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 the Belvidere, NJ greenhouse facility, enhancing processing and warehousing capabilities [1][2] - The integration of the patented GreenThumb technology is expected to optimize operational efficiency and significantly increase production capabilities, potentially improving gross profit margins [2][3] - The company operates over 5,000 retail outlets in the U.S. and is focused on sustainable agriculture through its Zero-Waste Inspired® mission [2][3] Company Developments - The second phase of the packhouse includes new processing and cross-docking facilities, aimed at better serving the extensive distribution network [2] - The final phase of construction will incorporate integrated refrigeration, warehousing, and corporate offices [2] - Edible Garden is recognized for its innovative practices in controlled environment agriculture (CEA) and sustainable produce [3] Technology and Innovation - The GreenThumb system is a cloud-based platform that manages greenhouse operations and streamlines demand planning, crucial for enhancing operational efficiency [2][3] - The company utilizes patented technologies such as self-watering displays to improve plant shelf life and enhance in-store experiences [3] Market Position - Edible Garden is positioned as a leader in the CEA sector, with a focus on organic and sustainable produce, disrupting traditional farming methods [3] - The company has a network of contract growers strategically located near major U.S. markets, supporting its distribution efforts [3]