Further validates Edible Garden's Zero-Waste Inspired® mission to deliver safe & sustainably grown produce to its customers Builds on ongoing research collaboration with Auburn University aiming to further elevate controlled environment agriculture food safety in fresh produce BELVIDERE, NJ, May 30, 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 ...

Core Insights - Edible Garden achieved high scores in the PrimusGFS audit, reflecting its commitment to food safety and sustainability in controlled environment agriculture [1][2] - The company is collaborating with Auburn University to enhance food safety standards in fresh produce, particularly concerning contamination issues [2] Company Overview - 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 technologies include the GreenThumb software for optimizing growth and a self-watering display to enhance plant shelf life [3] Product Offerings - The company offers a range of products, including plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as sustainable food flavoring products like Pulp gourmet sauces [3]

Core Insights - Edible Garden AG Incorporated has completed phase 2 of its packhouse buildout at its greenhouse facility in Belvidere, NJ, which is expected to enhance the company's production capacity and operational efficiency [1][2] Group 1: Company Developments - The new processing and cross-docking facilities will optimize efficiency and capabilities, allowing the company to better serve over 5,000 retail outlets in its distribution network [2] - The integration of the patented GreenThumb system, a cloud-based platform, is anticipated to significantly increase production capabilities and improve gross profit margins in the future [2] - The final phase of construction will include integrated refrigeration, warehousing, and corporate offices, further enhancing operational capabilities [2] Group 2: Industry Positioning - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and is backed by its Zero-Waste Inspired® farming approach [3] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, NJ, and Grand Rapids, MI, and has a network of contract growers strategically located near major U.S. markets [3] - Edible Garden's proprietary technologies, including the GreenThumb software and self-watering displays, aim to reduce pollution and enhance the in-store experience for consumers [3]

Core Insights - Edible Garden AG Incorporated has completed phase 2 of its packhouse buildout at the Belvidere, NJ greenhouse facility, enhancing processing and warehousing capabilities [1][2] - The integration of the patented GreenThumb technology is expected to optimize operational efficiency and significantly increase production capabilities, potentially improving gross profit margins [2][3] - The company operates over 5,000 retail outlets in the U.S. and is focused on sustainable agriculture through its Zero-Waste Inspired® mission [2][3] Company Developments - The second phase of the packhouse includes new processing and cross-docking facilities, aimed at better serving the extensive distribution network [2] - The final phase of construction will incorporate integrated refrigeration, warehousing, and corporate offices [2] - Edible Garden is recognized for its innovative practices in controlled environment agriculture (CEA) and sustainable produce [3] Technology and Innovation - The GreenThumb system is a cloud-based platform that manages greenhouse operations and streamlines demand planning, crucial for enhancing operational efficiency [2][3] - The company utilizes patented technologies such as self-watering displays to improve plant shelf life and enhance in-store experiences [3] Market Position - Edible Garden is positioned as a leader in the CEA sector, with a focus on organic and sustainable produce, disrupting traditional farming methods [3] - The company has a network of contract growers strategically located near major U.S. markets, supporting its distribution efforts [3]

Core Viewpoint - Edible Garden AG Incorporated has announced a public offering of 2,655,000 shares of common stock and accompanying warrants, aiming to raise approximately $6.0 million before expenses [1]. Group 1: Offering Details - The public offering price is set at $2.26 per share or $2.25 per pre-funded warrant, with warrants exercisable immediately upon issuance [1]. - Class A warrants will expire five years after issuance, while Class B warrants will expire eighteen months after issuance [1]. - The closing of the offering is expected around May 23, 2024, pending customary closing conditions [1]. Group 2: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [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 utilizes patented technologies such as GreenThumb software and self-watering displays to enhance sustainability and reduce food miles [5].

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]

S-1/A 1 edbl_s1a.htm FORM S-1/A As filed with the Securities and Exchange Commission on May 16, 2024. Registration No. 333-278967 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 100 85-0558704 (Primary standard industrial classification ...

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 ...