Edible Garden AG rporated(EDBL)
Search documents
Edible Garden’s Award-Winning Kick. Sports Nutrition Now Available on Target.com
Globenewswire· 2025-12-11 13:30
Core Insights - Edible Garden AG Incorporated has expanded its Kick. Sports Nutrition product line to Target.com, enhancing its digital presence and supporting its omnichannel strategy [1][4] - The Kick. product line includes clean-label, performance-driven options aimed at athletes and health-conscious consumers, featuring both whey and plant-based proteins [2][4] - Target's platform is a significant addition for the brand, aligning with the growing consumer demand for high-protein supplements and clean-label nutrition products [3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through innovative farming models [5] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and sustainable practices [5][8] - Edible Garden's proprietary technologies, including the GreenThumb software and Self-Watering displays, enhance product freshness and in-store presentation [6][8] Market Positioning - The addition of Kick. Sports Nutrition to Target.com is part of a broader strategy to meet consumers where they shop, reflecting the brand's commitment to omnichannel growth [4] - The company has seen strong momentum with recent distribution gains, including partnerships with major retailers and successful launches on platforms like Amazon [4] - The sports nutrition category is rapidly growing, and Edible Garden aims to position Kick. as a leading brand within this market [3][4]
Edible Garden's Award-Winning Kick. Sports Nutrition Now Available on Target.com
Globenewswire· 2025-12-11 13:30
Core Insights - Edible Garden AG Incorporated has expanded its Kick. Sports Nutrition product line to Target.com, enhancing its digital presence and supporting its omnichannel strategy [1][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through a Zero-Waste Inspired farming model [5] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and innovative farming technologies [5][6] Product Details - Kick. Sports Nutrition features clean-label, performance-driven products including whey and plant-based proteins, pre- and post-workout formulations, and hydration-energy blends aimed at athletes and health-conscious consumers [2][4] - The product line's availability on Target.com significantly increases national access and aligns with consumer shopping habits for health and wellness products [2][3] Market Trends - There is a rising consumer demand for high-protein supplements, influenced by changing dietary habits, particularly among users of GLP-1 weight-loss medications [3] - Target is actively expanding its protein and supplement offerings to cater to evolving wellness trends, making it a strategic partner for Edible Garden's Kick. brand [3] Strategic Initiatives - The expansion to Target.com is part of Edible Garden's commitment to meet consumers where they shop, enhancing its omnichannel strategy and building on recent distribution gains [4] - The company has also launched Kick. on Amazon and partnered with Pirawna for e-commerce, along with an international rollout at PriceSmart warehouse clubs [4]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Quarterly Results
2025-12-09 12:40
Revenue Growth - Revenue increased by 9% to $2.8 million for the third quarter ended September 30, 2025, compared to $2.6 million in the same quarter of 2024[8] - International vitamin and supplements revenue rose 90.2% year-over-year, indicating significant growth in international markets[6] - Non-perishable unit sales surged approximately 49.3% year-over-year, driven by strong performance in shelf-stable product lines[6] Profitability and Loss - Gross profit for the quarter totaled approximately $0.3 million, down from $0.7 million in the prior-year quarter, due to higher costs[9] - The net loss for the quarter was $4.0 million, compared to a net loss of $2.1 million in the third quarter of 2024[10] - Net loss for the current period was $4,045 million, compared to a net loss of $2,063 million in the previous period, representing an increase of 96.3%[31] - Loss from operations increased to $3,558 million from $1,490 million, indicating a significant decline in operational performance[31] - Net income per common share was $(1.38), a decrease from $(16.32) in the previous period, reflecting worsening financial results[31] - The total net loss attributable to common stockholders reached $21,245 million, up from $7,972 million, highlighting a concerning trend[31] Expenses - Selling, general and administrative expenses increased to $3.8 million from $2.2 million in the same period last year, primarily due to higher depreciation expenses[10] - The company reported a total of $11,073 million in selling, general and administrative expenses, an increase from $8,823 million, reflecting rising operational costs[31] Operational Performance - Same store sales for Hydroponic Basil, Potted Herbs, and Wheatgrass increased by 28.6%, 22.6%, and 59.2% respectively[6] - The company is focused on long-term sustainable profitability and has built a more resilient organization to capture growth across both fresh and non-perishable categories[7] Strategic Initiatives - The company expanded its distribution network, launching products at major retailers including Kroger and The Fresh Market[4] - The acquisition of NaturalShrimp's assets is expected to enhance vertical integration and sustainable aquaculture capabilities[5] Financial Instruments and Other Income - Total other income (expenses) amounted to $(487) million, compared to $(573) million in the prior period, showing a slight improvement[31] - Interest expense, net decreased slightly to $(387) million from $(409) million, suggesting a minor improvement in financing costs[31] - Gain on change in derivative liability was $9 million, indicating some positive movement in financial instruments[31] - The deemed dividend on warrants was $(9,833) million, which impacted the net loss attributable to common stockholders significantly[31] - Weighted-average number of common shares outstanding increased to 2,934,311 from 126,416, indicating a substantial dilution effect[31]
Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Increased 26.9% in 2025
Globenewswire· 2025-12-09 12:30
Core Insights - Edible Garden AG Incorporated reported a preliminary sales increase of 26.9% during the 2025 Thanksgiving period compared to the same timeframe in 2024, driven by strong performance in core product categories [2][4] - The company's Poultry Mix, a blend of rosemary, thyme, and sage, saw a significant sales growth of 27.5% due to expanded distribution at Walmart and custom in-store displays [3][4] - The fulfillment rate exceeded 98%, indicating strong operational execution and reliability in servicing retail partners during peak holiday demand [4] Sales Performance - The Poultry Mix was a key seasonal driver, contributing to the overall sales growth alongside other product lines such as Pickle Party™ and Pulp gourmet sauces, which also experienced notable increases [3][4] - Specific product performance included hydroponic products up 44.8%, potted herbs up 10.9%, and cuts/processed herbs up 23.7% [7] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through advanced farming technologies and practices [6] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, emphasizing sustainability and freshness through its vertically integrated greenhouses and partnerships with local growers [6] Technology and Innovation - The proprietary GreenThumb 2.0 software optimizes growing conditions and aims to reduce food miles, while the patented Self-Watering display enhances plant shelf life and in-store presentation [8] - Edible Garden holds multiple patents in aquaculture technologies, showcasing its commitment to innovation in sustainable agriculture [8]
Edible Garden's Pickle Party™ Line Starts to Ship at King Kullen, Expanding Access to Fresh, Fermented, Functional Kosher Pickles
Globenewswire· 2025-12-05 14:00
Core Viewpoint - Edible Garden AG Incorporated has launched its Pickle Party™ product line, which is now being shipped to King Kullen supermarkets, targeting health-conscious consumers seeking clean-label condiments [1][3]. Product Overview - Pickle Party™ is the world's first functional pickle line, developed in collaboration with Hermann Pickle Company, featuring raw, refrigerated, fermented, Kosher, and Non-GMO products [2]. - The product line includes a variety of pickles and krauts with diverse flavor profiles, free from artificial preservatives, stabilizers, and added sugars, aligning with the company's commitment to better-for-you foods [2]. Market Strategy - The partnership with King Kullen, a well-established supermarket chain, reflects Edible Garden's strategy to collaborate with respected regional grocers that prioritize fresh and responsibly sourced foods [3]. - The introduction of Pickle Party™ is positioned to meet the growing consumer demand for fermented and health-forward products, enhancing the company's presence in the New York Metro market [3]. Company Background - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations [4]. - The company operates advanced greenhouses and processing facilities across the U.S., including locations in Michigan, Iowa, and New Jersey, and partners with contract growers to ensure product freshness [4]. Technology and Innovation - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, along with patented Self-Watering displays to enhance product shelf life and in-store presentation [5]. - The company holds multiple patents in aquaculture technologies, indicating a commitment to innovation in sustainable farming practices [5]. Recognition and Product Line - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability [6]. - The company also markets a range of nutrition and specialty food products, including plant and whey protein powders, and a line of gourmet sauces [6].
Edible Garden’s Pickle Party™ Line Starts to Ship at King Kullen, Expanding Access to Fresh, Fermented, Functional Kosher Pickles
Globenewswire· 2025-12-05 14:00
Core Insights - Edible Garden AG Incorporated has launched its Pickle Party™ product line in King Kullen supermarkets, enhancing its presence in the New York Metro region as demand for clean-label foods grows [1][3]. Product Overview - Pickle Party™ is the world's first functional pickle line, featuring raw, refrigerated, fermented, Kosher, and Non-GMO products made through traditional fermentation methods that support digestive wellness [2]. - The product line includes a variety of pickles and krauts with unique flavor profiles, free from artificial preservatives, stabilizers, and added sugars, aligning with the company's commitment to better-for-you foods [2]. Market Strategy - The partnership with King Kullen, a well-established supermarket chain, reflects Edible Garden's strategy to collaborate with respected regional grocers that prioritize fresh, responsibly sourced foods [3]. - The introduction of Pickle Party™ is positioned to meet the growing consumer interest in fermented and health-forward products, thereby strengthening the company's market presence [3]. Company Background - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations [4]. - The company utilizes advanced safety protocols, sustainable packaging, and patented technologies to optimize growing conditions and reduce environmental impact [5]. Additional Offerings - In addition to Pickle Party™, Edible Garden markets a range of nutrition and specialty food products, including plant and whey protein powders, and gourmet sauces [6][7].
Edible Garden to Feature Hydroponic Basil, Pulp, and Pickle Party® at the NY Produce Show at the Jacob Javits Center in New York City on December 3
Globenewswire· 2025-12-02 14:15
Core Insights - Edible Garden AG Incorporated is participating in the 2025 New York Produce Show and Conference, showcasing its Hydroponic Basil and expanding product lines, including Pulp fermented sauces and Pickle Party® [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [4] - It has state-of-the-art greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Product Offerings - The company offers a range of products, including Hydroponic Basil, Pulp fermented sauces, Pickle Party® fresh fermented products, and nutrition lines like Vitamin Way® and Vitamin Whey® [7] - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing conditions and reduces food miles, while its patented Self-Watering display enhances plant shelf life [5] Market Position - Edible Garden has established itself as a leader in the Metropolitan New York market, achieving high delivery rates and service consistency, outperforming many competitors [3] - The company has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6]
Edible Garden Products Now Carried by George’s Plants, Along with New Brooklyn Harvest Market and Associated Supermarket Locations
Globenewswire· 2025-11-21 14:15
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in New York City by partnering with local retailers such as George's Plants, Brooklyn Harvest Market, and Associated Supermarket, offering a full range of its organic produce and Pickle Party® products [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates advanced greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers near major U.S. markets to ensure product freshness and minimize environmental impact [4] Product Offerings - The company offers a variety of products, including potted and cut herbs, hydroponic basil, and a growing line of nutrition and specialty food products such as Vitamin Way® and Vitamin Whey® [6] - Edible Garden's Pickle Party® line features gourmet fermented foods, while Pulp products include fermented gourmet and chili-based sauces [6] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize greenhouse conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life and in-store presentation [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Market Position - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability and innovation in the food industry [6]
Edible Garden Products Now Carried by George's Plants, Along with New Brooklyn Harvest Market and Associated Supermarket Locations
Globenewswire· 2025-11-21 14:15
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in New York City by partnering with George's Plants, Brooklyn Harvest Market, and Associated Supermarket locations to offer its full range of products [1][2][3] Group 1: Retail Expansion - The company has established new distribution channels in Brooklyn, NY, enhancing its visibility and accessibility to consumers [1][2] - George's Plants is recognized for its quality and connection to local food culture, making it a suitable partner for Edible Garden [2] - The addition of more locations within Associated Supermarket and Brooklyn Harvest Market reflects the growing demand for Edible Garden's sustainably grown products [2] Group 2: Product Offering - Edible Garden's product line includes potted and cut herbs, hydroponic basil, and the Pickle Party® line of gourmet fermented foods [1][3] - The company emphasizes clean-label foods that are responsibly grown, catering to consumer demand for sustainable options [3] Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), operating over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company utilizes a Zero-Waste Inspired® farming model and advanced safety protocols, distinguishing itself in the CEA and sustainability technology movement [4] - Edible Garden operates vertically integrated greenhouses and processing facilities, ensuring freshness and reducing environmental impact through strategic partnerships with contract growers [4] Group 4: Technology and Innovation - The company has developed proprietary technologies, including the GreenThumb 2.0 software and Self-Watering displays, to optimize growing conditions and extend product shelf life [5] - Edible Garden holds multiple patents in aquaculture technologies, enhancing its innovative capabilities in sustainable farming practices [5] Group 5: Recognition and Initiatives - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company also markets a range of nutrition and specialty food products, including plant and whey protein powders, and gourmet condiments [6]
Edible Garden Now Available at DUMBO Market and Marrazzo's Market
Globenewswire· 2025-11-20 12:30
Core Insights - Edible Garden AG Incorporated has expanded its distribution of USDA Organic herbs and sustainably grown produce to new retail partners, DUMBO Market in Brooklyn and Marrazzo's Market in New Jersey, enhancing access to fresh, sustainable food options in the Northeast [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [4] - It has state-of-the-art greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Market Position and Recognition - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability [6] - The company also develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments [7]