Edible Garden Reports Preliminary 30% Year-over-Year Sales Growth in Vitamins and Supplements for the Second Quarter of 2024

Core Insights - Edible Garden AG Incorporated reported over 30% year-over-year sales growth in its Vitamins and Supplements products for the second quarter, which is expected to positively impact profitability and cash flow from operations [1][5][6] Group 1: Company Performance - The strong performance in Vitamins and Supplements is attributed to an integrated marketing strategy aimed at increasing consumer adoption through promotional and brand awareness activities [2] - The company introduced two new flavors, 'Ice Cream Cake' and 'Orange Creamsicle,' which have reinforced its reputation as the 'Flavor Maker' in the industry [2] - The partnership with Nutracom has been crucial for the company's success, with plans to explore more innovative flavor possibilities [2] Group 2: 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 in the U.S. [3] - The company utilizes patented technologies such as GreenThumb software and self-watering displays to optimize growing conditions and enhance product shelf life [3] - Edible Garden also develops plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, along with sustainable food flavoring products [3]