Controlled Environment Agriculture
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Edible Garden Appoints Board Member Matthew McConnell as Executive Vice President, Strategic Partnerships
Globenewswire· 2026-01-09 12:30
Core Insights - Edible Garden AG Incorporated has appointed Matthew McConnell as Executive Vice President of Strategic Partnerships to enhance strategic initiatives and investor relations [1][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its 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 practices [4] - Edible Garden's facilities include state-of-the-art greenhouses and processing plants located in Michigan, Iowa, and New Jersey [4] Leadership and Expertise - Matthew McConnell brings over 40 years of experience in capital markets, having held senior roles at major financial institutions [2] - His expertise includes equity capital markets, international finance, and strategic business development, which will support Edible Garden's growth strategy [3] Strategic Initiatives - The company aims to deepen retail and distribution partnerships and execute its growth strategy under McConnell's leadership [3] - McConnell's transition from Board member to executive role is expected to enhance the execution of the company's strategic initiatives [3] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, supported by multiple U.S. patents [5] - The company also holds patents in advanced aquaculture technologies, enhancing its product offerings and sustainability efforts [5] Product Offerings - Edible Garden markets a range of nutrition and specialty food products, including plant and whey protein powders, and a line of fermented condiments [6]
Edible Garden Completes Sale of Net Operating Losses and Receives Approximately $3.35 Million in Proceeds
Globenewswire· 2026-01-07 14:00
Transaction Converts Tax Assets Into Non-Dilutive Capital, Strengthening the Balance Sheet, Liquidity, and Strategic FlexibilityBELVIDERE, NJ, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leading provider of controlled environment agriculture (CEA) solutions and sustainable, locally grown organic produce, today announced that it has completed the sale of its net operating losses (“NOLs”) under the New Jersey Economic Development ...
Edible Garden Preliminary Holiday Sales Surge 26.4% Year-Over-Year During Key Time Period
Globenewswire· 2026-01-06 12:30
Core Insights - Edible Garden AG Incorporated reported a 26.4% year-over-year increase in preliminary sales during the key holiday selling period in 2025, indicating strong consumer demand and effective operational execution [1][2] - The sales growth was broad-based, with cut and potted herbs increasing approximately 26.7% and 25.0% respectively, and hydroponic basil growing by about 16.4% [1] - The company has expanded its distribution network to over 5,000 retail locations nationwide, including partnerships with major retailers such as Walmart, Target, and Amazon [2] Sales Performance - The sales figures reflect the period from December 14-31, 2025, compared to December 15-31, 2024, showcasing significant growth across various product categories [1][3] - Wheatgrass sales nearly doubled compared to the prior-year period, and condiments and specialty products also contributed positively to overall performance [1] Operational Highlights - The company emphasizes its operational focus and reliability, which are key to supporting growth and enhancing the Edible Garden brand [2] - The fulfillment rate, a key performance metric, is defined as the percentage of orders filled in full relative to the total number of orders received, indicating strong operational efficiency [4] Product and Innovation - Edible Garden is recognized for its controlled environment agriculture (CEA) solutions and sustainable practices, including its Zero-Waste Inspired® growing platform [3] - The company utilizes patented technologies such as the GreenThumb software and self-watering displays to optimize growing conditions and enhance product shelf life [3] Future Outlook - The company aims to continue expanding and strengthening retail relationships while maintaining consistent operational execution and delivering sustainable products that meet consumer demand [2]
Edible Garden Begins Shipping Integrated Herb Program to Weis Markets
Globenewswire· 2025-12-18 13:00
Company’s USDA Organic Herbs Align with Shared Commitment to Freshness and Sustainability Expansion Strengthens Presence Across the Mid-Atlantic BELVIDERE, NJ, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leading provider of controlled environment agriculture (CEA) solutions and sustainable, locally grown organic produce, today announced that it has begun shipping its fresh potted herbs, hydroponic basil, and cut herb varieties t ...
Edible Garden’s Pickle Party™ Line Starts to Ship at King Kullen, Expanding Access to Fresh, Fermented, Functional Kosher Pickles
Globenewswire· 2025-12-05 14:00
Core Insights - Edible Garden AG Incorporated has launched its Pickle Party™ product line in King Kullen supermarkets, enhancing its presence in the New York Metro region as demand for clean-label foods grows [1][3]. Product Overview - Pickle Party™ is the world's first functional pickle line, featuring raw, refrigerated, fermented, Kosher, and Non-GMO products made through traditional fermentation methods that support digestive wellness [2]. - The product line includes a variety of pickles and krauts with unique flavor profiles, free from artificial preservatives, stabilizers, and added sugars, aligning with the company's commitment to better-for-you foods [2]. Market Strategy - The partnership with King Kullen, a well-established supermarket chain, reflects Edible Garden's strategy to collaborate with respected regional grocers that prioritize fresh, responsibly sourced foods [3]. - The introduction of Pickle Party™ is positioned to meet the growing consumer interest in fermented and health-forward products, thereby strengthening the company's market presence [3]. Company Background - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations [4]. - The company utilizes advanced safety protocols, sustainable packaging, and patented technologies to optimize growing conditions and reduce environmental impact [5]. Additional Offerings - In addition to Pickle Party™, Edible Garden markets a range of nutrition and specialty food products, including plant and whey protein powders, and gourmet sauces [6][7].
Village Farms International Reaffirms its Commitment to the Texas Cannabis Industry
Globenewswire· 2025-12-02 12:00
Core Viewpoint - The outcome of the Phase I conditional medical license awards has no impact on the company's financial performance, outlook, or strategy, reaffirming its commitment to the Texas cannabis industry [1][2]. Company Overview - Village Farms International, Inc. is a large-scale, vertically-integrated supplier of high-value, plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [3]. - The company has a strong foundation as a leading fresh produce supplier in the US and Canada and is now focusing on high-growth cannabinoid opportunities while maintaining its produce assets [3]. Texas Operations - Village Farms owns 2.2 million square feet (50 acres) of greenhouse assets in West Texas and plans to have the same amount in production at its Delta, BC greenhouses by the end of 2026 [2]. - The company also owns 950 acres of unoccupied farmland in Marfa, Texas, selected for its favorable growing climate for controlled environment agriculture [2]. Canadian Operations - In Canada, the company's 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 [4]. - 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 [4]. International Expansion - The company is targeting selected 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 [5]. - Village Farms is expanding its export business and making investments in international production assets, including a license to grow and distribute recreational cannabis in the Netherlands [5]. U.S. Market Strategy - In the U.S., the wholly-owned Balanced Health Botanicals is a leading CBD and hemp-derived brand, and the company plans to enter the U.S. THC market using its Texas-based greenhouse assets [6]. 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 [7].
Edible Garden Products Now Carried by George’s Plants, Along with New Brooklyn Harvest Market and Associated Supermarket Locations
Globenewswire· 2025-11-21 14:15
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in New York City by partnering with local retailers such as George's Plants, Brooklyn Harvest Market, and Associated Supermarket, offering a full range of its organic produce and Pickle Party® products [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates advanced greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers near major U.S. markets to ensure product freshness and minimize environmental impact [4] Product Offerings - The company offers a variety of products, including potted and cut herbs, hydroponic basil, and a growing line of nutrition and specialty food products such as Vitamin Way® and Vitamin Whey® [6] - Edible Garden's Pickle Party® line features gourmet fermented foods, while Pulp products include fermented gourmet and chili-based sauces [6] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize greenhouse conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life and 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] Market Position - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability and innovation in the food industry [6]
GrowGeneration to Exhibit Commercial Cultivation Solutions at 2025 CEAg World Conference and Expo
Globenewswire· 2025-11-12 13:00
Core Insights - GrowGeneration Corp. will exhibit at the 2025 CEAg World Conference and Expo, showcasing its extensive portfolio of proprietary brands and integrated solutions for controlled environment agriculture [1][2] Company Overview - GrowGeneration is one of the largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, offering thousands of products including nutrients, additives, and environmental control systems [4] - The company operates an online superstore and a wholesale business for resellers, as well as a benching, racking, and storage solutions business [4] Product Highlights - Key product lines include: - **Char Coir**: High-grade coco sourced from a single farm, ensuring consistency and quality [5] - **Drip Hydro**: A complete nutrient solution designed to enhance productivity and yield [5] - **PowerSi**: Concentrated additives that improve plant health and crop quality [5] - **The Harvest Company**: Offers essential products for home gardening and commercial growing [5] - **Dialed In Under Canopy LED lights**: A lighting solution aimed at improving lower-canopy flower development in commercial cannabis cultivation [5] Event Details - The CEAg World Conference and Expo will take place from November 19-21, 2025, at the Durham Convention Center in North Carolina, with GrowGeneration's booth located at 309 [1][2] - Key representatives from GrowGeneration will be present for meetings with commercial operators, conference attendees, and investors [3]
Local Bounti Announces Third Quarter 2025 Financial Results
Prnewswire· 2025-11-12 12:15
Core Insights - Local Bounti Corporation reported a 19% year-over-year revenue growth, reaching $12.2 million in the third quarter of 2025, driven by increased production and sales from its facilities in Georgia, Texas, and Washington [12][2][3] - The company is advancing strategic partnerships to enable capital-efficient expansion and enhance returns, indicating a shift in the marketplace perception of controlled environment agriculture (CEA) from emerging technology to essential infrastructure [2][8] - Local Bounti aims to achieve positive adjusted EBITDA by early 2026, supported by ongoing cost reduction initiatives and sales growth [18][2] Financial Performance - The adjusted EBITDA loss improved to $7.2 million in Q3 2025, compared to a loss of $8.4 million in the prior year period [12][31] - General and administrative expenses decreased by 26% year-over-year to $4.1 million, excluding non-core items [12][30] - The net loss for Q3 2025 was $26.4 million, an improvement from a net loss of $34.3 million in the same period last year [12][31] Operational Updates - The Texas facility has been reconfigured to produce both head lettuce and cut products, achieving full harvestable capacity and increasing labor productivity by approximately 19% [5][6] - Planned tower upgrades across facilities are expected to enhance production efficiency and yield capacity, with management anticipating yield increases of over 10% [6][8] - The company has targeted additional cost reductions of $1.5 to $2 million, expected to be realized in the first half of 2026 [7][8] Product Development - Local Bounti expanded its salad kit line distribution in the Pacific Northwest and launched new grab-and-go offerings, indicating strong demand for convenient meal options [10][11] - The company introduced a family-sized 10oz Romano Caesar Salad Kit in October 2025, aligning with its strategy to offer multi-serve products at scale [11][10] Capital Structure - As of September 30, 2025, Local Bounti had cash and cash equivalents of $12.7 million and completed a $10 million financing through a convertible note agreement [13][14] - The company restructured its debt, resulting in a new $312 million senior secured debt agreement with no cash interest or principal payments until April 2027 [15][16] Intellectual Property - Local Bounti is advancing its intellectual property portfolio, with a patent application related to optimizing growing processes expected to be issued by December 2025 [9][8]
Edible Garden Schedules Third Quarter 2025 Financial Results and Business Update Conference Call
Globenewswire· 2025-11-07 14:15
Core Insights - Edible Garden AG Incorporated will host a conference call on November 14, 2025, to discuss its financial results for the third quarter of 2025 and provide 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 over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing a Zero-Waste Inspired® farming model [4] - Edible Garden has advanced safety protocols, sustainable packaging, and patented technologies such as GreenThumb software and Self-Watering displays [4][5] Technology and Innovation - The proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, protected by multiple U.S. patents [5] - The Self-Watering display extends plant shelf life and enhances in-store presentation, also patented [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders and gourmet condiments [6]