EX-99.1 2 edbl_ex991.htm PRESS RELEASE EXHIBIT 99.1 Edible Garden Reports 157% Increase in Gross Profit Fueled by Year-over-Year Growth of 61% in Cut Herbs and 30% in Vitamins & Supplements for the Second Quarter of 2024 Gross Margin Increases to 36.7% in Q2 2024, Up from 13.1% in Q2 2023 Strategic Pivot Away from Third-Party Growers Contributes to More than 26% Decline in Cost of Goods Sold Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, NJ, August 14, 2024 — Edible Garden AG Incorporated ("Edib ...

BELVIDERE, NJ, Aug. 06, 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, August 14, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter ended June 30, 2024, and provide a business update. The conference call will be available via telephone by ...

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 ...

BELVIDERE, NJ, July 31, 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 reported that its Vitamins and Supplements products achieved over 30% year-over-year sales growth for the second quarter. The Company expects this growth in Vitamins and Supplements products to have a favorable impact on profitability and cash flow from ...

Seasons Kosher, a local supermarket chain, is celebrated for its extensive range of kosher products, which are distinguished by a commitment to quality and ethical sourcing. Likewise, Lincoln Market, known for its fair pricing and diverse selection of high-quality, organic, and conventional products, will also begin carrying Edible Garden products. "Our dedication to sustainability and community involvement aligns seamlessly with the principles of Seasons Kosher and Lincoln Market, making these retailers a ...

Seasons Kosher, a local supermarket chain, is celebrated for its extensive range of kosher products, which are distinguished by a commitment to quality and ethical sourcing. Likewise, Lincoln Market, known for its fair pricing and diverse selection of high-quality, organic, and conventional products, will also begin carrying Edible Garden products. "Our dedication to sustainability and community involvement aligns seamlessly with the principles of Seasons Kosher and Lincoln Market, making these retailers a ...

For more information on Pulp products go to https://www.pulpflavors.com/. For more information on Edible Garden go to https://ediblegardenag.com/. 1. Reflects sales for the period June 23- 29, 2024, compared to the period June 25-July 1, 2023. Key Performance Indicator 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 ...

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 ...

2024 Organic Produce Summit The Organic Produce Summit is the only event exclusively dedicated to connecting buyers and suppliers in the organic fresh produce industry. The conference is designed to foster networking, education, and the exchange of information within the organic produce industry. The summit includes educational sessions and a trade show floor where various exhibitors showcase their products and services. It aims to address current trends and challenges in the industry, including sustainabil ...

2024 Organic Produce Summit "At Edible Garden, innovation drives everything we do," stated Jim Kras, Chief Executive Officer of Edible Garden. "In a product category projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028 according to Research and Markets, no company is more innovative than Edible Garden in a category not typically known for innovation. In a short period of time since its initial launch, Pulp's USDA Organic, raw, and fermented products have transformed the way consumers exp ...