Edible Garden Completes Phase Two of Packhouse Buildout at Company's Flagship Belvidere NJ Facility

Core Insights - Edible Garden AG Incorporated has completed phase 2 of its packhouse buildout at its greenhouse facility in Belvidere, NJ, which is expected to enhance the company's production capacity and operational efficiency [1][2] Group 1: Company Developments - The new processing and cross-docking facilities will optimize efficiency and capabilities, allowing the company to better serve over 5,000 retail outlets in its distribution network [2] - The integration of the patented GreenThumb system, a cloud-based platform, is anticipated to significantly increase production capabilities and improve gross profit margins in the future [2] - The final phase of construction will include integrated refrigeration, warehousing, and corporate offices, further enhancing operational capabilities [2] Group 2: Industry Positioning - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and is backed by its Zero-Waste Inspired® farming approach [3] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, NJ, and Grand Rapids, MI, and has a network of contract growers strategically located near major U.S. markets [3] - Edible Garden's proprietary technologies, including the GreenThumb software and self-watering displays, aim to reduce pollution and enhance the in-store experience for consumers [3]