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Edible Garden Joins the CEA Alliance — Partnering with Growers, Suppliers, and Retailers to Shape the Future of Controlled Environment Agriculture & AgTech
Globenewswire· 2025-10-23 13:15
Core Insights - Edible Garden AG Incorporated has joined the Controlled Environment Agriculture (CEA) Alliance to enhance its role in indoor agriculture and promote food safety, sustainability, and innovation [1][3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through its Zero-Waste Inspired® farming model [5] - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major U.S. markets [5] Sustainability Initiatives - The company's membership in the CEA Alliance aligns with its support for Walmart's Project Gigaton, aimed at reducing greenhouse gas emissions across supply chains [2] - Edible Garden is recognized as a Giga Guru member of Walmart's sustainability initiative and demonstrates measurable progress towards sustainability goals [2][8] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life [6] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [7] Industry Collaboration - The CEA Alliance serves as a platform for networking, advocacy, and education among greenhouse and indoor growers, suppliers, and retailers, focusing on food safety and sustainability [3] - Edible Garden's involvement in the Alliance allows it to engage with industry leaders and contribute to best practices in indoor farming [4]
Edible Garden Brings Full Product Line to Associated Supermarket and Brooklyn Harvest Market in New York City
Globenewswire· 2025-10-21 12:30
Core Insights - Edible Garden AG Incorporated is expanding its retail distribution network by partnering with Associated Supermarket and Brooklyn Harvest Market in New York, making its full product line available to metro NY consumers [1][3][4] - The Pickle Party® product line, developed with Hermann Pickle Company, features sustainably sourced, fermented Kosher, Non-GMO pickles and sauerkraut, emphasizing freshness and quality [2][7] - The partnerships with these retailers reflect a shared commitment to sustainability, freshness, and community engagement, enhancing Edible Garden's reach in the New York metropolitan area [3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable produce through a Zero-Waste Inspired® farming model [5][6] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced safety protocols and sustainable packaging [5][6] - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing conditions and aims to reduce food miles, while its patented Self-Watering display enhances plant shelf life [6][7] Product Offerings - The company offers a range of products including potted and cut herbs, hydroponic greens, and the Pickle Party® line, catering to the growing consumer demand for sustainable food options [1][4] - Additional product lines include nutrition and specialty food products like Vitamin Way® and Vitamin Whey®, as well as fresh condiments such as Pulp fermented sauces [7]
Edible Garden Enters into Warrant Exercise Transaction for $4.2 Million in Gross Proceeds
Globenewswire· 2025-10-16 13:20
Core Viewpoint - Edible Garden AG Incorporated has entered into a warrant exercise agreement with an accredited investor, resulting in the immediate exercise of existing warrants for cash and the issuance of new unregistered warrants to purchase additional shares of common stock [1][2]. Group 1: Warrant Exercise Agreement - The company has agreed to exercise 2,021,571 shares of common stock through existing warrants, with the exercise price reduced to $2.06 per share, matching the most recent closing price [1][2]. - The proceeds from this exercise are expected to be approximately $4.2 million before fees and expenses [2]. Group 2: New Warrants - The new warrants allow the purchase of an aggregate of 4,043,142 shares of common stock at the same exercise price of $2.06 per share and will expire five years from the issuance date [2]. - These new warrants were offered in a private placement and have not been registered under the Securities Act, limiting their sale to accredited investors [3]. Group 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 retail locations across the U.S., Caribbean, and South America [5]. - The company operates advanced greenhouses and processing facilities, utilizing innovative technologies such as the GreenThumb software and Self-Watering displays to enhance sustainability and product quality [5][6]. Group 4: Product Offerings - Edible Garden develops a range of nutrition and specialty food products, including plant and whey protein powders, as well as sustainable condiments and fermented products [7][8].
Edible Garden Now Available at Kroger’s
Globenewswire· 2025-10-14 12:30
Core Insights - Edible Garden AG Incorporated has begun shipping fresh potted and cut herbs to Kroger, marking a significant expansion in its distribution network and commitment to sustainable growth [2][4]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [5]. - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including New Jersey, Michigan, and Iowa [5]. - Edible Garden's products are available in over 5,000 retail locations across the U.S., Caribbean, and South America [5]. Strategic Initiatives - The partnership with Kroger aligns with Edible Garden's Zero-Waste Inspired® mission and Kroger's Zero Hunger | Zero Waste initiative, emphasizing a shared commitment to sustainability and community-focused food systems [4]. - The company utilizes proprietary technologies, such as the GreenThumb 2.0 software and patented Self-Watering displays, to enhance product freshness and reduce environmental impact [6]. Product Offerings - Edible Garden offers a variety of fresh herbs, nutrition products, and specialty food items, including plant and whey protein powders, gourmet sauces, and fermented products [7]. - The company is recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative [7].
Edible Garden to Feature First-to-Market USDA Organic Hydroponic Basil at the 2025 Global Produce & Floral Show, October 16–18, 2025, at the Anaheim Convention Center in Anaheim, California
Globenewswire· 2025-10-09 12:30
Core Insights - Edible Garden AG Incorporated will showcase its USDA Certified Organic Hydroponic Basil at the Global Produce & Floral Show from October 16–18, 2025, in Anaheim, California [1][2] - The company emphasizes its commitment to sustainable agriculture, highlighting that its hydroponic basil uses up to 90% less water than conventional farming and reduces food waste through its innovative root-on, living format [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable 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 vertically integrated greenhouses and processing facilities, including locations in Grand Rapids, Michigan, Webster City, Iowa, and Belvidere, New Jersey, while partnering with contract growers near major U.S. markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse growing conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life and enhances in-store presentation [5] - The company holds multiple patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Recognition and Product Line - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company offers a range of nutrition and specialty food products, including plant and whey protein powders, gourmet sauces, and fermented products [6]
Edible Garden's New Distribution at Pete’s Market in Chicago Pushes Brand into Leadership Position in Chicagoland
Globenewswire· 2025-09-23 12:30
Core Insights - Edible Garden AG Incorporated has announced a significant expansion of its national retail distribution network through a partnership with Pete's Fresh Market, enhancing its presence in the grocery market [1][5]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce. The company operates over 5,000 retail locations across the U.S., Caribbean, and South America [6]. - The company utilizes a Zero-Waste Inspired® farming model and advanced safety protocols, along with patented technologies such as GreenThumb software and Self-Watering displays [6][8]. Partnership Details - The partnership with Pete's Fresh Market will involve supplying a diverse selection of sustainably grown products, including the Pickle Party® line, which features fermented Kosher, Non-GMO pickles and sauerkraut [2][5]. - Customized merchandising units, including fresh herb racks and basil displays, will be deployed to enhance product visibility and consumer engagement [3]. Logistics and Operational Efficiency - The rollout will utilize the Direct-to-Distribution Center (DC) program, which allows for direct delivery to Pete's Fresh Market's centralized distribution network, optimizing freshness and reducing food miles [4]. - This logistics model is designed to streamline inventory flow and align with the company's environmental impact goals [4]. Strategic Goals - The CEO of Edible Garden emphasized that this partnership is a strategic move to make sustainably grown produce more accessible while enhancing the company's presence in a dynamic grocery market [5]. - The initiative is expected to deliver topline growth and operational leverage, supporting the company's mission of sustainability and community focus [5].
Nature's Miracle Holding Inc. ("NMHI") Plans to Acquire $20 million Carbon Credit Portfolio to Develop XRP-Based Tokenized Carbon Product
Prnewswire· 2025-09-15 12:30
Core Insights - Nature's Miracle Holding Inc. has signed a Letter of Intent to acquire a $20 million Carbon Credit portfolio, equivalent to approximately one million metric tons of CO2 emission reduction [1][2] - The company plans to utilize XRP ledger technology to develop tokenized carbon credit products, enhancing transparency and efficiency in carbon markets [1][2] - The global carbon credit market is projected to reach USD 35 billion by 2030, indicating significant growth potential in this sector [1] Company Overview - Nature's Miracle Holding Inc. operates in the agriculture technology sector, providing products and services in Controlled Environment Agriculture (CEA) and is also involved in electric vehicle distribution and bitcoin mining [3] - The company aims to be a pioneer in utilizing XRP digital treasury programs and related technologies for tokenization of real-world assets [3] Strategic Partnerships - The acquisition of the carbon credit portfolio is in collaboration with Carbon Credit Corporation, which focuses on green finance and ESG initiatives [4] - The partnership aims to enhance the accessibility, liquidity, and accountability of carbon credit trading, particularly in light of regulatory frameworks like the EU Carbon Border Adjustment Mechanism and the US Clean Competition Act [2][4]
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].