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Nature's Miracle Holding Inc. ("NMHI") Management and a Lender Invested $1.69 Million in NMHI Shares through Liability and Debt Conversion
Prnewswire· 2025-07-25 12:30
ONTARIO, Calif., July 25, 2025 /PRNewswire/ -- Nature's Miracle Holding Inc. (OTCQB:NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology today announced that certain members of the Company's management team including CEO, President and CFO and a Lender agreed to convert a total $1,692,250 in accrued compensation and debt into 12,967,440 shares at a price of $0.1305 per share, which is the Company's closing stock price on July 24, 2025. The Company's management team converted ...
Edible Garden Introduces Edible Garden Prairie Hills - Webster City, Iowa Following Strategic Asset Acquisition
Globenewswire· 2025-07-23 11:30
Facility to Expand Herb and Nutraceutical Production, Advance Aquaculture R&D, and Enhance Distribution Capacity as Part of Edible Garden’s Zero-Waste Inspired® and Sustainability-Focused PlatformBELVIDERE, NJ, July 23, 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 Edible Garden- Prairie Hills, a 6.2-acre facili ...
Edible Garden’s Pickle Party™ Line Starts Shipping to Uncle Giuseppe’s Marketplace; Strategic Expansion Timed for Summer Demand
GlobeNewswire· 2025-07-16 13:00
Core Insights - Edible Garden AG Incorporated has launched its Pickle Party™ line of fresh condiments at Uncle Giuseppe's Marketplace, coinciding with the peak summer season for consumer demand for flavorful condiments [1][3] - The Pickle Party™ line is the world's first functional pickle line, featuring raw, refrigerated, fermented, Kosher, and Non-GMO products made through traditional fermentation methods [2][3] - The company has also expanded its herb distribution with a new partnership at Scotty's Marketplace, offering hydroponic basil and various potted herbs [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 stores across the US, Caribbean, and South America [4] - The company operates vertically integrated greenhouses and processing facilities in New Jersey and Michigan, utilizing patented technologies like GreenThumb software and Self-Watering displays to optimize production and reduce environmental impact [4] - Edible Garden has been recognized as a FoodTech 500 company and is a participant in Walmart's Project Gigaton sustainability initiative [4]
Nature's Miracle Holding Inc. Announces Participation in OTC Markets Virtual Investor Conference
Prnewswire· 2025-06-26 12:30
ONTARIO, Calif., June 26, 2025 /PRNewswire/ -- Nature's Miracle Holding Inc. (OTCQB:NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology today announced that the Company is participating in the Small Cap Growth Virtual Investor Conference on June 26, 2025 with a presentation time of 1:30 EST. The link to this Investor conference is at https://bit.ly/4k5graa.The Small Cap Growth Virtual Investor Conference is hosted by Virtual Investor Conferences (VIC) at OTC Markets to provi ...
Edible Garden's Kick. Sports Nutrition Wins 2025 Mindful Award Sports Nutrition “Product of the Year”
Globenewswire· 2025-06-12 11:30
Core Insights - Edible Garden AG Incorporated's new Kick. Sports Nutrition line has been awarded the 2025 Sports Nutrition Product of the Year by the Mindful Awards, highlighting the company's commitment to clean-label and sustainable products [1][4] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a significant opportunity for Edible Garden to expand its market presence [4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, with a presence in over 5,000 stores across the US, Caribbean, and South America [8] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, utilizing patented technologies to optimize growing and reduce food miles [8] Product Launch and Strategy - The Kick. Sports Nutrition line includes plant-based and whey protein powders, with plans for expansion into pre-workout, post-workout, and hydration formulations [3] - The product was launched in April at a major Midwest retailer and subsequently on Amazon, reflecting a strong omnichannel strategy that combines physical retail with e-commerce [3][4] Market Positioning - Edible Garden's approach aims to meet the increasing demand for natural and effective health solutions among performance-minded consumers, leveraging convenience and clean ingredients [4] - The company has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative, reinforcing its commitment to innovation and sustainability [8]
Edible Garden Gains New Distribution at Waverly Gourmet Market, Net Cost Market, and Marrazzo's Market; Adds to Store Count at Key Foods
Globenewswire· 2025-05-29 11:30
Core Insights - Edible Garden AG Incorporated is expanding its retail presence in the Northeast U.S. to meet the rising demand for sustainable products, including hydro basil, fresh herbs, and its Pickle Party line [1][2][3] Group 1: Expansion and Product Offerings - The company has added new retail partners in New York and New Jersey, including Waverly Gourmet Market, Key Food, Netcost Market, and Marrazzo's Market, to offer its sustainably grown products [2] - The Pickle Party line features the world's first functional pickles, which are fresh, fermented, Kosher, and Non-GMO, aimed at supporting gut health [2][4] - The expansion enhances Edible Garden's footprint in key Northeast markets, aligning with its mission to provide fresh, locally grown, and environmentally responsible products [2][3] Group 2: Company Mission and Market Position - The CEO of Edible Garden emphasized the company's commitment to cultivating a movement towards fresher, smarter food choices, highlighting the rising demand for clean-label, responsibly sourced food [3] - Edible Garden operates over 5,000 stores across the U.S., Caribbean, and South America, and is recognized as a leader in controlled environment agriculture (CEA) [4] - The company utilizes patented technologies such as GreenThumb software and Self-Watering displays to optimize growing conditions and enhance product shelf life [4]
Edible Garden Launches Kick. Sports Nutrition on Amazon; Partners with Pirawna to Accelerate Brand Growth
Globenewswire· 2025-05-20 11:30
Core Insights - Edible Garden AG Incorporated has launched its Kick. Sports Nutrition product line on Amazon, marking a significant step in its strategy to strengthen its Farm to Formula® positioning and expand into the 'Better for You' consumer products market [1][2] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a substantial opportunity for innovation and accessibility in this sector [5] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan [7] - The company has developed a range of products, including plant-based and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, and is committed to sustainability through initiatives like Walmart's Project Gigaton [7] Product Launch Details - The Kick. Sports Nutrition line features clean-label, functional formulas designed for athletes, with an initial offering of plant-based and whey protein powders, and plans for a full range of pre-workout, post-workout, and hydration products [3][4] - The partnership with Pirawna, an e-commerce growth agency, aims to ensure a successful entry into the competitive sports nutrition market by leveraging their expertise in scaling brands on Amazon [4] Market Context - The launch of Kick. Sports Nutrition aligns with rising health awareness and a growing emphasis on fitness and active lifestyles, positioning the company to meet the evolving demands of today's health-conscious consumers [5]
CEA Industries Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-15 20:15
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].
Edible Garden Reports Q1 2025 Financial Results and Provides Strategic Update
Globenewswire· 2025-05-15 11:30
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].
Edible Garden Strengthens Balance Sheet and Expands R&D Through $12 Million Acquisition of Sustainable Farming Assets of NaturalShrimp Farms Inc.
Globenewswire· 2025-05-14 21:15
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]