Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [5] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, with a network of contract growers near major U.S. markets [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 - Edible Garden plans to launch its new "Better for You" product line, Kick. Sports Nutrition, exclusively on Amazon in Q1 2025 [1][3] - The Kick. Sports Nutrition line includes clean-label sports nutrition solutions such as protein powders, plant-based proteins, and hydration products, catering to modern athletes' needs [2][3] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a significant opportunity for the new product line [2] Strategic Partnerships - The launch is supported by a partnership with Pirawna, experts in optimizing Amazon workflows, to ensure a strong market entry [3][4] - Pirawna manages over $500 million in annual Amazon revenue and has a track record of success in the sports nutrition sector [4] Market Positioning - Kick. Sports Nutrition aims to provide premium performance products at an affordable price, addressing the evolving preferences of athletes for personalized and clean-label options [3] - The product line is designed to support athletes across various disciplines, including weight training, basketball, and cross-country running [3]

Growth Strategy - The Narayan Group's growth strategy includes entry into the United States and Canadian markets, as well as strategic acquisitions in the food segment [1] - The company expects to achieve combined revenues exceeding $60 million in 2025 through its integration with Edible Garden's North American distribution network [5] Financial Performance - The Narayan Group reported a net profit of $0.942 million and EBITDA of $3.0 million for the year ended December 31, 2023 [3] - Net sales revenue grew from $12.1 million in 2020 to $26.9 million in 2023, with expected annual revenue of approximately $31.5 million for 2024 [6][4] - The company generated over $22 million in revenue during the first nine months of 2024, with Q4 revenue expected to exceed $9.5 million [4] Product Segments - The Narayan Group operates in two core food product segments: Organic Coconut and Superfoods Products [11] - Organic coconut products include virgin and refined coconut oils, coconut flour, coconut sugar, and coconut syrup, available in various packaging and flavors [12] - Superfoods products include spices, grains, seeds, nuts, cereals, fruits, syrups, ready-to-cook meals, and toppings such as quinoa, chia seeds, and goji berries [18] Market Reach - The Narayan Group's products are sold in over 75,000 retail stores globally, primarily within the EU, and are distributed by major retailers like Lidl, Kaufland, and Aldi [10] - The company ranks among the top 1,000 global suppliers to Schwarz Group (Lidl & Kaufland) and Aldi, which are ranked 3 and 4 in global food retail by international revenues [10] Strategic Transaction with Edible Garden - Edible Garden signed a non-binding LOI to acquire 100% of Narayan Group's share capital, with the transaction expected to close subject to due diligence and financing conditions [4][8][9] - The combined entity aims to leverage Narayan's European market leadership and Edible Garden's CEA technology to expand in North America and Europe [7] - The transaction is expected to drive operational efficiencies, cross-selling opportunities, and scalable growth in the organic and sustainable food market [7] Financial Reporting - The Narayan Group uses non-IFRS financial measures, including EBITDA, to complement its IFRS reporting and provide insights into operational performance [3] - Financial statements are prepared in accordance with IFRS, while Edible Garden follows GAAP, with differences between the two standards noted [14][20]

Core Insights - Edible Garden AG Incorporated has launched an innovative customer service platform that complements its Green Thumb 2.0 greenhouse management system, aimed at enhancing operational efficiency for small to medium-sized retailers [1][2][3] - The new platform simplifies preorder and standing order management while improving delivery routing, supporting the company's Zero-Waste Inspired® mission and ensuring greenhouse-to-grocer product delivery within 24 hours [2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with its products available in over 5,000 stores across the U.S. [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 strategically located near major U.S. markets [4] - Edible Garden utilizes patented technologies such as the GreenThumb 2.0 software and self-watering displays to optimize growing conditions and enhance product shelf life [4] Commitment to Sustainability - The company emphasizes its commitment to sustainability through its Zero-Waste Inspired® mission, which aims to reduce waste and promote sustainable practices in agriculture [2][3] - Edible Garden's initiatives include the use of sustainable packaging and safety-in-farming protocols, contributing to a more sustainable supply chain [4]

Company Overview - Edible Garden AG Incorporated is an emerging growth company [3] - The company's common stock and warrants are traded on The Nasdaq Stock Market LLC under the symbols EDBL and EDBLW respectively [2] - The company's principal executive offices are located at 283 County Road 519, Belvidere, New Jersey, 07823 [2] - The company's telephone number is (908) 750-3953 [2] Financial Reporting - Edible Garden AG Incorporated reported preliminary financial results for the Christmas holiday period on January 8, 2025 [3] - The company's press release is included as Exhibit 99.1 in the Form 8-K filing [3] - The Form 8-K filing includes a cover page interactive data file embedded within the Inline XBRL document [6] - The report was signed by James E. Kras, President and Chief Executive Officer of Edible Garden AG Incorporated [9] Regulatory Compliance - The company has elected not to use the extended transition period for complying with new or revised financial accounting standards [3] - The information in the Form 8-K filing is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 [4]

Core Insights - Edible Garden AG Incorporated reported over 45% year-over-year increase in preliminary herbs and produce sales during the key holiday period [1][2] - The company experienced a record-breaking Thanksgiving period with preliminary sales increasing by more than 50% compared to the previous year [2] - Edible Garden's distribution network includes over 5,000 retail locations, partnering with major retailers such as Walmart and Target [2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [3] - Edible Garden utilizes patented technologies such as GreenThumb software and self-watering displays to enhance product quality and sustainability [3] Performance Metrics - Fulfillment rate is a key performance metric for the company, defined as the percentage of orders filled in full relative to total orders received [4] - The company emphasizes its high fulfillment rates as a cornerstone of its success and reliability as a supplier [2][4] Financial Disclosures - Preliminary financial data is based on estimates and is subject to internal review, not reflecting the complete financial results for the quarter [6][7] - The reported sales figures for herbs and produce do not include revenue from vitamins and supplements, indicating that overall revenue may differ [6][7]

Core Insights - Edible Garden AG Incorporated has received a grant from the Going PRO Talent Fund to enhance workforce development and training initiatives [1][2] - The funding will support training in quality control, facilities management, and production oversight, as well as on-the-job training for new hires [2] - The company aims to optimize supply chain management and operational excellence through its proprietary GreenThumb greenhouse technology [2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company operates state-of-the-art greenhouses in New Jersey and Michigan, and has a network of contract growers near major U.S. markets [3] - Edible Garden's proprietary technologies include GreenThumb software for optimizing growth and self-watering displays to enhance plant shelf life [3] Product Offerings - The company offers a range of products including plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands [3] - Edible Garden also features a line of sustainable food flavoring products, including Pulp gourmet sauces and chili-based items [3]

Core Insights - Edible Garden AG Incorporated has received a grant from the Going PRO Talent Fund to support workforce development at its Heartland facility in Grand Rapids, Michigan [1][2] - The grant will fund training in quality control, facilities management, and production oversight, enhancing employee skills and supporting internal growth [2] - The initiative aims to optimize supply chain management and improve operational efficiency using proprietary GreenThumb technology, which has already led to increased shipping and fill rates [2] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan, with a network of contract growers near major U.S. markets [3] - Edible Garden utilizes patented technologies, including GreenThumb software and self-watering displays, to enhance plant shelf life and reduce food miles [3]

Core Viewpoint - Edible Garden AG Incorporated has entered into an agreement with an institutional investor to exercise 8,330,000 Class B Warrants, generating approximately $2.8 million in net proceeds for the company [1][2]. Group 1: Warrant Exercise Agreement - The institutional investor will exercise 8,330,000 outstanding Class B Warrants at an exercise price of $0.36 per share [1]. - The exercise of these warrants will result in the issuance of new Class A and Class B Warrants, each allowing the purchase of up to 8,330,000 shares of common stock at the same exercise price of $0.36 per share [3]. - The new Class A Warrants will expire five years from issuance, while the new Class B Warrants will expire eighteen months from issuance [3]. Group 2: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [7]. - 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 [7]. - Edible Garden utilizes patented technologies such as the GreenThumb software and self-watering displays to enhance its farming efficiency and sustainability [7].

Financial Performance - Gross profit for the first nine months of 2024 surged by $1.7 million, a 324% increase compared to the same period in 2023[1] - Gross profit margin expanded by 27% in Q3 2024 compared to Q3 2023[2] - Revenue for Q3 2024 was $2.6 million, down from $3.3 million in Q3 2023 due to the strategic shift away from lower-margin products[4] - Net loss for Q3 2024 was $2.1 million, an improvement from a net loss of $2.4 million in Q3 2023[7] - Revenue for Q3 2024 was $2.584 million, a decrease of 21.4% compared to $3.289 million in Q3 2023[17] - Gross profit for Q3 2024 was $699 thousand, a significant increase from $12 thousand in Q3 2023[17] - Net loss for Q3 2024 was $2.063 million, an improvement from $2.431 million in Q3 2023[18] - Revenue for the nine months ended September 30, 2024, was $9.985 million, slightly higher than $9.965 million in the same period in 2023[17] - Gross profit for the nine months ended September 30, 2024, was $2.289 million, up from $540 thousand in the same period in 2023[17] - Net loss for the nine months ended September 30, 2024, was $7.972 million, compared to $5.948 million in the same period in 2023[18] - Selling, general, and administrative expenses for Q3 2024 were $2.189 million, down from $2.387 million in Q3 2023[17] - Interest expense, net for Q3 2024 was $409 thousand, significantly higher than $57 thousand in Q3 2023[17] - Weighted-average number of common shares outstanding for Q3 2024 was 3,160,392, up from 175,762 in Q3 2023[18] - Net loss per common share for Q3 2024 was $0.65, compared to $13.83 in Q3 2023[18] Product Sales and Market Growth - Cut herbs sales increased by 55% year-over-year for the first nine months of 2024[2] - The Pulp Flavors line of gourmet sauces experienced sales growth in Q3 2024, supported by an expanded distribution network[2] - The global sauces and condiments market is projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028[3] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032[3] Funding and Grants - The company raised approximately $5.65 million in gross proceeds through a September S1 offering, with $3.2 million allocated to pay down debt due in 2025[2] - The company received grants from the USDA Organic Certification Program to support organic certification and R&D for new organic product innovations[3]

Core Insights - Edible Garden AG Incorporated reported a 51% year-over-year increase in preliminary sales results for the Thanksgiving period, indicating strong demand for its fresh, sustainable products [1][2] - The company maintains an industry-leading fulfillment rate exceeding 98%, which is a key factor in its operational success and customer satisfaction [2][5] - Edible Garden operates over 5,000 stores in the U.S. and is recognized for its innovative practices in controlled environment agriculture (CEA) and sustainability [3] Sales Performance - The sales increase reflects results for the weeks of November 8-24, 2024, compared to the same weeks in 2023 [4] - The company attributes its sales growth to a focus on its complete herb line and core strengths, enhancing its market position [2] Operational Excellence - The fulfillment rate is defined as the percentage of orders filled in full relative to total orders received, serving as a critical performance metric for the company [5] - Edible Garden's commitment to quality and dependability strengthens relationships with retail partners and enhances its distribution network [2] Company Overview - Edible Garden is a leader in CEA, offering locally grown, organic, and sustainable produce, and operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan [3] - The company utilizes patented technologies such as GreenThumb software and self-watering displays to optimize production and reduce environmental impact [3]