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Edible Garden's Kick. Sports Nutrition Gains Distribution at Major Midwest Big-Box Retailer
GlobeNewswire News Room· 2025-04-22 12:00
Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [4] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [5] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative [5] Product Launch - The Kick. Sports Nutrition product line is now available at a major Midwest big-box retailer, marking a significant step in the brand's omnichannel go-to-market strategy [1][3] - The product line includes clean-label, functional products such as plant-based and whey protein powders, with plans to expand into pre-workout, post-workout, and hydration formulations [2] Market Potential - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a strong demand for natural and effective health solutions [3] - Edible Garden's omnichannel approach aims to meet this demand by providing convenience, value, and clean ingredients through both retail and online channels [3] Strategic Partnerships - The company is preparing for an e-commerce launch on Amazon, collaborating with Pirawna, a Verified Amazon Partner, to enhance its online distribution strategy [3] - This integrated distribution strategy combines the reach of physical retail with the scale of e-commerce, improving brand visibility and consumer accessibility [3]
Edible Garden and Chef JJ Johnson Deliver Fresh Flavor and Sustainability to NYC with Earth Day Herb Giveaway
Newsfilter· 2025-04-21 13:00
Core Points - Edible Garden AG Incorporated announced a special Earth Day collaboration with Chef JJ Johnson to promote sustainability and community engagement through the distribution of complimentary USDA Organic potted herbs at FIELDTRIP restaurants in New York City [1][2] - The initiative aligns with Edible Garden's Zero-Waste Inspired® mission, emphasizing sustainable farming practices and eco-conscious packaging to reduce environmental impact [2][10] - Chef JJ Johnson views this collaboration as a way to inspire home cooking and a deeper connection to sustainability by encouraging individuals to nurture their own herbs [5][4] 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 [10] - The company utilizes patented technologies such as GreenThumb software and Self-Watering displays to optimize growing conditions and enhance product shelf life [10] - Edible Garden is recognized as a FoodTech 500 company and is a participant in Walmart's Project Gigaton sustainability initiative [10] Chef JJ Johnson's Profile - Chef JJ Johnson is an award-winning chef known for his commitment to sustainability and making ethically sourced food accessible [6][4] - He is the founder of FIELDTRIP, a restaurant that emphasizes rice as a key ingredient and utilizes sustainable practices [7] - Johnson is also involved in various community initiatives focused on food justice and equity [9]
Nature's Miracle Holding Inc. Announces Successful Listing on OTCQB Markets
Prnewswire· 2025-04-17 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. [4] - The company's common shares have been approved to trade on the OTCQB Venture Market under the ticker "NMHI" effective April 17, 2025 [1][2]. Market Position - The OTCQB is recognized as an established public market by the U.S. Securities and Exchange Commission, catering to U.S. and international companies in the entrepreneurial and development stage [2]. - Companies listed on the OTCQB must meet specific criteria, including current financial reporting and passing a minimum bid price test, which enhances transparency and liquidity [2]. Future Growth Plans - The Chairman and CEO of the company, Tie "James" Li, expressed optimism about joining the OTC Markets, indicating that this platform is suitable for the company's development stage and will aid in raising capital for planned growth in 2025 and beyond [3].
Nature's Miracle Holding Inc. Announces Up to $2,000,000 Financing
Prnewswire· 2025-04-14 20:30
Financing Arrangement - Nature's Miracle Holding Inc. has successfully arranged financing with Big Lake Capital, LLC for up to $2,000,000, with an initial funding of $600,000 [1][2] - The financing is structured as a Convertible Promissory Note with a 10% interest rate payable monthly and a term of one year [2] - The investor has the option to convert the funded amount plus accrued interest into shares of common stock at a conversion price of $0.198, which is 110% of the closing price on the funding date [2] 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. [3] - The company's common stock is traded on the OTC Markets Group under the symbol "NMHI" [3]
Edible Garden Signs Exclusive Distribution Agreement with Midwest Retailer
Newsfilter· 2025-04-14 13:00
Core Insights - Edible Garden AG Incorporated has signed a two-year exclusive vendor supply agreement with Berkot's Super Foods to supply sustainably grown products across the Midwest [2][5] - The partnership aims to enhance product freshness and visibility through innovative merchandising solutions, including self-watering displays [4][5] - Edible Garden's commitment to sustainability and local produce is reinforced by this collaboration, which aligns with its growth strategy in the grocery retail sector [6] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [2][7] - The company operates vertically integrated greenhouses and processing facilities in New Jersey and Michigan, with a network of contract growers [7] - Edible Garden's proprietary technologies include the GreenThumb software and patented self-watering displays, aimed at reducing food miles and enhancing shelf life [7] Product Offerings - The company will supply a variety of products, including fresh potted herbs, hydroponic basil, cut herbs, and the functional pickle product known as "Pickle Party" [3][5] - Edible Garden also offers a range of plant and whey protein powders, as well as fresh condiments like gourmet sauces and pickles [7]
Edible Garden's Poultry Mix Launches in Major Retailer Just in Time for Spring Holidays
Newsfilter· 2025-04-08 13:15
Core Insights - Edible Garden AG Incorporated is expanding its fresh Poultry Mix product into the ShopRite chain, leveraging its existing retail relationships and aiming to meet consumer demand for fresh, sustainable culinary herbs during key seasonal periods [1][2][5] Group 1: Product Launch and Market Strategy - The Poultry Mix, which includes fresh culinary herbs like rosemary, thyme, and sage, is being launched in time for the spring holiday season, coinciding with Passover and Easter [2][4] - The product rollout follows a successful winter holiday season where sales doubled year-over-year during Thanksgiving, Christmas, and New Year [2] - The launch is supported by Edible Garden's in-store branding and merchandising tools to enhance consumer visibility and maximize retail impact [4][5] Group 2: Retail Partnerships and Consumer Trust - Edible Garden's partnership with ShopRite, part of Wakefern Food Corp., is significant due to ShopRite's strong presence with over 350 stores and its recognition as the "Most Trusted Grocery Retailer in the Northeast" for three consecutive years [3][5] - The collaboration aims to deepen retail partnerships by introducing high-velocity products that align with consumer demand and seasonal trends [5] Group 3: Company Overview and Sustainability Initiatives - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with a commitment to Zero-Waste Inspired farming practices [6] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, and has a network of contract growers near major U.S. markets [6] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability and innovation in agriculture [6]
Edible Garden Reports 181.3% Year-over-Year Gross Profit Increase for 2024
Globenewswire· 2025-03-31 11:35
Core Business Performance - The core herb business of Edible Garden experienced a revenue growth of 16.3% year-over-year, contributing an increase of $1.7 million [3][12] - Gross profit surged by 181.3%, reaching $2.3 million, with gross margin improving from 5.9% in 2023 to 16.7% in 2024 [3][14] - The company strategically exited lower-margin product lines, such as lettuce and floral, to focus on higher-margin opportunities, which positively impacted profitability and operational efficiency [3][12] Financial Results - For the year ended December 31, 2024, total revenue was $13.9 million, a slight decrease of 1.4% compared to $14.0 million in 2023, primarily due to the exit from lower-margin categories [12][17] - Cost of goods sold decreased by 12.7% to $11.6 million, driven by reduced reliance on third-party growers and the operationalization of Edible Garden Heartland [13][14] - Selling, general, and administrative expenses rose by 15.8% to $11.6 million, influenced by increased legal and accounting fees [15][17] Strategic Initiatives - The company is pursuing the acquisition of Narayan Group, which would enhance its global presence and diversify product offerings, particularly in organic coconut and superfood products [3][4] - Edible Garden is expanding its retail footprint across the U.S. by increasing distribution of its USDA Organic herb line, aligning with rising consumer demand for organic produce [4][8] Innovation and Sustainability - The introduction of Squeezables, a shelf-stable line of stir-in paste herbs, reflects the company's commitment to innovation and meeting consumer needs [5][6] - Edible Garden's sustainable practices earned it a Top 50 ranking in the 2024 FoodTech 500, highlighting its leadership in sustainable food systems [7][8] - The company implemented curbside recyclable pots, contributing to a reduction of 11,803 metric tons of CO₂ emissions in 2024 through Walmart's Project Gigaton [7][8]
CEA Industries Inc. Reports Fourth Quarter and Full Year 2024 Results
Globenewswire· 2025-03-27 20:15
Core Insights - CEA Industries Inc. reported a significant decline in revenue and increased net losses for both the fourth quarter and full year of 2024 compared to previous periods [1][3][9] Financial Performance - **Fourth Quarter 2024**: Revenue was $417,000, up from $391,000 in Q3 2024 and $251,000 in Q4 2023, indicating a year-over-year increase of approximately 66.2% [2][5] - **Gross Profit**: The gross loss for Q4 2024 was $175,000, an improvement from a gross loss of $286,000 in Q4 2023, reflecting a reduction in variable costs [2][7] - **Operating Expenses**: Operating expenses rose to $850,000 in Q4 2024 from $677,000 in Q3 2024, primarily due to acquisition-related expenses [2][8] - **Net Loss**: The net loss for Q4 2024 was $1,019,000, compared to a net loss of $988,000 in Q4 2023, with a loss per share of $(1.29) [2][9] - **Full Year 2024**: Total revenue for FY 2024 was $2,803,000, a significant decrease from $6,911,000 in FY 2023 [3][16] - **Gross Profit**: The full-year gross loss was $220,000, down from a gross profit of $542,000 in FY 2023 [3][16] - **Operating Expenses**: Operating expenses decreased to $2,952,000 in FY 2024 from $3,495,000 in FY 2023, reflecting a 16% reduction [3][16] - **Net Loss**: The net loss for FY 2024 was $3,146,000, compared to a net loss of $2,912,000 in FY 2023 [3][16] Strategic Developments - The company signed an agreement to acquire Fat Panda, a retailer and manufacturer of e-cigarettes and vape devices, which is expected to enhance operational efficiencies and long-term value creation [4] - The acquisition aligns with the company's strategic objectives and aims to leverage Fat Panda's market presence for expansion [4] Backlog and Bookings - **Net Bookings**: In Q4 2024, net bookings increased to $500,000 from $100,000 in the same period last year, attributed to a significant equipment order [6] - **Backlog**: The company's backlog at the end of Q4 2024 was $500,000, up from $400,000 in Q4 2023, indicating a positive trend in demand [6]
Edible Garden Schedules Fourth Quarter 2024 Financial Results and Business Update Conference Call
Globenewswire· 2025-03-24 13:00
Core Viewpoint - Edible Garden AG Incorporated will host a conference call on March 31, 2025, to discuss its financial results for Q4 and the full year of 2024, along with a business update [1]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [4]. - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, and has a network of contract growers near major U.S. markets [4]. - Edible Garden's proprietary GreenThumb 2.0 software optimizes growing in both vertical and traditional greenhouses, aiming to reduce food miles and pollution [4]. - The company offers a range of products, including plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, as well as sustainable food flavoring products like Pulp gourmet sauces [4]. Conference Call Details - The conference call will take place at 8:00 AM Eastern Time and can be accessed via telephone or webcast [2]. - A replay of the call will be available on the company's investor relations website and through telephone access for a limited time [3].
Edible Garden AG rporated(EDBL) - Prospectus(update)
2024-09-25 15:24
As filed with the Securities and Exchange Commission on September 24, 2024. Registration No. 333-281957 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 FORM S-1/A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Delaware 100 85-0558704 (I.R.S. em ...