Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $2,700,000, a decrease of 13.2% compared to $3,100,000 in Q1 2024, primarily due to the strategic exit from lower margin floral and lettuce products [13][14] - Gross profit increased to $88,000 from $23,000 year over year, representing a 283% increase, while gross margin improved to 3.2% from 0.7% [10][15] - Net loss for Q1 2025 was $3,300,000, an improvement from a net loss of $4,000,000 in Q1 2024, driven by cost reductions and increased contributions from higher margin non-perishable product sales [16] Business Line Data and Key Metrics Changes - Non-perishable revenue grew 15% year over year, indicating strong performance from shelf-stable brands like Kick Sports Nutrition, Pickle Party, Squeezables, Pulp, and Vitamin Whey [7][14] - Cutter sales rose 13% on a seasonal basis, reflecting sustained consumer demand for freshness and convenience [7] Market Data and Key Metrics Changes - The company expanded relationships with major retailers including Walmart, Stop and Shop, and ShopRite, which are driving growth across both fresh and non-perishable categories [6][7] - The acquisition of Natural Shrimp Farms is expected to enhance operational capabilities and support market penetration in the Midwest [11][21] Company Strategy and Development Direction - The company is focusing on a strategic transformation towards higher margin, shelf-stable products, which is gaining traction and visibility across the business [6][8] - The acquisition of Natural Shrimp Farms is aimed at strengthening the balance sheet, enhancing vertical integration, and supporting sustainability initiatives [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's path forward, highlighting the strong foundation built through expanded retail relationships and growing e-commerce reach [46][47] - The commitment to sustainability remains central to the company's identity, with initiatives that have already shown measurable impact [12] Other Important Information - The company has been recognized in the FoodTech 500 as a top 50 company, reflecting its leadership in controlled environment agriculture [12] - The company is investing in marketing and branding to support the growth of its product lines [40] Q&A Session Summary Question: Can you talk about the initial plans for Natural Shrimp and potential synergies? - Management highlighted immediate initiatives including leveraging the facility for warehousing and R&D, which will support expansion into new markets and enhance logistics [20][21] Question: What were the revenues for Natural Shrimp in 2024, and will it be margin accretive? - Management indicated that current sales are nominal and not margin accretive, but future expansion and leveraging of the facility will lead to margin improvements [26][27] Question: How did the sports nutrition line perform this quarter? - Management expressed excitement about the sports nutrition line, noting new distribution in a major Midwest retailer and upcoming product launches [28][29]

Core Insights - Edible Garden AG Incorporated reported a strategic shift towards higher-margin, shelf-stable products, resulting in a 15% year-over-year growth in non-perishable revenue and a nearly fourfold increase in gross profit compared to the previous year [1][3][8]. Financial Performance - For the quarter ended March 31, 2025, total revenue was $2.7 million, a decrease of 13.2% from $3.1 million in the same quarter of 2024, primarily due to the exit from lower-margin floral and lettuce product lines [8]. - Gross profit increased to $88,000 from $23,000 in the prior year, representing an increase of approximately 283% year-over-year, with gross margin improving to 3.2% from 0.7% [9]. - The net loss for the quarter was $3.3 million, an improvement from a net loss of $4.0 million in the same period last year, driven by cost reductions and increased sales from higher-margin products [11]. Strategic Initiatives - The company is focusing on expanding its consumer-packaged goods (CPG) portfolio with brands like Kick. Sport Nutrition, Pickle Party, Squeezables, and Pulp®, which are gaining traction in the market [3][4]. - Edible Garden completed a $15.5 million acquisition of assets from NaturalShrimp Farms Inc., enhancing its R&D and warehousing capabilities, and securing patents for water treatment technologies to support sustainability efforts [3][8]. Market Positioning - The company is enhancing its national distribution footprint by launching and growing retail partnerships with major accounts such as Walmart and Stop & Shop, leveraging patented merchandising solutions [4][5]. - Edible Garden maintains a U.S.-focused production model, with over 90% of its operations based domestically, minimizing exposure to global tariffs and disruptions [6][7]. Product Development - The company is actively reshaping its product mix by phasing out less profitable SKUs and focusing on higher-margin, less commoditized offerings, which has led to a 13% seasonal growth in cut herbs [3][8].

Core Insights - Edible Garden AG Incorporated has acquired assets from NaturalShrimp Farms Inc. for $12 million in preferred stock, enhancing its balance sheet and increasing shareholder equity [1][3] - The acquisition includes patented water treatment technologies and a shrimp farming facility, which will support Edible Garden's sustainability initiatives and vertically integrated model [1][2] Financial Impact - The transaction strengthens Edible Garden's financial position by adding $3 million in cash through a private placement, with a total investment in preferred stock reaching $15.5 million [1][3] - The acquisition is structured to avoid additional debt, aligning with the company's capital-efficient growth strategy [3] Strategic Initiatives - The patented water treatment technology is expected to improve agricultural efficiency and sustainability across Edible Garden's controlled environment agriculture (CEA) operations [2][3] - The Iowa facility is anticipated to serve as a scalable platform for advanced research and expanded herb production, reinforcing the company's leadership in sustainable food production [3] Collaborations and Innovations - Edible Garden collaborates with organizations like the EPA and FDA, yielding results such as a 55% increase in crop yield and a 30% reduction in harvest cycle duration through nanobubble irrigation trials [4] - The company is recognized as a "Giga-Guru" in Walmart's Project Gigaton initiative, aiming to eliminate one billion metric tons of emissions from the global supply chain by 2030 [4] Market Position - Edible Garden is positioned as a leader in controlled environment agriculture, with its products available in over 5,000 stores across the US, Caribbean, and South America [7] - The company has been named a Top 50 company in the 2024 FoodTech 500 by Forward Fooding, highlighting its impact at the intersection of food, technology, and sustainability [4][7]

Core Viewpoint - Edible Garden AG Incorporated will host a conference call on May 15, 2025, to discuss its financial results for the first 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 and products [4]. - 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 [4]. - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing in vertical and traditional greenhouses, aiming to reduce pollution-generating food miles [4]. - 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 [4]. Conference Call Details - The conference call will be accessible via telephone for U.S. callers at +1 877-545-0523 and for international callers at +1 973-528-0016, with an access code of 336637 [2]. - A webcast of the call can be accessed on the company's investor relations website [2]. - A replay of the call will be available on the investor relations section of the website through May 15, 2026, and a telephone replay will be available until May 29, 2025 [3].

Core Insights - Edible Garden AG Incorporated has expanded the distribution of its sustainably grown herb product line to additional Stop & Shop retail locations across New York, enhancing accessibility for consumers [1][2] - The CEO emphasized the company's commitment to quality, sustainability, and environmental stewardship, aiming to meet the rising demand for locally sourced products [2] - Edible Garden operates over 5,000 stores in the US, Caribbean, and South America, utilizing advanced farming technologies and sustainable practices [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company employs patented technologies such as GreenThumb software and Self-Watering displays to optimize growth and enhance product shelf life [3] - Edible Garden is recognized as a FoodTech 500 company and is involved in Walmart's Project Gigaton sustainability initiative [3] Product Offerings - The company provides a range of products including fresh herbs, plant and whey protein powders, and functional condiments [3] - Its Kick. Sports Nutrition line targets health-conscious athletes with cleaner labeled options [3]

Core Insights - Edible Garden AG Incorporated has launched its new product line, Pickle Party, which is marketed as the world's first functional pickle, aimed at health-conscious consumers [1][3] - The Pickle Party line includes Kosher, Non-GMO pickles and sauerkraut that are fresh, fermented, and refrigerated to maintain freshness and health benefits [2][3] - The company emphasizes its commitment to sustainability and innovation in the condiment category, aligning with modern wellness trends [3] 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 stores across the US, Caribbean, and South America, utilizing advanced farming protocols and sustainable packaging [4] - Edible Garden's proprietary technologies, including GreenThumb software and Self-Watering displays, enhance product quality and reduce environmental impact [4] Market Position - The introduction of Pickle Party reflects a growing consumer demand for healthier condiment options, indicating a shift in market preferences [3] - The company is recognized as a FoodTech 500 company and is involved in Walmart's Project Gigaton sustainability initiative, highlighting its industry influence [4]

Core Insights - Edible Garden AG Incorporated has launched its new product line, Pickle Party, which is marketed as the world's first functional pickle, aimed at health-conscious consumers [1][3] - The Pickle Party line includes Kosher, Non-GMO pickles and sauerkraut that are fresh, fermented, and refrigerated to maintain freshness and health benefits [2][3] - The company emphasizes its commitment to sustainability and innovation in the condiment category, aligning with modern wellness trends [3][4] 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 stores across the US, Caribbean, and South America, utilizing advanced farming protocols and sustainable packaging [4] - Edible Garden's proprietary technologies, such as the GreenThumb software and Self-Watering displays, enhance product quality and reduce environmental impact [4] Market Position - The introduction of Pickle Party reflects a growing consumer demand for healthier condiment options, indicating a shift in market preferences [3] - The company is recognized as a FoodTech 500 company and is involved in Walmart's Project Gigaton sustainability initiative, highlighting its industry influence [4]

Joins Forces with Berkot's to Leverage Patented Self-Watering Display Technology to Drive Freshness & Reduce Shrink Edible Garden to bring the "Pickle Party" to the Midwest BELVIDERE, NJ, April 14, 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 signing of an exclusive two-year vendor supply agreement (VSA) w ...

Core Insights - Edible Garden AG Incorporated is expanding its fresh Poultry Mix product into the ShopRite chain, leveraging its existing retail relationships to meet consumer demand for fresh, sustainable culinary herbs during the spring holiday season [1][2][5] Group 1: Product Launch and Market Strategy - The Poultry Mix, which includes fresh culinary herbs like rosemary, thyme, and sage, is positioned to enhance flavor in various dishes and is expected to perform well during Passover and Easter [2][4] - The product rollout follows a successful winter holiday season where sales doubled year-over-year, indicating strong consumer interest in high-quality, ready-to-use fresh herb blends [2][3] - The launch is supported by Edible Garden's in-store branding and merchandising tools to maximize visibility and consumer engagement [4][5] Group 2: Retail Partnerships and Consumer Trust - Edible Garden's partnership with ShopRite, recognized as the "Most Trusted Grocery Retailer in the Northeast" for three consecutive years, aligns with the company's values of quality, freshness, and community [3][5] - ShopRite operates over 350 stores across New Jersey, New York, and neighboring states, providing a robust distribution network for Edible Garden's products [3][5] Group 3: Company Overview and Sustainability Initiatives - Edible Garden is a leader in controlled environment agriculture (CEA) and focuses on providing sustainably grown, Certified USDA Organic, non-GMO produce [6] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [6] - Edible Garden is recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative, emphasizing its commitment to sustainable practices [6]

BELVIDERE, NJ, April 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 the rollout of its fresh Poultry Mix into ShopRite chainwide. This expansion capitalizes on the Company's existing retail footprint and long-standing relationship with Wakefern Food Corp., the largest retailer-owned cooperative in the United ...