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BioHarvest Sciences Announces Strategic CDMO Partnership to Revolutionize Saffron Compound Production with Botanical Synthesis
Newsfile· 2025-10-30 11:30
Core Insights - BioHarvest Sciences has entered a strategic CDMO partnership with Saffron Tech to enhance the production of saffron-derived botanical compounds using its patented Botanical Synthesis technology [1][3][5] - The partnership aims to address the challenges of saffron cultivation, which is labor-intensive and geographically limited, by utilizing cell-based production methods [8][12] Company Overview - BioHarvest Sciences is a biotechnology company specializing in Botanical Synthesis, allowing for the production of plant-based compounds without the need to grow the plants themselves [13] - Saffron Tech, founded in 2020, has developed advanced cultivation methods that enable year-round production of high-quality saffron, significantly increasing yield compared to traditional methods [2][12] Partnership Details - The agreement stipulates that Saffron Tech will own 75% of the developed saffron compositions, while BioHarvest will retain 25% [4] - The collaboration will involve simultaneous development phases, which could expedite the time to market for saffron-derived products [3][7] Market Potential - Saffron is the world's most expensive spice, retailing for over $10,000 per kilogram, and is primarily sourced from Iran, which accounts for over 80% of global production [2][8] - The partnership aims to create a sustainable and controlled production alternative to meet the growing global demand for saffron-based wellness products [8][12] Financial Performance - BioHarvest's preliminary revenue for Q3 2025 is expected to be approximately $9.1 million, with an adjusted EBITDA range of ($0.7 million) to ($0.4 million) [9][11] - Guidance for Q4 2025 indicates a revenue range of $9 million to $9.5 million, with adjusted EBITDA expected to be between ($0.6 million) and $0.0 million [10][11]
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]
Village Farms International to Report Q3 2025 Results on November 10, 2025
Globenewswire· 2025-10-26 11:00
Core Insights - Village Farms International, Inc. will host a conference call on November 10, 2025, at 8:30 a.m. ET to discuss its third quarter 2025 financial results [1][2] - The company expects to release its financial results on the same day at 7:00 a.m. ET [2] Company Overview - Village Farms is a large-scale, vertically-integrated supplier of high-value, plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [4] - The company has a strong foundation as a leading fresh produce supplier in the US and Canada, while now focusing on high-growth cannabinoid opportunities internationally [4] Cannabis Operations - In Canada, Village Farms' subsidiary Pure Sunfarms is one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and is recognized as a low-cost producer [5] - The company owns an additional 2.6 million square feet of greenhouse capacity in Canada for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [5] International Expansion - Village Farms is targeting legal cannabis opportunities internationally, exporting medical cannabis from its EU GMP certified facility in Canada to markets such as Germany, the UK, Israel, Australia, and New Zealand [6] - The company is expanding its export business and making investments in international production assets, including a license to grow and distribute recreational cannabis in the Netherlands [6] US Market Strategy - In the US, Village Farms' subsidiary Balanced Health Botanicals is a leading CBD and hemp-derived brand, with plans to enter the US THC market leveraging its Texas-based greenhouse assets [7] - The company has 2.2 million square feet of existing greenhouse capacity and 950 acres of owned land for future expansion in the US [7] Renewable Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, generates renewable natural gas from landfill gas at its Delta RNG facility, receiving royalties on all generated revenue [8]
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 Expands Pickle Party™ Distribution Across Metro New York with Associated and Trade Fair Supermarkets, Adds FoodTown in Newburgh, NY as the Summer of Pickle Party™ Continues
Globenewswire· 2025-08-20 13:10
Core Insights - Edible Garden AG Incorporated is expanding its Pickle Party™ line through new retail placements in New York, enhancing its market presence and aligning with seasonal demand for fresh condiments [1][3] - The Pickle Party™ line is a unique functional pickle product created in collaboration with Hermann Pickle Company, focusing on health benefits and clean-label integrity [2][3] - The company's strategy emphasizes partnerships with respected regional grocers to drive sustainable growth and long-term value [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable products through a Zero-Waste Inspired® farming model [4] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [4] - Edible Garden's proprietary GreenThumb software optimizes growing conditions and aims to reduce food miles, while its patented Self-Watering display enhances product shelf life [5] Product Offerings - The company offers a range of nutrition and specialty food products, including plant and whey protein powders, and a line of fresh condiments like Pulp sauces and Pickle Party products [6] - Pickle Party™ products are raw, refrigerated, fermented, Kosher, and Non-GMO, designed to support digestive health with bold flavors [2][6]
Edible Garden Delivers Strong Performance Across Core and Key Segments, Driven by Strategic Portfolio Transformation
Globenewswire· 2025-08-14 11:30
Core Viewpoint - Edible Garden AG Incorporated is focusing on optimizing its product portfolio by exiting low-margin product lines and investing in higher-margin, innovative consumer packaged goods, particularly in the controlled environment agriculture (CEA) sector, to meet growing consumer demand for quality and sustainability [2][4]. Financial Performance - For the three months ended June 30, 2025, the company reported revenue of $3.1 million, a decrease from $4.3 million in the same period in 2024, primarily due to the exit from low-margin floral and lettuce categories [7]. - Gross profit for the quarter was $634,000, down from $1.56 million in Q2 2024, reflecting changes in product mix and increased costs [8]. - Selling, general and administrative expenses rose to $4.2 million from $2.7 million year-over-year, driven by legal costs related to acquisitions [9]. - The net loss for the quarter was $4.0 million, compared to a net loss of $1.9 million in Q2 2024, attributed to higher expenses and reduced revenue from exited categories [10]. Strategic Initiatives - The company has exited underperforming product lines and is investing in CEA-informed, better-for-you shelf-stable products, which are expected to enhance profitability and market leadership [4][5]. - Private label products sold through major retailers increased by 19.1% year-over-year, with notable growth in hydroponic basil (up 7.1%), potted herbs (up 6.4%), and wheatgrass (up 4.1%) [5]. - International revenue from vitamins and supplements surged by 66.5% due to new distribution partnerships [5]. Market Trends - The global functional food and beverage market is projected to grow from $400 billion to $610 billion by 2030, with U.S. sales of natural, organic, and functional products expected to reach $386 billion by 2028, growing at approximately 5% annually [4]. Operational Developments - The acquisition of the NaturalShrimp aquaculture facility in Iowa is expected to enhance research and development in aquaponics and improve distribution efficiency [4]. - The company is advancing its strategic priorities in innovation and operational sustainability, with a focus on expanding its digital marketing reach and e-commerce sales [4].
Edible Garden Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
Globenewswire· 2025-08-05 13:00
Core Viewpoint - Edible Garden AG Incorporated, a leader in controlled environment agriculture, will host a conference call on August 14, 2025, to discuss its financial results for the second quarter of 2025 and provide a business update [1]. Company Overview - Edible Garden is recognized for its sustainable produce and products, operating under a Zero-Waste Inspired farming model [4]. - The company has over 5,000 retail locations across the U.S., Caribbean, and South America, emphasizing its role in the CEA and sustainability technology movement [4]. - It operates advanced vertically integrated greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers near major U.S. markets [4]. Technology and Innovations - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, protected by multiple U.S. patents [5]. - The patented Self-Watering display is designed to extend plant shelf life and enhance in-store presentation [5]. - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5]. Recognition and Product Offerings - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6]. - The company markets a range of nutrition and specialty food products, including plant and whey protein powders, and a line of sustainable condiments [6].
Hydrofarm Holdings Group, Inc. to Announce Second Quarter 2025 Results on August 12, 2025
Globenewswire· 2025-07-31 20:05
Company Overview - Hydrofarm Holdings Group, Inc. is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA) [3] - The company offers a range of products including grow lights, climate control solutions, grow media, and nutrients, along with a portfolio of innovative proprietary branded products [3] - With over 40 years of experience, Hydrofarm aims to empower growers, farmers, and cultivators by providing products that enhance quality, efficiency, consistency, and speed in their growing projects [3] Upcoming Events - Hydrofarm will host a conference call to review its second quarter 2025 results on August 12, 2025, at 8:30 AM ET [1] - A press release with the second quarter 2025 results will be issued before the market opens on the same day [1] - The conference call can be accessed live by dialing 1-800-445-7795 and entering the conference ID: HYFMQ2, and it will also be available as a webcast on the corporate website [2]
Village Farms International to Report Q2 2025 Results on August 11, 2025
Globenewswire· 2025-07-30 21:00
Company Overview - Village Farms International, Inc. is a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [4] - The company has a strong foundation as a leading fresh produce supplier in the US and Canada, now focusing on high-growth cannabinoid opportunities internationally [4] Cannabis Operations - In Canada, the company's subsidiary Pure Sunfarms operates one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and is recognized as a low-cost producer [5] - Village Farms owns an additional 2.6 million square feet of greenhouse capacity in Canada for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [5] - Internationally, the company exports medical cannabis from its EU GMP certified facility in Canada to markets including Germany, the UK, Israel, Australia, and New Zealand, and is expanding its export business [6] US Market Strategy - In the US, Balanced Health Botanicals, a wholly-owned subsidiary, is a leading CBD and hemp-derived brand and e-commerce platform [7] - Village Farms plans to enter the US THC market by leveraging its Texas-based greenhouse assets, which include 2.2 million square feet of existing greenhouse capacity and 950 acres of owned land for future expansion [7] Renewable Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, creates renewable natural gas from landfill gas, significantly reducing greenhouse gas emissions in Vancouver by 475,000 metric tons of CO2 annually [8] Joint Ventures and Investments - The company holds a 37.9% equity interest in Vanguard Food LP, a joint venture aimed at creating a premier branded CPG foods company through mergers and acquisitions [9]
Edible Garden Reports Q1 2025 Financial Results and Provides Strategic Update
Globenewswire· 2025-05-15 11:30
Core Insights - Edible Garden AG Incorporated reported a strategic shift towards higher-margin, shelf-stable products, resulting in a 15% year-over-year growth in non-perishable revenue and a nearly fourfold increase in gross profit compared to the previous year [1][3][8]. Financial Performance - For the quarter ended March 31, 2025, total revenue was $2.7 million, a decrease of 13.2% from $3.1 million in the same quarter of 2024, primarily due to the exit from lower-margin floral and lettuce product lines [8]. - Gross profit increased to $88,000 from $23,000 in the prior year, representing an increase of approximately 283% year-over-year, with gross margin improving to 3.2% from 0.7% [9]. - The net loss for the quarter was $3.3 million, an improvement from a net loss of $4.0 million in the same period last year, driven by cost reductions and increased sales from higher-margin products [11]. Strategic Initiatives - The company is focusing on expanding its consumer-packaged goods (CPG) portfolio with brands like Kick. Sport Nutrition, Pickle Party, Squeezables, and Pulp®, which are gaining traction in the market [3][4]. - Edible Garden completed a $15.5 million acquisition of assets from NaturalShrimp Farms Inc., enhancing its R&D and warehousing capabilities, and securing patents for water treatment technologies to support sustainability efforts [3][8]. Market Positioning - The company is enhancing its national distribution footprint by launching and growing retail partnerships with major accounts such as Walmart and Stop & Shop, leveraging patented merchandising solutions [4][5]. - Edible Garden maintains a U.S.-focused production model, with over 90% of its operations based domestically, minimizing exposure to global tariffs and disruptions [6][7]. Product Development - The company is actively reshaping its product mix by phasing out less profitable SKUs and focusing on higher-margin, less commoditized offerings, which has led to a 13% seasonal growth in cut herbs [3][8].