Core Insights - Edible Garden AG Incorporated reported over 30% year-over-year sales growth in its Vitamins and Supplements products for the second quarter, which is expected to positively impact profitability and cash flow from operations [1][5][6] Group 1: Company Performance - The strong performance in Vitamins and Supplements is attributed to an integrated marketing strategy aimed at increasing consumer adoption through promotional and brand awareness activities [2] - The company introduced two new flavors, 'Ice Cream Cake' and 'Orange Creamsicle,' which have reinforced its reputation as the 'Flavor Maker' in the industry [2] - The partnership with Nutracom has been crucial for the company's success, with plans to explore more innovative flavor possibilities [2] Group 2: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and operates over 5,000 stores in the U.S. [3] - The company utilizes patented technologies such as GreenThumb software and self-watering displays to optimize growing conditions and enhance product shelf life [3] - Edible Garden also develops plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, along with sustainable food flavoring products [3]

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are extremely pleased with the strong performance of our Vitamins and Supplements products, which we believe demonstrate that these highermargin products are gaining traction in the market. We believe these results are driven by our integrated marketing strategy designed to increase consumer adoption through a variety of promotional and brand awareness activities. The success of these initiatives is best illustrated by the 30% increase i ...

Core Insights - Edible Garden AG Incorporated has expanded its product availability to Seasons Kosher and Lincoln Market, enhancing its community presence and supporting local producers [4][5] - The company is recognized for its commitment to sustainability and ethical sourcing, offering a range of locally grown, organic, and sustainable produce [2][4] - Edible Garden's innovative technologies, including patented GreenThumb software and self-watering displays, are designed to optimize agricultural practices and reduce environmental impact [2] Group 1: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable products [2][4] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, along with a network of contract growers [2] - Edible Garden's product offerings include plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as sustainable food flavoring products [2] Group 2: Retail Partnerships - The partnership with Seasons Kosher and Lincoln Market aligns with Edible Garden's growth strategy and commitment to community involvement [2][5] - The availability of Edible Garden products at these retailers provides customers with a fresh, locally focused shopping experience [2] - Edible Garden will support the grand opening of Lincoln Market's new store, further demonstrating its commitment to local economic vitality [5]

Core Insights - Edible Garden AG Incorporated has expanded its product availability to Seasons Kosher and Lincoln Market, enhancing its community presence and aligning with its growth strategy [4][5] - The company specializes in controlled environment agriculture (CEA) and offers a range of locally grown, organic, and sustainable produce, supported by innovative farming technologies [2][4] - Edible Garden's proprietary technologies, including the GreenThumb software and self-watering displays, aim to optimize agricultural practices and reduce environmental impact [2] Company Overview - Edible Garden is a leader in CEA, focusing on sustainable and organic produce, with products available in over 5,000 stores across the U.S. [2][4] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [2] - Edible Garden also develops plant and whey protein powders and sustainable food flavoring products, expanding its product line beyond fresh produce [2] Retail Partnerships - The collaboration with Seasons Kosher and Lincoln Market is part of Edible Garden's strategy to connect with local communities and support local economies [5] - The introduction of Edible Garden products at these retailers is expected to provide customers with a fresh shopping experience that emphasizes local sourcing and sustainability [2][5]

ABOUT EDIBLE GARDEN® This press release contains reference to the Company's fulfillment rate which is a key performance metric management uses to analyze and measure the Company's financial performance and results of operation. Management uses fulfillment rate as a measure of current and future business and financial performance, and it may not be comparable with measures provided by other companies. The Company defines fulfillment rate as the percentage of orders filled in full, relative to the total numbe ...

Core Insights - Edible Garden AG Incorporated reported a preliminary sales increase of over 44% year-over-year for the July 4th holiday period compared to the same period in 2023 [8] - The company achieved a 27.6% year-over-year revenue growth in the first quarter of 2024, which is typically the slowest quarter for the company [8] - The company maintains a high fulfillment rate of 99% during the July 4th period, indicating strong operational efficiency [8] Financial Performance - The preliminary financial data is based on estimates and is subject to further internal review, meaning actual results may differ materially [4][5][6] - The company’s financial closing procedures for the quarter ended June 30, 2024, are not yet complete, and the preliminary information may not reflect year-over-year trends accurately [4][6] Operational Strategy - The company emphasizes vertical integration, producing approximately 95% of its products in company-owned facilities, which has led to margin growth and enhanced operational efficiency [8] - Edible Garden's shipper programs in the Northeast, Mid-Atlantic, and Midwest regions are crucial for meeting customer demands and driving growth [8] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [9] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, and has a network of contract growers near major U.S. markets [9] - Edible Garden utilizes patented technologies such as GreenThumb software and self-watering displays to optimize production and enhance in-store experiences [9]

Core Insights - Edible Garden is positioned as an innovative leader in the organic produce market, with a focus on flavor and quality in its product offerings, particularly the Pulp line of USDA Organic, raw, and fermented products, which are gaining traction among health-conscious consumers [1][8] Company Overview - Edible Garden AG Incorporated specializes in controlled environment agriculture (CEA) and offers locally grown, organic, and sustainable produce, supported by Zero-Waste Inspired® farming practices [3] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, and has a network of contract growers located near major U.S. markets [3] - Edible Garden's proprietary GreenThumb software optimizes growing conditions and aims to reduce food miles, while its self-watering display technology enhances plant shelf life [3][10] Market Potential - The organic produce market is projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028, indicating significant growth opportunities for companies like Edible Garden [1] Product Distribution - Edible Garden's products are available in over 5,000 stores across the U.S., including major retailers such as Whole Foods Market, Target, and Meijer, facilitated by partnerships with distributors like KeHE and UNFI [1][3] - The company also offers an e-commerce platform for direct consumer sales, enhancing accessibility to its product line [1] Industry Event Participation - Edible Garden will showcase its Pulp product line at the 2024 Organic Produce Summit, emphasizing its commitment to innovation and sustainability in the condiment category [13]

Industry Overview - The organic fresh produce industry is experiencing significant growth, with a market projected to increase from $172.79 billion in 2021 to $240.7 billion by 2028 [2] - The 2024 Organic Produce Summit aims to address current trends and challenges in the industry, including sustainability practices and innovative technologies [1] Company Profile: Edible Garden - Edible Garden AG Incorporated 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, with a network of contract growers near major U.S. markets [3] - Edible Garden's proprietary GreenThumb software optimizes growing in vertical and traditional greenhouses, aiming to reduce pollution-generating food miles [3] Product Innovation - Edible Garden's product line includes USDA Organic, raw, and fermented sauces under the Pulp brand, which aims to transform consumer experiences with condiments [2] - The Pulp product line is available at major retailers such as Whole Foods Market, Target, and Meijer, and is distributed through KeHE and UNFI [2] - The company emphasizes flavor-forward, sustainable, and organic options, appealing to health-conscious consumers [2] Event Participation - Edible Garden will exhibit its Pulp products at the 2024 Organic Produce Summit in Monterey, California, showcasing its commitment to innovation and sustainability [7]

Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [4][5] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, with a network of contract growers near major U.S. markets [5] Partnership with Abilities of Northwest Jersey - Edible Garden has established a comprehensive training program in collaboration with Abilities of Northwest Jersey, aimed at integrating workers with disabilities into the workforce [4][5] - The partnership has been described as rewarding, enhancing the employability and career prospects of individuals with disabilities while enriching Edible Garden's workforce with diverse talents [5] Product and Technology Innovations - Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and self-watering in-store displays [5] - The proprietary GreenThumb 2.0 software optimizes growing in both vertical and traditional greenhouses, aiming to reduce pollution-generating food miles [5] - The self-watering display is designed to increase plant shelf life and enhance the in-store plant display experience [5] Product Offerings - The company provides a line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as sustainable food flavoring products like Pulp gourmet sauces and chili-based products [5]

BELVIDERE, NJ, July 02, 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 Company has instituted a comprehensive training program in conjunction with Abilities of Northwest Jersey Inc. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "Our decade-long partnership with Abilities of Northwest Jers ...