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]

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]

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].

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 ...

As filed with the Securities and Exchange Commission on September 5, 2024. FORM S-1 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) Delaware 100 85-0558704 (Primary standard industrial classification code number) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (I.R.S. employer identification number) 283 Count ...

S-1/A 1 edbl_s1a.htm FORM S-1/A As filed with the Securities and Exchange Commission on May 16, 2024. Registration No. 333-278967 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 FORM S-1 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) Delaware 100 85-0558704 (Primary standard industrial classification ...

S-1/A 1 edbl_s1a.htm FORM S-1/A As filed with the Securities and Exchange Commission on May 8, 2024. Registration No. 333-278967 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 FORM S-1 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) Delaware 100 85-0558704 (Primary standard industrial classification ...

S-1/A 1 edbl_s1a.htm FORM S-1/A As filed with the Securities and Exchange Commission on September 1, 2023. Registration No. 333-274080 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 FORM S-1 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) Delaw ...

S-1 1 edbl_s1.htm FORM S-1 As filed with the Securities and Exchange Commission on August 18, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 (Amendment No. ) 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) Mitchell Nussbaum, Esq. Angela M. Dowd, Esq. Loeb & Loeb LLP 345 Park Avenue New York, N ...

As filed with the Securities and Exchange Commission on February 1, 2023. Registration No. 333-268800 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A (Amendment No. 3) 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. employer identif ...