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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].
Nature's Miracle Holding Inc. to Present at the OTCQB Venture Virtual Investor Conference August 7th
Prnewswire· 2025-08-04 13:11
Group 1 - Nature's Miracle Holding Inc. (NMHI) will present at the OTCQB Venture Virtual Investor Conference on August 7th, 2025, with a focus on "New Vision, New Journey for NMHI" [1][2] - The event will allow real-time interaction where investors can ask questions, and an archived webcast will be available for those unable to attend live [2][3] - NMHI is a growing agriculture technology company specializing in Controlled Environment Agriculture (CEA) in the U.S. and trades on the OTCQB market [5] Group 2 - Recent highlights include a $671,984 note conversion into NMHI common stocks by Big Lake Capital, LLC, led by NMHI CEO [9] - NMHI management and a lender invested $1.69 million in NMHI shares through liability and debt conversion [9] - The company announced a corporate XRP treasury program of up to $20 million and a $100 million EV distribution deal with Faraday Future [9]
Edible Garden Launches First-to-Market USDA Organic Hydroponic Basil, Reinforcing Leadership in Controlled Environment Agriculture (CEA)
Globenewswire· 2025-07-31 11:30
Core Insights - Edible Garden AG Incorporated has launched a USDA Certified Organic Hydroponic Basil Plant, marking a significant innovation in the controlled environment agriculture (CEA) sector [2][4] - The product combines hydroponic cultivation with USDA Organic certification, aiming to reduce food waste and enhance freshness while appealing to health-conscious consumers [4] Company Overview - Edible Garden is a leader in CEA, offering locally grown, organic, and sustainable produce, and operates over 5,000 stores across the US, Caribbean, and South America [5] - The company utilizes patented technologies such as GreenThumb software and Self-Watering displays to optimize growth and enhance product shelf life [5] - Edible Garden has acquired patents related to advanced aquaculture technologies, further diversifying its product offerings [5] Product Features - The new hydroponic basil is designed to use up to 90% less water than conventional farming methods and is cultivated locally year-round, which reduces food miles [4] - The product's packaging is visually appealing, aimed at improving in-store visibility and supporting premium placement in retail environments [4] - The basil is marketed as a sustainable choice that aligns with modern consumer values regarding health and environmental awareness [4]
Edible Garden Launches First-to-Market USDA Organic Hydroponic Basil, Reinforcing Leadership in Controlled Environment Agriculture (CEA)
GlobeNewswire News Room· 2025-07-31 11:30
Core Insights - Edible Garden AG Incorporated has launched a USDA Certified Organic Hydroponic Basil Plant, marking a significant innovation in the herb category by merging hydroponics with organic certification [2][3] - The product is designed to be climate-resilient and resource-efficient, using up to 90% less water than conventional farming, and is cultivated locally year-round to reduce food miles [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and operates over 5,000 stores across the US, Caribbean, and South America [4] - The company utilizes patented technologies such as GreenThumb software and Self-Watering displays to enhance plant shelf life and optimize growing conditions [4] - Edible Garden has acquired multiple patents related to advanced aquaculture technologies, further diversifying its product offerings [4] Product Features - The new hydroponic basil is presented in vibrant, modern packaging that enhances visibility in stores and supports premium placement [3] - The product aligns with consumer values focused on sustainability, clean labels, and product transparency, catering to health-conscious and environmentally aware consumers [3]
Nature's Miracle Holding Inc. ("NMHI") Management and a Lender Invested $1.69 Million in NMHI Shares through Liability and Debt Conversion
Prnewswire· 2025-07-25 12:30
Core Points - Nature's Miracle Holding Inc. announced a conversion of $1,692,250 in accrued compensation and debt into 12,967,440 shares at a price of $0.1305 per share, reflecting the company's closing stock price on July 24, 2025 [1][2] - The management team, including CEO James Li, President Zhiyi Zhang, and CFO George Yutuc, converted a total of $1,132,250 into shares, with Li converting $673,476 for 5,160,739 shares [2][3] - The conversion is expected to reduce the company's liabilities and strengthen shareholder equity, alongside a recent $100 million distribution deal with Faraday Future and a $20 million XRP Treasury Program [3] Company Overview - Nature's Miracle is a growing agriculture technology company focused on providing products and services in the Controlled Environment Agriculture (CEA) industry in the U.S. [4] - The company's common stock trades on the OTCQB market under the symbol "NMHI" [4]
Edible Garden Introduces Edible Garden Prairie Hills - Webster City, Iowa Following Strategic Asset Acquisition
Globenewswire· 2025-07-23 11:30
Core Insights - Edible Garden AG Incorporated has announced the opening of a new 6.2-acre facility in Webster City, Iowa, named Edible Garden-Prairie Hills, aimed at expanding its production and research capabilities in controlled environment agriculture [1][2][3] Company Expansion - The new facility will enhance Edible Garden's production of herbs and nutraceuticals, support aquaculture research and development, and improve distribution efficiency across the Midwest [2][3] - This strategic expansion is part of the company's commitment to sustainable practices and its Zero-Waste Inspired® farming model [3] Technological Advancements - The facility is equipped with advanced aquaculture infrastructure and laboratories, allowing for the development of clean-label nutraceuticals and the application of patented water treatment technologies [2][4] - Edible Garden has acquired three patents from NaturalShrimp Farms Inc. related to advanced aquaculture technologies, which will be utilized in the new facility [4] Market Positioning - The company serves over 5,000 retail locations across the U.S., Caribbean, and South America, positioning itself as a leader in sustainable produce and products [4] - Edible Garden is recognized as a FoodTech 500 company and is a participant in Walmart's Project Gigaton sustainability initiative [4]
Edible Garden’s Pickle Party™ Line Starts Shipping to Uncle Giuseppe’s Marketplace; Strategic Expansion Timed for Summer Demand
GlobeNewswire· 2025-07-16 13:00
Core Insights - Edible Garden AG Incorporated has launched its Pickle Party™ line of fresh condiments at Uncle Giuseppe's Marketplace, coinciding with the peak summer season for consumer demand for flavorful condiments [1][3] - The Pickle Party™ line is the world's first functional pickle line, featuring raw, refrigerated, fermented, Kosher, and Non-GMO products made through traditional fermentation methods [2][3] - The company has also expanded its herb distribution with a new partnership at Scotty's Marketplace, offering hydroponic basil and various potted herbs [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with products available in over 5,000 stores across the US, Caribbean, and South America [4] - The company operates vertically integrated greenhouses and processing facilities in New Jersey and Michigan, utilizing patented technologies like GreenThumb software and Self-Watering displays to optimize production and reduce environmental impact [4] - Edible Garden has been recognized as a FoodTech 500 company and is a participant in Walmart's Project Gigaton sustainability initiative [4]
Nature's Miracle Holding Inc. Announces Participation in OTC Markets Virtual Investor Conference
Prnewswire· 2025-06-26 12:30
Company Overview - Nature's Miracle Holding Inc. is a leader in vertical farming technology and operates in the Controlled Environment Agriculture (CEA) industry in the U.S. [3] - The company's common stock trades on the OTCQB market under the symbol "NMHI" [3] Event Participation - Nature's Miracle is participating in the Small Cap Growth Virtual Investor Conference on June 26, 2025, with a presentation scheduled for 1:30 EST [1] - The conference is hosted by Virtual Investor Conferences (VIC) and aims to provide an interactive platform for publicly traded companies to engage with investors [2] Conference Features - The VIC offers real-time engagement solutions, allowing companies to connect with a global audience of retail and institutional investors [2] - The platform replicates components of an on-site investor conference, enhancing capabilities for targeted one-on-one meetings and dynamic video content [2]