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][15] - 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 [15] - 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 performance from brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][15] - Core herb portfolio saw growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [15] 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 [10] - 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 [10] 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][8] - Strategic partnerships with major retailers like Kroger and Fresh Market are being leveraged to expand the retail footprint and enhance brand visibility [9][13] - The company is pursuing new categories, including nutraceuticals and sustainable proteins, to align with its commitment to health and environmental responsibility [13] 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][44] - The company is optimistic about the upcoming holiday season, traditionally a strong period for sales, and is focused on expanding its innovative product offerings [25][44] 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 facility acquired from Natural Shrimp is undergoing a gap analysis for R&D on next-generation products, indicating a focus on innovation and sustainability [21][24] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive capabilities and plans for R&D on nutraceuticals and food products, highlighting strong relationships with major retailers [21][24] Question: Opportunities in grocery stores for 2026 - Management confirmed that 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 considerations for private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term contracts, which are essential for business stability [31][33]

Financial Performance - Revenue for the three months ended September 30, 2025, was $2.8 million, a 9% increase from $2.6 million in the same period of 2024, attributed to strong performance in shelf-stable product lines [169]. - Cost of goods sold increased to $2.5 million in Q3 2025 from $1.9 million in Q3 2024, leading to a gross profit decrease from $699,000 to $273,000 [168]. - Selling, general and administrative expenses rose significantly to $3.8 million in Q3 2025, compared to $2.2 million in Q3 2024 [168]. - The net loss for the three months ended September 30, 2025, was $4.0 million, compared to a net loss of $2.1 million in the same period of 2024 [168]. - Revenue decreased by $1.3 million, or 13%, to $8.7 million for the nine months ended September 30, 2025, compared to $10.0 million for the same period in 2024, primarily due to the strategic exit from the floral and lettuce categories [176]. - SG&A expenses for the nine months ended September 30, 2025, were $11.1 million, an increase of $2.3 million, or 26%, compared to $8.8 million for the same period in 2024 [178]. - Loss from operations for the nine months ended September 30, 2025, was $10.1 million, compared to $6.5 million for the same period in 2024 [179]. - Net loss for the nine months ended September 30, 2025, was $11.4 million, compared to a net loss of $8.0 million for the same period in 2024 [181]. Cash Flow and Financing - As of September 30, 2025, the company had $0.8 million in cash and cash equivalents, down from $3.5 million as of December 31, 2024 [186]. - The company raised $3.3 million via a warrant inducement and $3.0 million from the sale of preferred stock during the nine months ended September 30, 2025 [186]. - Cash used for operating activities increased to $9.1 million in the nine months ended September 30, 2025, compared to $6.8 million in the same period of 2024, primarily due to an increase in net loss and a reduction in accounts payable [196]. - Cash used in investing activities rose to $0.5 million for the nine months ended September 30, 2025, up from $0.2 million in 2024, attributed to lower normal course of business purchases [197]. - Cash provided by financing activities decreased to $7.0 million in the nine months ended September 30, 2025, from $8.6 million in 2024, due to debt repayment and the absence of public stock offerings in 2025 [198]. - The company raised $3.0 million from the sale of preferred stock in 2025, contributing to higher cash flows from its equity distribution agreement [198]. Operational Initiatives - The company has developed patented software, GreenThumb, to enhance traceability and quality control in its supply chain [151]. - The company utilizes a closed-loop system in its greenhouses, which recycles water and reduces resource consumption compared to conventional farming methods [150]. - The company is focusing on expanding its brand "Edible Garden" to develop new consumer products, including sauces and flavor enhancers [154]. - The company has implemented a web-based greenhouse management system that integrates real-time sales data and inventory management [157]. - The company is committed to sustainability, utilizing LED lights and recycling water to minimize its carbon footprint compared to traditional farming [153]. Cost Analysis - Cost of goods sold increased by $0.7 million, or 37%, to $2.5 million for the three months ended September 30, 2025, compared to $1.9 million for the same period in 2024 [170]. - Selling, general and administrative expenses (SG&A) rose by $1.6 million, or 73%, to $3.8 million for the three months ended September 30, 2025, compared to $2.2 million for the same period in 2024 [171]. - Loss from operations increased to $3.6 million for the three months ended September 30, 2025, compared to a loss of $1.5 million for the same period in 2024 [172].

Core Insights - Edible Garden AG Incorporated reported a 9% revenue growth in Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][7][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, and international vitamin and supplements revenue rose by 90.2% [6][4] - The strategic transformation is expected to enhance the company's market penetration and growth, particularly in the fourth quarter, which is historically the strongest period for Edible Garden [2][4] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [7][4] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [8] - Selling, general, and administrative expenses rose to $3.8 million from $2.2 million, mainly due to increased depreciation and legal expenses [9] Product and Market Expansion - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through partners like PriceSmart and Amazon [4][2] - The product portfolio now includes brands such as Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are expected to drive continued momentum and margin improvement [4][6] - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong demand for fresh produce [6][4] Strategic Initiatives - The acquisition of NaturalShrimp's assets is anticipated to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - The company is focused on health-oriented product development and aims to build a stronger platform for scale, positioning itself as a next-generation sustainable food company [4] - Edible Garden's strategic exit from floral and lettuce categories is now complete, reflecting the strength of its repositioned portfolio [7]

Core Insights - Edible Garden AG Incorporated reported a 9% year-over-year revenue growth for Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][6][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, alongside a 90.2% rise in international vitamin and supplements revenue [5][6] - The company is optimistic about future growth, believing that the most challenging phase of its transformation is behind, positioning itself for long-term sustainable profitability [4][6] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [6] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [7] - Selling, general and administrative expenses rose to $3.8 million from $2.2 million year-over-year, mainly due to increased depreciation and associated costs from recent asset acquisitions [8] Strategic Developments - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through collaborations with PriceSmart and Amazon [4] - The acquisition of NaturalShrimp's assets is expected to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - Edible Garden's CPG-focused strategy allows for expansion beyond fresh produce into branded shelf-stable offerings, catering to the growing demand for clean-label and functional foods [4][5] Product Performance - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong consumer demand in these categories [5] - The company's portfolio includes brands like Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are driving momentum and expected to contribute to margin improvement [4][5]

Core Insights - Edible Garden AG Incorporated has expanded its product offerings by introducing its full line of USDA Organic Certified Pulp refrigerated, fermented gourmet hot sauces at ShopRite supermarkets in the Northeast [3][6] - The company emphasizes its commitment to freshness, sustainability, and community engagement, highlighting its long-standing partnership with ShopRite [6][5] - The Pulp line of hot sauces is crafted using a fermentation process that enhances flavor and nutritional value, featuring popular varieties such as Hungarian Wax, Habanero Carrot Pepper, Fresno Chili, and Jalapeño [6][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through a Zero-Waste Inspired farming model [7][9] - The company operates advanced greenhouses and processing facilities across the U.S., including locations in Michigan, Iowa, and New Jersey, and partners with contract growers to ensure freshness [7][8] - Edible Garden has been recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative [9] Product Details - The Pulp line of sauces is designed to provide bold flavors while adhering to clean-label standards, with no artificial additives [6][4] - The company also offers a range of nutrition and specialty food products, including plant and whey protein powders, and a collection of fermented fresh pickles and krauts [9]

Core Insights - Edible Garden AG Incorporated will host a conference call on November 14, 2025, to discuss its financial results for the third quarter of 2025 and provide a business update [1] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing a Zero-Waste Inspired® farming model [4] - Edible Garden has advanced safety protocols, sustainable packaging, and patented technologies such as GreenThumb software and Self-Watering displays [4][5] Technology and Innovation - The proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, protected by multiple U.S. patents [5] - The Self-Watering display extends plant shelf life and enhances in-store presentation, also patented [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders and gourmet condiments [6]

Core Points - Edible Garden AG Incorporated supports a community initiative led by Chef JJ Johnson to provide free meals to those affected by the loss of SNAP benefits in Harlem [1][2][3] - The initiative aims to serve 100 free meals per day to individuals in need, reflecting a commitment to food justice and sustainability [2][3] - Chef JJ Johnson emphasizes the importance of local restaurants in providing meals during government shutdowns, reinforcing community support [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [1][7] - The company operates advanced greenhouses and processing facilities, with a presence in over 5,000 retail locations across the U.S., Caribbean, and South America [7] - Edible Garden utilizes innovative farming technologies, including patented GreenThumb software and Self-Watering displays, to enhance sustainability and reduce food miles [8][9] Chef JJ Johnson's Profile - Chef JJ Johnson is an award-winning chef known for his Caribbean-inspired cuisine and has received multiple accolades, including a James Beard Foundation Book Award [4] - He is the founder of FIELDTRIP, a restaurant that emphasizes rice as a key ingredient and focuses on sustainable and ethically sourced food [4][5] - Johnson is also involved in various community initiatives and organizations advocating for food justice and equity [6]

Core Insights - Edible Garden AG Incorporated has begun shipping its USDA Organic herbs product line to The Fresh Market, enhancing its distribution and commitment to sustainable produce [1][3] - The Fresh Market is a specialty grocery retailer known for its premium-quality fresh food and exceptional customer service, operating 164 stores across 22 states [2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through its Zero-Waste Inspired® farming model [4] - The company operates advanced greenhouses and processing facilities in multiple states, including Michigan, Iowa, and New Jersey, and partners with contract growers to ensure freshness [4] Technology and Innovation - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life [5] - The company holds several patents in aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [5] Product Offerings - In addition to herbs, Edible Garden markets a range of nutrition and specialty food products, including plant and whey protein powders, gourmet sauces, and fermented pickles [6]

Core Insights - Edible Garden AG Incorporated has received preliminary approval from the New Jersey Economic Development Authority (NJEDA) to transfer up to approximately $3.35 million of unused net operating losses and R&D tax credits, which could provide non-dilutive capital for growth and innovation [1][2][4] Group 1: Financial Implications - The approval allows Edible Garden to generate up to approximately $3.35 million in cash proceeds, which can be used to support working capital, growth initiatives, and innovation [2][4] - The transaction is contingent upon identifying an approved corporate buyer and final allocation under the NJEDA's Technology Business Tax Certificate Transfer Program [2][3] Group 2: Program Overview - The NJEDA NOL Program enables qualified New Jersey-based technology and innovation-driven companies to convert unused net operating losses and R&D credits into working capital, creating a non-dilutive source of liquidity [3] - The program is part of New Jersey's $75 million annual allocation aimed at fostering innovation and business expansion [3] Group 3: Company Background - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through its advanced farming model [5] - The company operates state-of-the-art greenhouses and processing facilities across the U.S. and partners with contract growers to ensure freshness and reduce environmental impact [5][6] - Edible Garden has developed proprietary technologies, including the GreenThumb software and Self-Watering displays, to optimize growing conditions and enhance product presentation [6]

Core Insights - Edible Garden AG Incorporated has completed an additional production line at its Grand Rapids facility to enhance production capacity and meet growing demand ahead of the holiday season, which is traditionally the company's busiest quarter [1][2] - The new production line will improve efficiency and scalability, allowing the company to better serve major retail partners such as Kroger, Meijer, and Walmart [1][2] - The expansion is part of Edible Garden's strategic growth in the Midwest, streamlining logistics and reducing reliance on third-party suppliers [1][2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through its Zero-Waste Inspired farming model [3] - The company operates in over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and sustainable practices [3] - Edible Garden utilizes patented technologies, including the GreenThumb® greenhouse management platform, to enhance operational efficiency and product quality [4] Product Offerings - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and a line of fresh, sustainable condiments [5][6] - Edible Garden's product line includes Vitamin Way® and Vitamin Whey® for health-conscious consumers, as well as fermented gourmet sauces and pickles [5][6]