Global Commodities Research 16 May 2025 Global Commodities The Week in Commodities This is a summary note that consolidates the latest views of our global commodity strategists published over the week; to read detailed reports, refer to the hyperlinks. It also contains hyperlinks to other related research/podcasts on the global commodities market. Oil Markets Weekly: From gasoline to crude: are product prices setting the pace? At Any Rate: Base metals are back from the brink but not fully in the clear A bet ...

Strengthens Farm to Formula® Positioning, Advancing Innovation & Expansion into the 'Better for You' Consumer Products Right Product at the Right Time - Launch Aligns with Rapid Expansion in Global Sports Nutrition Market BELVIDERE, NJ, May 20, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the "Company") (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it has officially ...

近日，记者从巴彦淖尔市科技局获悉，巴彦淖尔市全面加强"蒙科聚"平台建设，组建"蒙科聚"巴彦 淖尔分中心，聚焦辣椒产业升级、矿业绿色转型、智慧农机创新，坚持把科技成果转化作为推动科技创 新和产业创新深度融合的突破口，精准对接产业需求和智力资源。今年，该中心已累计签约成果转化合 作项目14项，金额达950万元，推动技术需求匹配率达80%。 据悉，"蒙科聚"巴彦淖尔分中心联合湖南农业大学举办辣椒产业科技成果发布暨对接活动，发 布"辣椒新品种选育及加工""蔬菜低盐清洁发酵技术应用"等5项科技成果，组织相关企业发布7项技术需 求，促进6家企业与湖南农业大学签订9项科技合作协议，并通过"科创人才—企业家"握手活动，进行一 对一深度对接，为全市辣椒产业延链补链强链提供关键技术支撑。 "蒙科聚"巴彦淖尔分中心联动中南大学开展矿业技术专场对接，围绕有色金属采选冶、尾矿资源化 利用等领域，组织4家企业发布10项技术需求，中南大学专家团队针对矿区生态修复、低品位矿提取等 技术提出创新路径，推动3家企业与校方达成合作意向。 "蒙科聚"巴彦淖尔分中心联合江苏大学开展智慧农机科技成果专场发布，发布"无人驾驶导航""智 能喷灌控制"等8项 ...

KAPALUA, Hawaii, May 15, 2025 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the quarter ended March 31, 2025. The Company also announced a new agriculture-based business venture designed to maximize the value of currently underutilized croplands and stimulate economic revitalization on Maui. Additional updates from the Company will be shared at its Annual Meeting of Stockholders, which will be held virtually on Wednesday, May 21, 2025, at 8:30 ...

Core Viewpoint - CEA Industries Inc. reported significant revenue growth in Q1 2025, driven by increased net bookings and backlog, while also managing operating expenses amid a pending acquisition of Fat Panda, which is expected to enhance its position in the vape industry [1][3][4]. Financial Performance - Revenue for Q1 2025 reached $713,000, a substantial increase from $235,000 in Q1 2024, reflecting a growth of approximately 203% year-over-year [2][4]. - Gross profit improved to $39,000 in Q1 2025, compared to a gross loss of $154,000 in Q1 2024, indicating a positive shift in profitability [5]. - Operating expenses rose to $1.1 million in Q1 2025 from $769,000 in Q1 2024, primarily due to acquisition-related costs [6]. - The net loss for Q1 2025 was $1.1 million, or $(1.33) per share, slightly better than the net loss of $917,000, or $(1.34) per share, in Q1 2024 [6][16]. Operational Highlights - The company maintained a lean operating model, focusing on disciplined expense management and capital preservation, which included headcount reductions and decreased marketing spend [3]. - Net bookings increased to $1.0 million in Q1 2025 from $300,000 in the same period last year, while the backlog grew to $800,000 from $500,000 [4]. Cash Position - Cash and cash equivalents stood at $8.7 million as of March 31, 2025, down from $9.5 million at the end of 2024, with a decrease in working capital of $1.0 million during the same period [7]. - The company remains debt-free, indicating a stable financial position despite the operational losses [7]. Strategic Initiatives - The acquisition of Fat Panda is viewed as a strategic opportunity to enter the high-growth vape industry, leveraging Fat Panda's established market presence and management expertise [3]. - The company is optimistic about the potential for sustainable value creation through this acquisition [3]. Industry Context - CEA Industries operates within the controlled environment agriculture industry, providing solutions that support indoor cultivation, which is increasingly relevant in the context of growing demand for sustainable agricultural practices [8].

Core Insights - Edible Garden AG Incorporated reported a strategic shift towards higher-margin, shelf-stable products, resulting in a 15% year-over-year growth in non-perishable revenue and a nearly fourfold increase in gross profit compared to the previous year [1][3][8]. Financial Performance - For the quarter ended March 31, 2025, total revenue was $2.7 million, a decrease of 13.2% from $3.1 million in the same quarter of 2024, primarily due to the exit from lower-margin floral and lettuce product lines [8]. - Gross profit increased to $88,000 from $23,000 in the prior year, representing an increase of approximately 283% year-over-year, with gross margin improving to 3.2% from 0.7% [9]. - The net loss for the quarter was $3.3 million, an improvement from a net loss of $4.0 million in the same period last year, driven by cost reductions and increased sales from higher-margin products [11]. Strategic Initiatives - The company is focusing on expanding its consumer-packaged goods (CPG) portfolio with brands like Kick. Sport Nutrition, Pickle Party, Squeezables, and Pulp®, which are gaining traction in the market [3][4]. - Edible Garden completed a $15.5 million acquisition of assets from NaturalShrimp Farms Inc., enhancing its R&D and warehousing capabilities, and securing patents for water treatment technologies to support sustainability efforts [3][8]. Market Positioning - The company is enhancing its national distribution footprint by launching and growing retail partnerships with major accounts such as Walmart and Stop & Shop, leveraging patented merchandising solutions [4][5]. - Edible Garden maintains a U.S.-focused production model, with over 90% of its operations based domestically, minimizing exposure to global tariffs and disruptions [6][7]. Product Development - The company is actively reshaping its product mix by phasing out less profitable SKUs and focusing on higher-margin, less commoditized offerings, which has led to a 13% seasonal growth in cut herbs [3][8].

Group 1 - Cadiz reported a quarterly loss of $0.14 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, and compared to a loss of $0.12 per share a year ago, indicating an earnings surprise of -27.27% [1] - The company posted revenues of $2.95 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 34.14%, and this represents an increase from year-ago revenues of $1.12 million [2] - Cadiz shares have declined approximately 39% since the beginning of the year, contrasting with the S&P 500's gain of 0.1% [3] Group 2 - The earnings outlook for Cadiz is currently unfavorable, with a Zacks Rank of 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $4.18 million, and for the current fiscal year, it is -$0.05 on revenues of $16.49 million [7] - The Agriculture - Operations industry, to which Cadiz belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating a challenging environment for stock performance [8]

Core Insights - Edible Garden AG Incorporated has acquired assets from NaturalShrimp Farms Inc. for $12 million in preferred stock, enhancing its balance sheet and increasing shareholder equity [1][3] - The acquisition includes patented water treatment technologies and a shrimp farming facility, which will support Edible Garden's sustainability initiatives and vertically integrated model [1][2] Financial Impact - The transaction strengthens Edible Garden's financial position by adding $3 million in cash through a private placement, with a total investment in preferred stock reaching $15.5 million [1][3] - The acquisition is structured to avoid additional debt, aligning with the company's capital-efficient growth strategy [3] Strategic Initiatives - The patented water treatment technology is expected to improve agricultural efficiency and sustainability across Edible Garden's controlled environment agriculture (CEA) operations [2][3] - The Iowa facility is anticipated to serve as a scalable platform for advanced research and expanded herb production, reinforcing the company's leadership in sustainable food production [3] Collaborations and Innovations - Edible Garden collaborates with organizations like the EPA and FDA, yielding results such as a 55% increase in crop yield and a 30% reduction in harvest cycle duration through nanobubble irrigation trials [4] - The company is recognized as a "Giga-Guru" in Walmart's Project Gigaton initiative, aiming to eliminate one billion metric tons of emissions from the global supply chain by 2030 [4] Market Position - Edible Garden is positioned as a leader in controlled environment agriculture, with its products available in over 5,000 stores across the US, Caribbean, and South America [7] - The company has been named a Top 50 company in the 2024 FoodTech 500 by Forward Fooding, highlighting its impact at the intersection of food, technology, and sustainability [4][7]

Company Performance - Dole reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -10.26% [1] - The company posted revenues of $2.1 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.54%, but down from $2.12 billion year-over-year [2] - Over the last four quarters, Dole has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Dole shares have increased approximately 9% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] - The current consensus EPS estimate for the coming quarter is $0.48 on revenues of $2.14 billion, and for the current fiscal year, it is $1.33 on revenues of $8.39 billion [7] Industry Outlook - The Agriculture - Operations industry, to which Dole belongs, is currently in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]

GrowGeneration (GRWG) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.27, delivering a surprise of -50%.Over the last four quarters, the company has not been a ...