traditional herb packs, enhancing customer convenience during the busy shopping period [2] - Edible Garden is recognized as a Giga Guru participant in Walmart's Project Gigaton, contributing to sustainability efforts by aiming to remove one billion metric tons of greenhouse gas emissions from the global supply chain by 2030 [3][4] Product Offering - The Poultry Mix will be available in a custom-designed, branded display unit to maximize visibility and drive seasonal sales [2] - The product is part of Edible Garden's commitment to delivering high-value, Zero-Waste Inspired® solutions to consumers [4] - The full line of organic herbs and fresh-cut clamshell offerings will be available in Walmart's produce department throughout the holiday period [4] Sustainability Initiatives - Edible Garden continues to partner with Walmart on sustainability initiatives, focusing on efficient routing, expanded backhauling logistics, and sustainable packaging strategies [3] - The company operates state-of-the-art, vertically integrated greenhouses and processing facilities, contributing to its sustainability goals [5] - Edible Garden's proprietary GreenThumb software optimizes growing conditions and aims to reduce food miles, further supporting its sustainability mission [6] Industry Recognition - The company has been recognized as a FoodTech 500 firm by Forward Fooding and is a member of Walmart's Project Gigaton sustainability initiative [7] - Edible Garden develops and markets a range of nutrition and specialty food products, including plant and whey protein powders, as well as sustainable condiments [8]
Edible Garden Recognized for Sustainability Leadership in NRG's 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [3][4] Sustainability Initiatives - The company’s Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software, which optimizes growing conditions and reduces energy usage [3][5] - Edible Garden's Self-Watering display is designed to extend plant shelf life and enhance in-store presentation, contributing to its sustainability goals [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments, further diversifying its product offerings [6]
Edible Garden Recognized for Sustainability Leadership in NRG’s 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [4][5] Sustainability Initiatives - The company's Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software and Self-Watering displays [3][5] - GreenThumb 2.0 software optimizes growing conditions and reduces energy usage, while the Self-Watering display extends plant shelf life and enhances in-store presentation [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6]
Edible Garden AG Incorporated's Financial Challenges and Opportunities
Financial Modeling Prep· 2025-11-15 01:00
Core Viewpoint - Edible Garden AG Incorporated (EDBL) is facing significant financial challenges despite a strategic shift towards consumer packaged goods, as evidenced by its earnings report and revenue performance [2][3][6] Financial Performance - EDBL reported an earnings per share (EPS) of -$1.38 for Q3 2025, missing the estimated EPS of -$0.51, indicating ongoing financial difficulties [2][6] - The company's actual revenue for Q3 2025 was $2.82 million, below the estimated $3.88 million, although it represented a 9% increase compared to the same period in 2024 [3][6] - Sales of non-perishable consumer packaged goods (CPG) units surged by 49.3% year-over-year, highlighting growth potential despite overall revenue shortfalls [3][6] Financial Metrics - EDBL's enterprise value to operating cash flow ratio is negative at around -0.58, suggesting challenges in generating cash flow from operations [4] - The earnings yield is also negative at approximately -3.66%, further indicating the company's unprofitability [4] - The company maintains a low debt-to-equity ratio of approximately 0.25, suggesting manageable debt levels, but the current ratio of about 0.80 indicates potential difficulties in covering short-term liabilities [5]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [14] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party contributing to this growth [14][7] - Core herb portfolio saw significant growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a strong market opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Strategic partnerships with major retailers like Kroger and Fresh Market are being strengthened, expanding the company's retail footprint [8] - The company is pursuing new categories such as nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13] - The current political environment is pushing for less processed foods, creating opportunities for the company to align with consumer demand for clean-label products [28] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The company ended the quarter with $0.8 million in cash and equivalents, down from $3.5 million at year-end 2024 [15] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive location and its potential for R&D on next-generation products, including nutraceuticals and food [22][24] Question: Opportunities with grocery stores - Management confirmed that major grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin related to private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term relationships with major retailers, which are crucial for business growth [31][32]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, up from $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, reflecting higher labor, freight, and raw material costs [14] - Net loss increased to $4 million from a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3 2025, with notable growth in brands such as KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][7] - Core herb portfolio saw growth with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a significant opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Plans to pursue new categories including nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12][13] - The company aims to strengthen retail partnerships and advance product innovation to build long-term shareholder value [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, particularly in the fourth quarter, which is traditionally a strong season [13] - The company is well-positioned to capitalize on the growing demand for clean-label, better-for-you products, with major retailers showing interest in private label collaborations [28][29] Other Important Information - The company has completed its strategic exit from the floral and lettuce categories, which is reflected in the current quarter's performance [14] - The company refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] Q&A Session Summary Question: Can you talk about the build-out of the Natural Shrimp facility and its intended utilization? - Management highlighted the facility's impressive location and plans for R&D on next-generation products, with significant opportunities from major retailers [22][24] Question: Are grocery stores the largest opportunity moving into 2026? - Management confirmed that grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities, driven by demand for clean-label products [27][28] Question: How are margins affected by private label products? - Management indicated that while private label may have lower margins, there are opportunities for volume contracts and deeper relationships with major retailers [31][32] Question: What is the outlook for KICK Sports Nutrition? - Management noted that KICK is gaining traction and is well-positioned to meet the growing consumer interest in plant-forward performance nutrition [10][30]