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Edible Garden Receives Preliminary Approval to Sell Up to $3.35 Million in Tax Credits Through NJEDA Program
Globenewswire· 2025-10-30 12:00
Core Insights - Edible Garden AG Incorporated has received preliminary approval from the New Jersey Economic Development Authority (NJEDA) to transfer up to approximately $3.35 million of unused net operating losses and R&D tax credits, which could provide non-dilutive capital for growth and innovation [1][2][4] Group 1: Financial Implications - The approval allows Edible Garden to generate up to approximately $3.35 million in cash proceeds, which can be used to support working capital, growth initiatives, and innovation [2][4] - The transaction is contingent upon identifying an approved corporate buyer and final allocation under the NJEDA's Technology Business Tax Certificate Transfer Program [2][3] Group 2: Program Overview - The NJEDA NOL Program enables qualified New Jersey-based technology and innovation-driven companies to convert unused net operating losses and R&D credits into working capital, creating a non-dilutive source of liquidity [3] - The program is part of New Jersey's $75 million annual allocation aimed at fostering innovation and business expansion [3] Group 3: Company Background - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through its advanced farming model [5] - The company operates state-of-the-art greenhouses and processing facilities across the U.S. and partners with contract growers to ensure freshness and reduce environmental impact [5][6] - Edible Garden has developed proprietary technologies, including the GreenThumb software and Self-Watering displays, to optimize growing conditions and enhance product presentation [6]
Edible Garden Strengthens Midwest Operations With Expanded Production Capacity at Heartland Facility in Grand Rapids, Michigan
Globenewswire· 2025-10-28 13:15
Core Insights - Edible Garden AG Incorporated has completed an additional production line at its Grand Rapids facility to enhance production capacity and meet growing demand ahead of the holiday season, which is traditionally the company's busiest quarter [1][2] - The new production line will improve efficiency and scalability, allowing the company to better serve major retail partners such as Kroger, Meijer, and Walmart [1][2] - The expansion is part of Edible Garden's strategic growth in the Midwest, streamlining logistics and reducing reliance on third-party suppliers [1][2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through its Zero-Waste Inspired farming model [3] - The company operates in over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and sustainable practices [3] - Edible Garden utilizes patented technologies, including the GreenThumb® greenhouse management platform, to enhance operational efficiency and product quality [4] Product Offerings - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and a line of fresh, sustainable condiments [5][6] - Edible Garden's product line includes Vitamin Way® and Vitamin Whey® for health-conscious consumers, as well as fermented gourmet sauces and pickles [5][6]
Edible Garden Joins the CEA Alliance — Partnering with Growers, Suppliers, and Retailers to Shape the Future of Controlled Environment Agriculture & AgTech
Globenewswire· 2025-10-23 13:15
Core Insights - Edible Garden AG Incorporated has joined the Controlled Environment Agriculture (CEA) Alliance to enhance its role in indoor agriculture and promote food safety, sustainability, and innovation [1][3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through its Zero-Waste Inspired® farming model [5] - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major U.S. markets [5] Sustainability Initiatives - The company's membership in the CEA Alliance aligns with its support for Walmart's Project Gigaton, aimed at reducing greenhouse gas emissions across supply chains [2] - Edible Garden is recognized as a Giga Guru member of Walmart's sustainability initiative and demonstrates measurable progress towards sustainability goals [2][8] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life [6] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [7] Industry Collaboration - The CEA Alliance serves as a platform for networking, advocacy, and education among greenhouse and indoor growers, suppliers, and retailers, focusing on food safety and sustainability [3] - Edible Garden's involvement in the Alliance allows it to engage with industry leaders and contribute to best practices in indoor farming [4]
Edible Garden Brings Full Product Line to Associated Supermarket and Brooklyn Harvest Market in New York City
Globenewswire· 2025-10-21 12:30
Core Insights - Edible Garden AG Incorporated is expanding its retail distribution network by partnering with Associated Supermarket and Brooklyn Harvest Market in New York, making its full product line available to metro NY consumers [1][3][4] - The Pickle Party® product line, developed with Hermann Pickle Company, features sustainably sourced, fermented Kosher, Non-GMO pickles and sauerkraut, emphasizing freshness and quality [2][7] - The partnerships with these retailers reflect a shared commitment to sustainability, freshness, and community engagement, enhancing Edible Garden's reach in the New York metropolitan area [3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through a Zero-Waste Inspired® farming model [5][6] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [5][6] - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing conditions and aims to reduce food miles, while its patented Self-Watering display enhances plant shelf life [6][7] Product Offerings - The company offers a range of products including potted and cut herbs, hydroponic greens, and the Pickle Party® line, catering to the growing consumer demand for sustainable food options [1][4] - Additional product lines include nutrition and specialty food products like Vitamin Way® and Vitamin Whey®, as well as fresh condiments such as Pulp fermented sauces [7]
Edible Garden to Highlight USDA Organic Hydroponic Basil at the 2025 Global Produce & Floral Show, Booth #1856, October 16–18 at the Anaheim Convention Center in Anaheim, California
Globenewswire· 2025-10-16 13:25
Core Insights - Edible Garden AG Incorporated is showcasing its leadership in controlled environment agriculture (CEA) at the 2025 Global Produce & Floral Show, emphasizing its commitment to sustainability and innovation in fresh produce [2][3] - The company introduced USDA Organic Hydroponic Basil, a pioneering product that combines hydroponic efficiency with organic certification, significantly reducing water usage by up to 90% compared to conventional farming [2][4] - Edible Garden operates over 5,000 retail locations across the U.S., Caribbean, and South America, highlighting its extensive market reach and commitment to local, sustainable agriculture [4][6] Company Overview - Edible Garden is recognized for its Zero-Waste Inspired® farming model, which focuses on minimizing waste and maximizing freshness in produce [2][4] - The company utilizes advanced technologies, including patented GreenThumb software and Self-Watering displays, to enhance growing conditions and extend product shelf life [7][8] - Edible Garden has been acknowledged as a FoodTech 500 firm and is a participant in Walmart's Project Gigaton sustainability initiative, reflecting its commitment to environmental responsibility [8] Event Highlights - The 2025 Global Produce & Floral Show is expected to attract over 20,000 attendees and 1,100+ exhibitors, providing a platform for networking and innovation in the fresh produce and floral supply chains [3] - Edible Garden's booth (1856) will feature its Hydroponic Basil, showcasing the company's advancements in freshness and sustainability [2][5]
Edible Garden Enters into Warrant Exercise Transaction for $4.2 Million in Gross Proceeds
Globenewswire· 2025-10-16 13:20
Core Viewpoint - Edible Garden AG Incorporated has entered into a warrant exercise agreement with an accredited investor, resulting in the immediate exercise of existing warrants for cash and the issuance of new unregistered warrants to purchase additional shares of common stock [1][2]. Group 1: Warrant Exercise Agreement - The company has agreed to exercise 2,021,571 shares of common stock through existing warrants, with the exercise price reduced to $2.06 per share, matching the most recent closing price [1][2]. - The proceeds from this exercise are expected to be approximately $4.2 million before fees and expenses [2]. Group 2: New Warrants - The new warrants allow the purchase of an aggregate of 4,043,142 shares of common stock at the same exercise price of $2.06 per share and will expire five years from the issuance date [2]. - These new warrants were offered in a private placement and have not been registered under the Securities Act, limiting their sale to accredited investors [3]. Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with products available in over 5,000 retail locations across the U.S., Caribbean, and South America [5]. - The company operates advanced greenhouses and processing facilities, utilizing innovative technologies such as the GreenThumb software and Self-Watering displays to enhance sustainability and product quality [5][6]. Group 4: Product Offerings - Edible Garden develops a range of nutrition and specialty food products, including plant and whey protein powders, as well as sustainable condiments and fermented products [7][8].
Edible Garden Now Available at Kroger’s
Globenewswire· 2025-10-14 12:30
Core Insights - Edible Garden AG Incorporated has begun shipping fresh potted and cut herbs to Kroger, marking a significant expansion in its distribution network and commitment to sustainable growth [2][4]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [5]. - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including New Jersey, Michigan, and Iowa [5]. - Edible Garden's products are available in over 5,000 retail locations across the U.S., Caribbean, and South America [5]. Strategic Initiatives - The partnership with Kroger aligns with Edible Garden's Zero-Waste Inspired® mission and Kroger's Zero Hunger | Zero Waste initiative, emphasizing a shared commitment to sustainability and community-focused food systems [4]. - The company utilizes proprietary technologies, such as the GreenThumb 2.0 software and patented Self-Watering displays, to enhance product freshness and reduce environmental impact [6]. Product Offerings - Edible Garden offers a variety of fresh herbs, nutrition products, and specialty food items, including plant and whey protein powders, gourmet sauces, and fermented products [7]. - The company is recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative [7].
Edible Garden to Feature First-to-Market USDA Organic Hydroponic Basil at the 2025 Global Produce & Floral Show, October 16–18, 2025, at the Anaheim Convention Center in Anaheim, California
Globenewswire· 2025-10-09 12:30
Core Insights - Edible Garden AG Incorporated will showcase its USDA Certified Organic Hydroponic Basil at the Global Produce & Floral Show from October 16–18, 2025, in Anaheim, California [1][2] - The company emphasizes its commitment to sustainable agriculture, highlighting that its hydroponic basil uses up to 90% less water than conventional farming and reduces food waste through its innovative root-on, living format [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable 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 vertically integrated greenhouses and processing facilities, including locations in Grand Rapids, Michigan, Webster City, Iowa, and Belvidere, New Jersey, while partnering with contract growers near major U.S. markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse growing conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life and enhances in-store presentation [5] - The company holds multiple patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [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 [6] - The company offers a range of nutrition and specialty food products, including plant and whey protein powders, gourmet sauces, and fermented products [6]
Edible Garden Ships Kick. Sports Nutrition to PriceSmart Club Stores
Globenewswire· 2025-10-07 12:30
Core Insights - Edible Garden AG Incorporated has launched its award-winning clean-label Pre & Post Workout Kick. Sports Nutrition bundle internationally through PriceSmart warehouse clubs, targeting health-conscious athletes seeking better options [1][4] - The Kick. Sports Nutrition line has been recognized as the 2025 Sports Nutrition Product of the Year by the Mindful Awards, highlighting its position as a clean-label leader in the market [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products, with a commitment to a Zero-Waste Inspired® farming model [5] - The company operates over 5,000 retail locations across the United States, Caribbean, and South America, and is distinguished by its advanced safety protocols and sustainable practices [5][6] Product Details - The Kick. Sports Nutrition bundle includes a pre-workout formula designed to enhance intensity, muscle growth, and endurance, and a post-workout blend featuring a 2:1:1 amino acid complex, B vitamins, and electrolytes for faster recovery [3] - The product line also includes whey and plant-based proteins fortified with digestive enzymes and hydration-energy products that replenish electrolytes, reinforcing the brand's "clean, clear, and concise" philosophy [3] Strategic Partnerships - The partnership with PriceSmart aims to increase the availability of Kick. Sports Nutrition products to a growing base of active consumers, with plans for further expansion including a launch on Amazon [4] - This initiative aligns with consumer trends towards healthier lifestyles and the demand for simplicity and quality in nutrition products [4] Innovation and Technology - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, alongside patented technologies for enhancing product shelf life and in-store presentation [6] - The company is recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative, showcasing its commitment to innovation and sustainability in the food industry [7]
Edible Garden announces expansion of national retail distribution network
Yahoo Finance· 2025-09-24 12:41
Core Insights - Edible Garden (EDBL) is expanding its national retail distribution network through a partnership with Pete's Fresh Market, a growing supermarket chain in Chicago [1] Group 1: Company Expansion - The partnership with Pete's Fresh Market is described as a strategic collaboration that aligns with Edible Garden's values of freshness, sustainability, and community focus [1] - This collaboration aims to enhance Edible Garden's presence in a dynamic grocery market while making sustainably grown, locally sourced produce more accessible [1]