Driving Sustainability Through Streamlined Greenhouse-to-Grocer Operations; Aligning Technology with Company’s Zero-Waste Inspired® MissionBELVIDERE, NJ, Jan. 10, 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 launch of an innovative customer service platform designed to complement its patented Green Thumb 2. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2025 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) | Delaware | 001-41371 | 85-0558704 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (IRS Employer | | of incorporation) | File Number) | Identification No.) | | 283 County R ...

BELVIDERE, NJ, Jan. 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, today announced that the Company experienced a more than 45% year-over-year increase in preliminary herbs and produce sales results for the key holiday time period.1 "We are incredibly proud of Edible Garden's exceptional performance this holiday season, whic ...

BELVIDERE, NJ, Jan. 06, 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 has received a grant from the Going PRO Talent Fund, awarded by the Michigan Department of Labor and Economic Opportunity - Workforce Development (LEO-WD), facilitated through Michigan Works!. The Going PRO Talent Fund ("Talent ...

Grant to Support On-the-Job Training, Quality Control, and Supply Chain Optimization at Edible Garden Heartland Facility in Grand Rapids, MichiganBELVIDERE, NJ, Jan. 06, 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 has received a grant from the Going PRO Talent Fund, awarded by the Michigan Depa ...

BELVIDERE, N.J., Dec. 23, 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 has entered into an agreement with a single institutional investor that is an existing holder of its warrants wherein the investor agreed to exercise 8,330,000 outstanding Class B Warrants (the "Existing Warrants") to purchase an agg ...

Financial Performance - Gross profit for the first nine months of 2024 surged by $1.7 million, a 324% increase compared to the same period in 2023[1] - Gross profit margin expanded by 27% in Q3 2024 compared to Q3 2023[2] - Revenue for Q3 2024 was $2.6 million, down from $3.3 million in Q3 2023 due to the strategic shift away from lower-margin products[4] - Net loss for Q3 2024 was $2.1 million, an improvement from a net loss of $2.4 million in Q3 2023[7] - Revenue for Q3 2024 was $2.584 million, a decrease of 21.4% compared to $3.289 million in Q3 2023[17] - Gross profit for Q3 2024 was $699 thousand, a significant increase from $12 thousand in Q3 2023[17] - Net loss for Q3 2024 was $2.063 million, an improvement from $2.431 million in Q3 2023[18] - Revenue for the nine months ended September 30, 2024, was $9.985 million, slightly higher than $9.965 million in the same period in 2023[17] - Gross profit for the nine months ended September 30, 2024, was $2.289 million, up from $540 thousand in the same period in 2023[17] - Net loss for the nine months ended September 30, 2024, was $7.972 million, compared to $5.948 million in the same period in 2023[18] - Selling, general, and administrative expenses for Q3 2024 were $2.189 million, down from $2.387 million in Q3 2023[17] - Interest expense, net for Q3 2024 was $409 thousand, significantly higher than $57 thousand in Q3 2023[17] - Weighted-average number of common shares outstanding for Q3 2024 was 3,160,392, up from 175,762 in Q3 2023[18] - Net loss per common share for Q3 2024 was $0.65, compared to $13.83 in Q3 2023[18] Product Sales and Market Growth - Cut herbs sales increased by 55% year-over-year for the first nine months of 2024[2] - The Pulp Flavors line of gourmet sauces experienced sales growth in Q3 2024, supported by an expanded distribution network[2] - The global sauces and condiments market is projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028[3] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032[3] Funding and Grants - The company raised approximately $5.65 million in gross proceeds through a September S1 offering, with $3.2 million allocated to pay down debt due in 2025[2] - The company received grants from the USDA Organic Certification Program to support organic certification and R&D for new organic product innovations[3]

Exceeded Company’s Expectations, Demonstrates Value Delivered to Customers Record Sales Fueled by Increased Focus on Core Strengths and Industry-Leading Fulfillment Rates BELVIDERE, NJ, Dec. 19, 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 the Company experienced a 51% year-over-year increase in prelimina ...

BELVIDERE, NJ, Dec. 11, 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 will showcase its full range of USDA Organic herbs, & produce at the 2024 New York Produce Show and Conference, Booth 146, on Wednesday, December 11, 2024, in New York City. In addition, the Company will introduce its sustainably focus ...

BELVIDERE, NJ, Nov. 18, 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 Dario Pressimone has joined the Company as Vice President of Digital and E-Commerce. With over 20 years of experience in digital marketing and e-commerce, Dario’s proven ability to drive growth through innovative, data-driven strategies w ...