Controlled Environment Agriculture
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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]
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 George's Plants, Brooklyn Harvest Market, and Associated Supermarket locations to offer its full range of products [1][2][3] Group 1: Retail Expansion - The company has established new distribution channels in Brooklyn, NY, enhancing its visibility and accessibility to consumers [1][2] - George's Plants is recognized for its quality and connection to local food culture, making it a suitable partner for Edible Garden [2] - The addition of more locations within Associated Supermarket and Brooklyn Harvest Market reflects the growing demand for Edible Garden's sustainably grown products [2] Group 2: Product Offering - Edible Garden's product line includes potted and cut herbs, hydroponic basil, and the Pickle Party® line of gourmet fermented foods [1][3] - The company emphasizes clean-label foods that are responsibly grown, catering to consumer demand for sustainable options [3] Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), operating over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company utilizes a Zero-Waste Inspired® farming model and advanced safety protocols, distinguishing itself in the CEA and sustainability technology movement [4] - Edible Garden operates vertically integrated greenhouses and processing facilities, ensuring freshness and reducing environmental impact through strategic partnerships with contract growers [4] Group 4: Technology and Innovation - The company has developed proprietary technologies, including the GreenThumb 2.0 software and Self-Watering displays, to optimize growing conditions and extend product shelf life [5] - Edible Garden holds multiple patents in aquaculture technologies, enhancing its innovative capabilities in sustainable farming practices [5] Group 5: Recognition and Initiatives - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative [6] - The company also markets a range of nutrition and specialty food products, including plant and whey protein powders, and gourmet condiments [6]
Edible Garden Now Available at DUMBO Market and Marrazzo's Market
Globenewswire· 2025-11-20 12:30
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]
Edible Garden’s New Poultry Mix Display Hits Walmart Stores as Holiday Season Kicks Off
Globenewswire· 2025-11-18 13:00
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]
Edible Garden Recognized for Sustainability Leadership in NRG's 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [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 vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [3][4] Sustainability Initiatives - The company’s Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software, which optimizes growing conditions and reduces energy usage [3][5] - Edible Garden's Self-Watering display is designed to extend plant shelf life and enhance in-store presentation, contributing to its sustainability goals [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments, further diversifying its product offerings [6]
Edible Garden Recognized for Sustainability Leadership in NRG’s 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing 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 state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [4][5] Sustainability Initiatives - The company's Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software and Self-Watering displays [3][5] - GreenThumb 2.0 software optimizes growing conditions and reduces energy usage, while the Self-Watering display extends plant shelf life and enhances in-store presentation [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6]
Edible Garden AG Incorporated's Financial Challenges and Opportunities
Financial Modeling Prep· 2025-11-15 01:00
Core Viewpoint - Edible Garden AG Incorporated (EDBL) is facing significant financial challenges despite a strategic shift towards consumer packaged goods, as evidenced by its earnings report and revenue performance [2][3][6] Financial Performance - EDBL reported an earnings per share (EPS) of -$1.38 for Q3 2025, missing the estimated EPS of -$0.51, indicating ongoing financial difficulties [2][6] - The company's actual revenue for Q3 2025 was $2.82 million, below the estimated $3.88 million, although it represented a 9% increase compared to the same period in 2024 [3][6] - Sales of non-perishable consumer packaged goods (CPG) units surged by 49.3% year-over-year, highlighting growth potential despite overall revenue shortfalls [3][6] Financial Metrics - EDBL's enterprise value to operating cash flow ratio is negative at around -0.58, suggesting challenges in generating cash flow from operations [4] - The earnings yield is also negative at approximately -3.66%, further indicating the company's unprofitability [4] - The company maintains a low debt-to-equity ratio of approximately 0.25, suggesting manageable debt levels, but the current ratio of about 0.80 indicates potential difficulties in covering short-term liabilities [5]
Edible Garden Posts 9% Revenue Growth as Non-Perishable CPG Units Surge 49.3% Year-Over-Year
Globenewswire· 2025-11-14 12:30
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]
Agroz Inc. Announces Release of Executive Informational Report Entitled 'The Future of Food: Vertical Farming & AI' by Crystal Research Associates
Prnewswire· 2025-11-13 14:00
Core Insights - Agroz Inc. is an innovative, fully vertically integrated agricultural technology company specializing in AI-powered Controlled Environment Agriculture (CEA) vertical farms [1][3] - Crystal Research Associates, LLC has released an executive informational report on Agroz titled 'The Future of Food: Vertical Farming & AI' effective November 10, 2025 [1][2] Company Overview - Agroz designs, builds, manages, and operates both indoor and outdoor CEA vertical farms, focusing on delivering clean, pesticide-free, fresh, and nutritious vegetables directly to consumers and businesses [3] - The company aims to educate the public on its farming practices and believes its competitive advantage lies in its proprietary Agroz OS system, which includes digitally automated hardware systems and software solutions for farm management [3] Market Position and Future Plans - Agroz plans to expand its locations and services in the Gulf Cooperation Council (GCC) and Southeast Asia to enhance AI-driven food security solutions [5] - The company is set to debut its AI-driven "Agroz Robotics" at the Fortune Innovation Forum 2025, aiming to revolutionize sustainable food production [7]
Local Bounti (LOCL) - 2025 Q3 - Earnings Call Transcript
2025-11-12 14:00
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]