BELVIDERE, NJ, Dec. 05, 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 Pickle Party™ shipments are now underway to King Kullen supermarkets. The introduction brings the Company’s fresh, fermented pickle line to a new audience of shoppers seeking clean-label, flavorful condiments that support wellness. P ...

Core Insights - Edible Garden AG Incorporated is participating in the 2025 New York Produce Show and Conference, showcasing its Hydroponic Basil and expanding product lines, including Pulp fermented sauces and Pickle Party® [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 [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] - It has state-of-the-art greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Product Offerings - The company offers a range of products, including Hydroponic Basil, Pulp fermented sauces, Pickle Party® fresh fermented products, and nutrition lines like Vitamin Way® and Vitamin Whey® [7] - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing conditions and reduces food miles, while its patented Self-Watering display enhances plant shelf life [5] Market Position - Edible Garden has established itself as a leader in the Metropolitan New York market, achieving high delivery rates and service consistency, outperforming many competitors [3] - The company has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6]

Core Insights - Edible Garden AG Incorporated has expanded its distribution of USDA Organic herbs and sustainably grown produce to new retail partners, DUMBO Market in Brooklyn and Marrazzo's Market in New Jersey, enhancing access to fresh, sustainable food options in the Northeast [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on 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 packaging [4] - It has state-of-the-art greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life [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 and Recognition - 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 [6] - The company also develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments [7]

Core Insights - Edible Garden AG Incorporated has launched a larger 3 oz. clamshell of its Poultry Mix, which includes rosemary, thyme, and sage, at select Walmart locations for the holiday season [1][2] - The product aims to provide a fresher and higher-value alternative to traditional herb packs, enhancing customer convenience during the busy shopping period [2] - Edible Garden is recognized as a Giga Guru participant in Walmart's Project Gigaton, contributing to sustainability efforts by aiming to remove one billion metric tons of greenhouse gas emissions from the global supply chain by 2030 [3][4] Product Offering - The Poultry Mix will be available in a custom-designed, branded display unit to maximize visibility and drive seasonal sales [2] - The product is part of Edible Garden's commitment to delivering high-value, Zero-Waste Inspired® solutions to consumers [4] - The full line of organic herbs and fresh-cut clamshell offerings will be available in Walmart's produce department throughout the holiday period [4] Sustainability Initiatives - Edible Garden continues to partner with Walmart on sustainability initiatives, focusing on efficient routing, expanded backhauling logistics, and sustainable packaging strategies [3] - The company operates state-of-the-art, vertically integrated greenhouses and processing facilities, contributing to its sustainability goals [5] - Edible Garden's proprietary GreenThumb software optimizes growing conditions and aims to reduce food miles, further supporting its sustainability mission [6] Industry Recognition - The company has been recognized as a FoodTech 500 firm by Forward Fooding and is a member of Walmart's Project Gigaton sustainability initiative [7] - Edible Garden develops and markets a range of nutrition and specialty food products, including plant and whey protein powders, as well as sustainable condiments [8]

Core Insights - Edible Garden AG Incorporated reported a 9% revenue growth in Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][7][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, and international vitamin and supplements revenue rose by 90.2% [6][4] - The strategic transformation is expected to enhance the company's market penetration and growth, particularly in the fourth quarter, which is historically the strongest period for Edible Garden [2][4] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [7][4] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [8] - Selling, general, and administrative expenses rose to $3.8 million from $2.2 million, mainly due to increased depreciation and legal expenses [9] Product and Market Expansion - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through partners like PriceSmart and Amazon [4][2] - The product portfolio now includes brands such as Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are expected to drive continued momentum and margin improvement [4][6] - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong demand for fresh produce [6][4] Strategic Initiatives - The acquisition of NaturalShrimp's assets is anticipated to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - The company is focused on health-oriented product development and aims to build a stronger platform for scale, positioning itself as a next-generation sustainable food company [4] - Edible Garden's strategic exit from floral and lettuce categories is now complete, reflecting the strength of its repositioned portfolio [7]

Core Insights - Edible Garden AG Incorporated reported a 9% year-over-year revenue growth for Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][6][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, alongside a 90.2% rise in international vitamin and supplements revenue [5][6] - The company is optimistic about future growth, believing that the most challenging phase of its transformation is behind, positioning itself for long-term sustainable profitability [4][6] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [6] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [7] - Selling, general and administrative expenses rose to $3.8 million from $2.2 million year-over-year, mainly due to increased depreciation and associated costs from recent asset acquisitions [8] Strategic Developments - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through collaborations with PriceSmart and Amazon [4] - The acquisition of NaturalShrimp's assets is expected to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - Edible Garden's CPG-focused strategy allows for expansion beyond fresh produce into branded shelf-stable offerings, catering to the growing demand for clean-label and functional foods [4][5] Product Performance - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong consumer demand in these categories [5] - The company's portfolio includes brands like Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are driving momentum and expected to contribute to margin improvement [4][5]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported a 19% year-over-year revenue growth, reaching $12.2 million, driven by increased production from its facilities in Georgia, Texas, and Washington [17] - The adjusted EBITDA loss improved to $7.2 million from $8.4 million in Q3 of the previous year, indicating meaningful year-over-year progress [17] - The net loss for Q3 decreased to $26.4 million from $34.3 million in the prior year, primarily due to lower interest expenses from a debt restructuring [18] Business Line Data and Key Metrics Changes - The Texas facility completed its reconfiguration and reached full harvestable capacity, effectively doubling its productive output [6] - Labor productivity increased by approximately 19%, while direct labor costs per pound decreased by about 17%, showcasing operational efficiency improvements [7] - The company anticipates yield increases of over 10% following ongoing optimization efforts across its facilities [9] Market Data and Key Metrics Changes - The packaged salad market is projected to grow at an annual rate of 8.6% through 2029, with the company launching new family-sized salad kits to meet consumer demand in this segment [13] - The company expanded its distribution in the Pacific Northwest, launching a new 10-ounce Romano salad kit across 89 Walmart stores, which is expected to enhance its market presence [12] Company Strategy and Development Direction - The company is focusing on building long-term supply partnerships with major retailers, transitioning discussions from exploratory to strategic [4][5] - There is an emphasis on optimizing product mix and pricing architecture to align with marketplace needs, which is expected to improve overall unit economics [11][16] - The company aims to achieve positive adjusted EBITDA by early 2026, driven by volume growth, operational efficiency, and cost discipline [20] Management's Comments on Operating Environment and Future Outlook - Management highlighted a significant shift in market perception of controlled environment agriculture (CEA), now viewed as essential infrastructure rather than an emerging technology [16] - The company is entering Q4 with enhanced operational capacity and stronger commercial momentum than ever before, positioning itself to capitalize on market opportunities [21] Other Important Information - The company has achieved nearly $8 million in annualized cost reductions through the first nine months of the year, with additional initiatives expected to yield $1.5 million to $2 million in further savings [10][20] - A patent application related to optimizing growing processes using computer vision and AI is anticipated to be issued soon, which could enhance production efficiency [9] Q&A Session Summary Question: What are the expectations for revenue growth and adjusted EBITDA? - Management expects revenue growth and product mix optimizations to be key levers for achieving positive adjusted EBITDA, anticipated in early 2026 [20] Question: How is the company addressing operational efficiency? - The company is implementing tower upgrades and automated harvesting, which are expected to improve cost structures and operational efficiency over time [20]

Core Insights - Edible Garden AG Incorporated has expanded its product offerings by introducing its full line of USDA Organic Certified Pulp refrigerated, fermented gourmet hot sauces at ShopRite supermarkets in the Northeast [3][6] - The company emphasizes its commitment to freshness, sustainability, and community engagement, highlighting its long-standing partnership with ShopRite [6][5] - The Pulp line of hot sauces is crafted using a fermentation process that enhances flavor and nutritional value, featuring popular varieties such as Hungarian Wax, Habanero Carrot Pepper, Fresno Chili, and Jalapeño [6][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through a Zero-Waste Inspired farming model [7][9] - The company operates advanced greenhouses and processing facilities across the U.S., including locations in Michigan, Iowa, and New Jersey, and partners with contract growers to ensure freshness [7][8] - Edible Garden has been recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative [9] Product Details - The Pulp line of sauces is designed to provide bold flavors while adhering to clean-label standards, with no artificial additives [6][4] - The company also offers a range of nutrition and specialty food products, including plant and whey protein powders, and a collection of fermented fresh pickles and krauts [9]

Core Insights - GrowGeneration Corp. reported a significant improvement in financial performance for Q3 2025, with a net loss of $2.4 million, a $9.0 million improvement year-over-year, and positive Adjusted EBITDA of $1.3 million, marking the strongest profitability in four years [1][3][9][10]. Financial Performance - Net sales reached $47.3 million for Q3 2025, exceeding guidance by nearly $6 million, but down from $50.0 million in Q3 2024 [4][6]. - Cultivation and Gardening net sales were $38.4 million, a decrease from $41.4 million year-over-year, attributed to fewer retail locations [4][6]. - Gross profit increased to $12.9 million, with a gross profit margin of 27.2%, up from 21.6% in the prior year [6][7]. Cost Management - Store operating expenses declined by 27.8% year-over-year to $7.2 million, while total operating expenses decreased by 31.5% to $15.7 million [8][9]. - Selling, general, and administrative expenses improved by 22.9% to $5.7 million compared to the same period in 2024 [8]. Proprietary Brands - Proprietary brand sales accounted for 31.6% of Cultivation and Gardening net sales, up from 23.8% in the previous year, indicating a successful strategic initiative [5][6]. Future Outlook - The company anticipates fourth-quarter revenue of approximately $40 million and expects continued positive revenue growth and Adjusted EBITDA in 2026 [3][13]. - Management aims for proprietary brands to represent about 40% of segment revenue in 2026, further supporting margin expansion and customer loyalty [3].

Core Viewpoint - Agroz Inc. has successfully completed its initial public offering, raising approximately $5 million by offering 1,250,000 ordinary shares at a price of $4.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "AGRZ" [1][2]. Financial Summary - The offering generated gross proceeds of around $5 million before deducting underwriting discounts and offering expenses [2]. - The company has provided underwriters with a 45-day option to purchase an additional 187,500 ordinary shares at the initial public offering price [2]. Use of Proceeds - The net proceeds from the offering will be allocated towards capital expenditures, operating expenses, research and development, marketing, and potential acquisitions, although no specific targets have been identified at this time [3]. Company Overview - Agroz Inc. is a fully vertically integrated agricultural technology company focused on designing, building, managing, and operating indoor Controlled Environment Agriculture vertical farms [6]. - The company aims to provide clean, pesticide-free, fresh vegetables directly to consumers and businesses while educating the public about its farming practices [6]. - Agroz's competitive advantage is attributed to its proprietary Agroz OS system, which includes digitally automated hardware and software solutions for managing vertical farm operations [6].