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 categories [13][15] - 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][14] - 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 [15] 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][13] - 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 the company's vertical integration strategy [11][41] Company Strategy and Development Direction - The company is realigning towards higher margin, shelf-stable products, which is gaining traction and contributing to margin expansion [6][8] - The acquisition of Natural Shrimp Farms is aimed at enhancing R&D capabilities and supporting sustainability initiatives [11][41] - The company is focused on expanding its national retail presence and leveraging patented in-store merchandising solutions [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic transformation and the potential for long-term value creation for customers and shareholders [12][41] - The company is optimistic about the growth of its non-perishable product lines and the positive impact of recent acquisitions on its operational foundation [41][42] Other Important Information - The company has been recognized in the FoodTech 500 as a top 50 company, highlighting its leadership in controlled environment agriculture [12] - Sustainability initiatives have helped avoid significant amounts of virgin plastic and conserve resources, reinforcing the company's commitment to environmental responsibility [12] 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 product offerings [18][19][21] Question: What were the revenues for Natural Shrimp in 2024, and will it be margin accretive? - Management indicated that current revenues are nominal, but future growth and margin improvements are expected as the business is expanded and integrated [24][25] Question: How did the sports nutrition line perform this quarter? - Management expressed enthusiasm about the sports nutrition line, noting new distribution agreements and upcoming product launches that are expected to drive growth [26][30] Question: What are the drivers behind the sustained improvement in gross margin? - Management attributed the improvement to strategic investments in people, products, and marketing, as well as a focus on SKU rationalization and diversification of the product portfolio [35][37]

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]

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] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, along with a network of contract growers [5] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative [5] Product Launch - The Kick. Sports Nutrition product line is now available at a major Midwest big-box retailer, marking a significant step in the brand's omnichannel go-to-market strategy [1][3] - The product line includes clean-label, functional products such as plant-based and whey protein powders, with plans to expand into pre-workout, post-workout, and hydration formulations [2] Market Potential - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a strong demand for natural and effective health solutions [3] - Edible Garden's omnichannel approach aims to meet this demand by providing convenience, value, and clean ingredients through both retail and online channels [3] Strategic Partnerships - The company is preparing for an e-commerce launch on Amazon, collaborating with Pirawna, a Verified Amazon Partner, to enhance its online distribution strategy [3] - This integrated distribution strategy combines the reach of physical retail with the scale of e-commerce, improving accessibility and brand visibility [3]

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] - 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 [5] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative [5] Product Launch - The Kick. Sports Nutrition product line is now available at a major Midwest big-box retailer, marking a significant step in the brand's omnichannel go-to-market strategy [1][3] - The product line includes clean-label, functional products such as plant-based and whey protein powders, with plans to expand into pre-workout, post-workout, and hydration formulations [2] Market Potential - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a strong demand for natural and effective health solutions [3] - Edible Garden's omnichannel approach aims to meet this demand by providing convenience, value, and clean ingredients through both retail and online channels [3] Strategic Partnerships - The company is preparing for an e-commerce launch on Amazon, collaborating with Pirawna, a Verified Amazon Partner, to enhance its online distribution strategy [3] - This integrated distribution strategy combines the reach of physical retail with the scale of e-commerce, improving brand visibility and consumer accessibility [3]

Core Points - Edible Garden AG Incorporated announced a special Earth Day collaboration with Chef JJ Johnson to promote sustainability and community engagement through the distribution of complimentary USDA Organic potted herbs at FIELDTRIP restaurants in New York City [1][2] - The initiative aligns with Edible Garden's Zero-Waste Inspired® mission, emphasizing sustainable farming practices and eco-conscious packaging to reduce environmental impact [2][10] - Chef JJ Johnson views this collaboration as a way to inspire home cooking and a deeper connection to sustainability by encouraging individuals to nurture their own herbs [5][4] 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 across the US, Caribbean, and South America [10] - The company utilizes patented technologies such as GreenThumb software and Self-Watering displays to optimize growing conditions and enhance product shelf life [10] - Edible Garden is recognized as a FoodTech 500 company and is a participant in Walmart's Project Gigaton sustainability initiative [10] Chef JJ Johnson's Profile - Chef JJ Johnson is an award-winning chef known for his commitment to sustainability and making ethically sourced food accessible [6][4] - He is the founder of FIELDTRIP, a restaurant that emphasizes rice as a key ingredient and utilizes sustainable practices [7] - Johnson is also involved in various community initiatives focused on food justice and equity [9]

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]