BELVIDERE, N.J., May 24, 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, sustainable produce and products, today announced that the Company has completed phase 2 of the packhouse buildout at the Edible Garden greenhouse facility in Belvidere, NJ. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "I am pleased to report that Edible Garden has successf ...

BELVIDERE, NJ, May 22, 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 the pricing of a public offering of an aggregate of 2,655,000 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 2,655,000 shares of common stock, and Class B warrants to purchase up to 2,655 ...

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 greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, and has a network of contract growers near major U.S. markets [5] - Edible Garden offers products at over 5,000 stores in the U.S. and is known for its innovative farming protocols, sustainable packaging, and proprietary technologies [5] Recent Offering - The company announced a public offering of 2,655,000 shares of common stock, along with Class A and Class B warrants, at a combined public offering price of $2.26 per share [1] - Gross proceeds from the offering are expected to be approximately $6.0 million before deducting fees and expenses [1] - The offering is being managed by Maxim Group LLC as the sole placement agent [2] Securities Registration - The securities are being offered under a registration statement on Form S-1, which was declared effective by the SEC on May 22, 2024 [3] - A preliminary prospectus has been filed with the SEC, and the final prospectus will be available upon completion of the offering [3]

Edible Garden (NASDAQ:EDBL) stock is in the rise Wednesday alongside a strong Q1 earnings report and a potential short squeeze of its shares. Edible Garden's Q1 earnings report includes revenue of $3.1 million. While that's below Wall Street's estimate of $3.2 million, it still represents a 27.6% increase year-over-year. Edible Garden CEO Jim Kras said the following about the company's Q1 performance. "We have achieved consistent top-line revenue growth over recent quarters, and more importantly, have incre ...

Edible Garden AG Incorporated (NASDAQ:EDBL) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET Company Participants Ted Ayvas - Investor Relations Jim Kras - Chief Executive Officer Kostas Dafoulas - Interim Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Good morning and welcome to the Edible Garden First Quarter 2024 Business Update Conference Call. At this time all participants are on a listen-only mode and we will open for questions following the presen ...

Edible Garden AG Inc (NASDAQ: EDBL) nearly doubled in premarket on Wednesday after reporting a significantly year-over-year increase in its first-quarter revenue. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Edible Garden CEO on Q1 earnings Copy link to section The organic food company saw its revenue come in at $3.1 million in Q1 that translates to a near 28% increase versus last year. $EDBL attributed the strength to customer demand and expansio ...

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, 2024 ☐ 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) (State or other jurisdiction of incorporation or organization) Delaware 85-0558704 ( ...

Edible Garden Reports Significant 27.6% Year-Over-Year Revenue Growth for First Quarter of 2024 EX-99.1 2 edbl_ex991.htm PRESS RELEASE EXHIBIT 99.1 195.8% Gross Profit Increase in Q1 2024 with Gross Margin Increasing by 171 Basis Points 95% of Edible Garden Fresh Product Line Being Produced at Company-Owned Facilities - Strategic Pivot Away from Third-Party Growers Marks a Turn Toward Higher Expected Profits Vertical Integration Expected to Pay Of - Company Plans to Boost Margins in the Coming Quarters Conf ...

195.8% Gross Profit Increase in Q1 2024 with Gross Margin Increasing by 171 Basis Points 95% of Edible Garden Fresh Product Line Being Produced at Company-Owned Facilities - Strategic Pivot Away from Third-Party Growers Marks a Turn Toward Higher Expected Profits Vertical Integration Expected to Pay Off - Company Plans to Boost Margins in the Coming Quarters Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J., May 15, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the ...

BELVIDERE, NJ, May 08, 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 will host a conference call on Wednesday, May 15, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter ended March 31, 2024, and provide a business update. The conference call will be available via telephone by dial ...