Functional Food
Search documents
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [14] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party contributing to this growth [14][7] - Core herb portfolio saw significant growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a strong market opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Strategic partnerships with major retailers like Kroger and Fresh Market are being strengthened, expanding the company's retail footprint [8] - The company is pursuing new categories such as nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13] - The current political environment is pushing for less processed foods, creating opportunities for the company to align with consumer demand for clean-label products [28] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The company ended the quarter with $0.8 million in cash and equivalents, down from $3.5 million at year-end 2024 [15] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive location and its potential for R&D on next-generation products, including nutraceuticals and food [22][24] Question: Opportunities with grocery stores - Management confirmed that major grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin related to private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term relationships with major retailers, which are crucial for business growth [31][32]
Laird Superfood® Brews New Fall Flavor: Maple Instant Latte with Functional Mushrooms
Prnewswire· 2025-10-10 13:05
Core Insights - Laird Superfood has launched a limited-time Maple Instant Latte that features real maple and a functional mushroom blend, aiming to provide an authentic autumn flavor to consumers seeking genuine seasonal products [1][2][3] Product Details - The Maple Instant Latte is an all-in-one powder mix that combines real maple sugar, premium coffee, coconut creamer, and a Performance Mushroom Blend, which includes lion's mane, cordyceps, chaga, and maitake mushrooms [2] - The product also contains Aquamin, derived from red marine algae, which provides bioavailable calcium, magnesium, and over 70 trace minerals [2] Company Background - Laird Superfood, founded in 2015 by surfer Laird Hamilton and fitness icon Gabby Reece, focuses on minimally processed superfood products that support energy and overall well-being [4] - The brand has expanded its offerings from superfood creamers to include instant lattes, coffees, bars, and prebiotic daily greens, all aimed at fueling active lifestyles [4]
Laird Superfood® and Bluestone Lane Partner to Introduce Mushroom Performance Coffee Drinks Made Onsite
Prnewswire· 2025-06-04 13:00
Core Insights - Laird Superfood has partnered with Bluestone Lane to introduce iced coffee drinks made with functional mushrooms at over 50 locations in the U.S. [1][4] - The new products include Laird Superfood Latte and Laird Superfood Mocha, designed to optimize energy and support wellness [2][4]. Company Overview - Laird Superfood, founded in 2015 by Laird Hamilton, focuses on minimally processed superfood products that enhance energy and overall well-being [6]. - Bluestone Lane is an Australian-inspired coffee chain known for its premium coffee and hospitality, recognized as one of Inc. 5000's fastest-growing private companies [7][8]. Product Details - The Laird Superfood Latte combines espresso with a functional creamer containing organic mushroom extracts like Chaga, Lion's Mane, Maitake, and Cordyceps [2]. - The Laird Superfood Mocha features a new creamer specifically developed for this drink, also incorporating functional mushrooms [2]. Pricing and Availability - The Laird Superfood Latte is priced at $7.45, while the Laird Superfood Mocha is priced at $7.95, available at all Bluestone Lane locations [4].
UMeWorld Provides Corporate Update: DAGola Oils Now Bottled in the USA, Launches New Product for High-Performance Kitchens
Globenewswire· 2025-04-30 12:30
Core Insights - UMeWorld Limited is advancing its commitment to health and wellness through the establishment of a Product Innovation & Development Center and the appointment of a Chief Scientist, focusing on functional food products [1][2] Corporate Highlights - The company has successfully completed its first U.S.-based pilot bottling batch of DAGola brand functional cooking oils, producing over 1,800 bottles for commercial distribution [2][5] - This pilot run enhances supply chain flexibility, validates manufacturing processes, and strengthens quality assurance protocols, preparing the company for full-scale production [5][6] Product Development - DAGola's proprietary non-seed oil blends, including DAGola Vitality Blend and DAGola Gourmet Blend, are designed to support healthier lifestyles by improving lipid metabolism and reducing triglyceride levels, which are critical for addressing metabolic diseases [3][4] - The DAGola Master Chef Blend, combining avocado oil and Olive DAG oil, offers 40% fewer triglycerides compared to conventional oils, ensuring high performance in culinary applications [11][12] Market Positioning - Approximately 25% of the U.S. adult population has elevated triglyceride levels, presenting a significant market opportunity for DAGola to address public health challenges with its clean-label, heart-healthy oils [4] - The company is executing a multi-channel strategy for distribution, targeting health-focused retailers, specialty stores, and private label partnerships, while also supplying DAG oil to food manufacturers [7][9] Clinical Validation - DAGola oil's health benefits are supported by scientific research, including a clinical study published in the Journal of Lipid Research, demonstrating its effectiveness in reducing triglyceride levels and improving lipid metabolism [9] Strategic Vision - The company aims to contribute to healthier living by delivering functional, nutritious food solutions, addressing metabolic diseases driven by elevated triglyceride levels [13][14]
Laird Superfood® Satisfies Vanilla Lovers with New Vanilla Instant Latte
Prnewswire· 2025-04-15 13:04
Core Insights - Laird Superfood has launched a new Vanilla Instant Latte featuring real vanilla bean powder, differentiating it from competitors that typically use artificial flavors [1][2] - The product is designed to provide a convenient coffee shop experience at home, requiring only hot water for preparation [3] - The Vanilla Instant Latte includes a Performance Mushroom Blend for energy benefits and Aquamin™, a multi-mineral sea algae complex, which offers over 72 trace minerals including calcium [3] Product Details - The Vanilla Instant Latte is available in an eight-ounce bag on LairdSuperfood.com, with plans for distribution through Amazon and other retailers [5] - The product aims to cater to health-conscious consumers by avoiding sugary syrups and artificial ingredients, focusing instead on authentic flavors [4] Company Background - Laird Superfood was founded in 2015 by Laird Hamilton and Gabby Reece, focusing on minimally processed superfood products that support active lifestyles [6] - The brand has expanded its product line from superfood creamers to include instant lattes, coffees, bars, and prebiotic daily greens [6]