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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].
Hydrofarm Holdings Group, Inc. to Announce First Quarter 2025 Results on May 13, 2025
Globenewswire· 2025-05-05 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, growing media, and nutrients, along with a portfolio of innovative and proprietary branded products [3] - Hydrofarm has over 40 years of experience in helping growers enhance productivity and efficiency in their growing projects [3] Upcoming Events - The company will host a conference call to review first quarter 2025 results on May 13, 2025, at 8:30 AM ET [1] - A press release with the first quarter 2025 results will be issued before market open on the same day [1] - The conference call can be accessed live by phone or via a webcast on the corporate website [2]
Edible Garden Expands Distribution of Fresh, Sustainably Grown Herbs Across New York
GlobeNewswire News Room· 2025-04-29 12:30
Core Insights - Edible Garden AG Incorporated has expanded the distribution of its sustainably grown herb product line to additional Stop & Shop retail locations across New York, enhancing accessibility for consumers [1][2] - The CEO emphasized the company's commitment to quality, sustainability, and environmental stewardship, aiming to meet the rising demand for locally sourced products [2] - Edible Garden operates over 5,000 stores in the US, Caribbean, and South America, utilizing advanced farming technologies and sustainable practices [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company employs patented technologies such as GreenThumb software and Self-Watering displays to optimize growth and enhance product shelf life [3] - Edible Garden is recognized as a FoodTech 500 company and is involved in Walmart's Project Gigaton sustainability initiative [3] Product Offerings - The company provides a range of products including fresh herbs, plant and whey protein powders, and functional condiments [3] - Its Kick. Sports Nutrition line targets health-conscious athletes with cleaner labeled options [3]
Edible Garden Schedules Fourth Quarter 2024 Financial Results and Business Update Conference Call
Globenewswire· 2025-03-24 13:00
Core Viewpoint - Edible Garden AG Incorporated will host a conference call on March 31, 2025, to discuss its financial results for Q4 and the full year of 2024, along with a business update [1]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [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 near major U.S. markets [4]. - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing in both vertical and traditional greenhouses, aiming to reduce food miles and pollution [4]. - The company offers a range of products, including plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as sustainable food flavoring products like Pulp gourmet sauces [4]. Conference Call Details - The conference call will take place at 8:00 AM Eastern Time and can be accessed via telephone or webcast [2]. - A replay of the call will be available on the company's investor relations website and through telephone access for a limited time [3].
Edible Garden AG rporated(EDBL) - Prospectus
2024-09-05 22:09
As filed with the Securities and Exchange Commission on September 5, 2024. FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 100 85-0558704 (Primary standard industrial classification code number) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (I.R.S. employer identification number) 283 Count ...
Edible Garden AG rporated(EDBL) - Prospectus(update)
2023-02-01 17:25
As filed with the Securities and Exchange Commission on February 1, 2023. Registration No. 333-268800 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A (Amendment No. 3) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Delaware 100 85-0558704 (I.R.S. employer identif ...