Workflow
Kick. Sports Nutrition
icon
Search documents
Edible Garden Reports 2025 Results — Accelerates Planned Expansion into Higher-Margin Ready-to-Drink (RTD) and Shelf-Stable CPG Platform
Globenewswire· 2026-03-31 20:15
Core Insights - Edible Garden AG Incorporated is strategically evolving from its core controlled environment agriculture (CEA) platform into a broader consumer packaged goods (CPG) business, focusing on higher-margin opportunities [5][7][20] - The company is expanding its distribution network and product offerings, particularly in the ready-to-drink (RTD) category, which is projected to grow significantly in the coming years [7][20] Financial & Operating Highlights - For the three months ended December 31, 2025, revenue was approximately $4.1 million, a slight increase from $3.9 million in the same period in 2024, supported by new account launches [9] - The cost of goods sold for the same period was approximately $5.3 million, up from $3.8 million in 2024, primarily due to onboarding new customers during a peak season [10] - Gross profit for the quarter was approximately $(1.2) million, compared to $0.0 million in 2024, reflecting a gross margin of approximately -29% [11] - Selling, general and administrative expenses increased to approximately $4.6 million for the quarter, up from $2.6 million in 2024, driven by investments in personnel and infrastructure [12] Year-End Financial Overview - For the year ended December 31, 2025, revenue was approximately $12.8 million, down from $13.9 million in 2024, due to a strategic shift away from lower-margin products [13] - The cost of goods sold for the year was $13.0 million, an increase of 12.7% from $11.5 million in 2024, driven by elevated procurement and logistics costs [14] - Gross profit for the year was $(0.2) million, a decrease of $2.5 million from $2.3 million in 2024, with a gross margin decline to (1.6%) from 16.7% [15] - Selling, general and administrative expenses rose by 34.6% to $15.6 million for the year, compared to $11.6 million in 2024, with significant contributions from depreciation, rent, and professional fees [16] Strategic Initiatives - The company is focusing on expanding into the RTD category, leveraging its sustainable manufacturing infrastructure and established retail relationships [7][20] - A strategic partnership with Tetra Pak is planned to enhance processing capabilities for RTD products, aiming to meet growing consumer demand for clean-label nutrition [7] - The global RTD market is valued at approximately $842.5 billion in 2025 and is projected to reach roughly $1.26 trillion by 2033, presenting a significant growth opportunity for the company [7]
Edible Garden Partners with Steadfast City Economic & Community Partners to Drive Evolution Toward Farm-to-Formula® Ready-to-Drink Midwest Tetra Pak Platform
Globenewswire· 2026-03-25 13:10
Core Insights - Edible Garden AG Incorporated is advancing its Zero-Waste Inspired® model with a focus on sustainable production, regional job creation, and scalable ESG-driven infrastructure through a new Midwest platform initiative in collaboration with Tetra Pak [1][4] Group 1: Expansion and Strategy - The company's expansion into ready-to-drink (RTD) products reflects its established operating model centered on sustainably grown produce and controlled environment agriculture [2][3] - The Midwest initiative aims to optimize production, distribution, and product development capabilities, enhancing the company's growth in value-added categories [1][4] Group 2: Collaboration and Capabilities - The partnership with Tetra Pak provides Edible Garden with advanced production capabilities and sustainable packaging solutions, aligning with its environmental responsibility goals [4] - The Midwest facility is expected to serve as a hub for the expanding RTD portfolio, enabling faster market entry for new products [4][10] Group 3: Consumer Demand and Market Trends - There is a significant shift in consumer preferences towards clean, transparent, and health-oriented products, creating opportunities for companies that can deliver on these expectations [5][6] - Retailers are increasingly prioritizing products that meet the demand for clean and functional options, which aligns with Edible Garden's focus on clean-label products [6][7] Group 4: Operational Model and Integration - Edible Garden employs a vertically integrated, Zero-Waste Inspired® approach that connects cultivation, processing, and product development, enhancing supply consistency and innovation [9][10] - The company aims to extend its proven model into RTD and shelf-stable categories while maintaining its commitment to quality, sustainability, and transparency [10][12] Group 5: Economic Impact and Long-term Goals - Steadfast City Economic & Community Partners will assist in ensuring the Midwest platform is optimized for long-term performance and regional economic impact [11][12] - The initiative is positioned to align sustainable food production with regional economic growth, emphasizing the importance of operational discipline and scalability [12]
Edible Garden Schedules Fourth Quarter and Full Year Ended December 31, 2025, Financial Results and Business Update Conference Call
Globenewswire· 2026-03-24 13:05
Core Viewpoint - Edible Garden AG Incorporated will host a conference call on March 31, 2026, to discuss its financial results for the year ended December 31, 2025, and provide a business update [1]. Group 1: Conference Call Details - The conference call will take place at 4:30 PM Eastern Time and can be accessed via telephone or webcast [1][2]. - U.S. callers can dial +1 888-506-0062, while international callers can use +1 973-528-0011, entering access code 722201 [2]. - A replay of the call will be available on the investor relations section of the company's website and via telephone for a limited time [3]. Group 2: Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [4]. - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, utilizing advanced farming protocols and sustainable practices [4]. - Edible Garden's proprietary GreenThumb 2.0 software and patented Self-Watering displays enhance growing conditions and product presentation [5]. Group 3: Product Offerings - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and premium sports nutrition options [6]. - Edible Garden also offers sustainable condiments and fermented products, expanding its product line to cater to health-conscious consumers [6].
Edible Garden Expands to Chainwide Distribution at The Fresh Market Following Strong Q4 2025 Launch
Globenewswire· 2026-03-10 13:09
Core Insights - Edible Garden AG Incorporated has expanded its USDA Organic herbs product line to all The Fresh Market locations nationwide, reflecting continued retail momentum and deeper market penetration [1][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through a 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] - Edible Garden's proprietary GreenThumb technology optimizes growing conditions and reduces food miles, while its Self-Watering display enhances plant shelf life [5] Retail Partnership - The partnership with The Fresh Market began in Q4 2025 and has now expanded to all store locations, enhancing brand visibility and consumer access to organic herbs [1][3] - The Fresh Market is recognized for its premium fresh foods and exceptional customer service, operating 164 stores across 22 states [2] Product Offerings - In addition to herbs, Edible Garden offers a range of nutrition and specialty food products, including plant and whey protein powders, gourmet sauces, and fermented products [6]
Edible Garden to Showcase Zero-Waste Inspired® Platform and Announce Major Nutrition Platform Expansion at Natural Products Expo West® 2026 in Anaheim, California, March 3–6
Globenewswire· 2026-02-27 13:02
Core Insights - Edible Garden AG Incorporated is participating in Natural Products Expo West® 2026, showcasing its vertically integrated growth platform and announcing a significant strategic initiative [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown, organic, and sustainable 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 practices [4] - It has state-of-the-art greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers to ensure product freshness [4] Technological Innovations - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and reduces food miles, supported by multiple U.S. patents [5] - The company also holds patents for advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Product Offerings - The company markets a range of nutrition and specialty food products, including plant and whey protein powders, and a line of sustainable condiments [6] - Its product portfolio includes Vitamin Way® and Vitamin Whey®, as well as fermented sauces and pickles under the Pulp brand [6] Industry Context - Natural Products Expo West is a major trade event for natural and organic products, attracting approximately 60,000 to 65,000 participants annually, with a significant portion being buyers [2]
Edible Garden Executes New Distribution Agreement with Busch's Fresh Food Market
Globenewswire· 2026-02-25 14:17
Core Insights - Edible Garden AG Incorporated has entered a two-year distribution agreement with Busch's Fresh Food Market to expand its retail presence in the Midwest, focusing on fresh potted herbs [1][2][4] Group 1: Distribution and Partnerships - The partnership with Busch's enhances Edible Garden's distribution footprint in the Midwest, aligning with the company's strategy to collaborate with regional retailers that prioritize freshness and community engagement [2][4] - Busch's Fresh Food Market, a family-owned retailer, has been serving Michigan communities for 50 years and emphasizes locally produced items and exceptional shopping experiences [3] Group 2: Product and Technology - Edible Garden's fresh potted herbs are cultivated using a controlled environment agriculture platform, which aims to provide longer shelf life, consistent quality, and reduced food waste [2][5] - The company will implement branded wire rack displays and patented self-watering displays in Busch's stores to enhance product visibility and performance [4][6] Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture, offering locally grown, organic produce through a sustainable farming model, and operates over 5,000 retail locations across the U.S., Caribbean, and South America [5][7] - The company has developed proprietary technologies, including the GreenThumb 2.0 software and self-watering displays, to optimize growing conditions and improve in-store presentation [6]
Edible Garden Reports 2025 Sustainability Performance Through Walmart's Project Gigaton
Globenewswire· 2026-02-23 13:30
Core Insights - Edible Garden AG Incorporated has reported its 2025 sustainability results as part of Walmart's Project Gigaton, showcasing its commitment to reducing supply chain emissions and enhancing environmental efficiency [3][4] Sustainability Performance - The company achieved significant operational efficiencies, including the avoidance of 412,537 conventional refrigerated truck miles through co-loading and backhauling [5] - A reduction of 30,734 gallons in diesel fuel demand and conservation of 694 barrels of crude oil were noted [5] - Edible Garden recycled 1,890,000 gallons of water across its facilities, with a 95% reuse rate in Grand Rapids and 75% in Belvidere [5] - The company reduced 167 metric tons of food waste through donations and operational efficiencies, alongside recycling 70 metric tons of mixed recyclables [5] Commitment to Sustainability - The CEO emphasized that sustainability is integral to the company's operations, with investments in transportation optimization, advanced water recirculation systems, and waste reduction [4][6] - Edible Garden's Zero-Waste Inspired® mission continues to drive the integration of sustainable practices into daily operations [4][6] Technological Innovations - The company 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 [7] - Edible Garden holds multiple patents in advanced aquaculture technologies, indicating a strong focus on innovation within the industry [7] Industry Recognition - Edible Garden has been recognized as a FoodTech 500 firm and has received awards for its commitment to environmental performance and energy stewardship [8]
Edible Garden Reports 2025 Sustainability Performance Through Walmart’s Project Gigaton
Globenewswire· 2026-02-23 13:30
Core Insights - Edible Garden AG Incorporated has reported its 2025 sustainability results as part of Walmart's Project Gigaton, showcasing its commitment to reducing supply chain emissions and enhancing environmental efficiency [3][4] Sustainability Performance - The company achieved significant operational efficiencies, including: - 412,537 conventional refrigerated truck miles avoided through co-loading and backhauling [5] - 30,734 gallons reduction in diesel fuel demand [5] - 694 barrels of crude oil conserved [5] - 1,890,000 gallons of water recycled across facilities, with 95% reuse in Grand Rapids and 75% reuse in Belvidere [5] - 167 metric tons of food waste reduced through donations and operational efficiencies [5] - 70 metric tons of mixed recyclables recycled, including plastics, paper, corrugate, and glass [5] Commitment to Sustainability - The company emphasizes that sustainability is integral to its operations, with ongoing investments in transportation optimization, advanced water recirculation systems, and waste stream reduction [4][6] - Edible Garden's Zero-Waste Inspired® mission drives the integration of sustainable practices into daily operations [4][6] Technological Innovations - The company 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 [7] - Edible Garden holds multiple patents in advanced aquaculture technologies, indicating a strong focus on innovation in sustainable agriculture [7] Industry Recognition - Edible Garden has been recognized as a FoodTech 500 firm and has received NRG's Excellence in Energy Award for its commitment to environmental performance [8]
Edible Garden CEO Jim Kras Named to NJBIZ Power 100 for Second Consecutive Year; Recognized for Leadership in Sustainable Agriculture and Innovation
Globenewswire· 2026-02-17 14:02
Core Insights - Edible Garden AG Incorporated has been recognized for the second consecutive year in the NJBIZ Power 100 list, highlighting its CEO Jim Kras as a significant business leader in New Jersey [1][2] 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 [3] - The company operates over 5,000 retail locations across the United States, Caribbean, and South America, emphasizing advanced safety protocols and sustainable packaging [3] - It has state-of-the-art greenhouses and processing facilities in Michigan, Iowa, and New Jersey, and collaborates with contract growers to ensure product freshness and minimize environmental impact [3] Innovation and Technology - The company 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 [4] - Edible Garden holds multiple patents in aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [4] Product Offerings - The company markets a range of nutrition and specialty food products, including plant and whey protein powders, and a line of fresh condiments [5] - Its product lines cater to health-conscious consumers, focusing on sustainable and better-for-you options [5]
Edible Garden to Participate in ECRM's Total Wellness: GLP-1, Weight Management, Nutrition & Vitamin Session, February 10–12, 2026
Globenewswire· 2026-02-05 13:09
Core Insights - Edible Garden AG Incorporated will participate in ECRM's Total Wellness: GLP-1, Weight Management, Nutrition & Vitamin Session from February 10–12, 2026, in Chicago, Illinois, to showcase its products and engage with retail partners [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 [5][7] - The company operates advanced vertically integrated greenhouses and processing facilities, including locations in Grand Rapids, Michigan, Webster City, Iowa, and Belvidere, New Jersey [5] Product Offerings - The company will showcase its Kick Sports Nutrition line, clean labeled sports nutrition, weight management, and GLP-1 support products, along with plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands at the ECRM event [3][4] - Edible Garden also develops a range of nutrition and specialty food products, including fresh condiments and fermented items [7] Strategic Focus - The participation in the ECRM session aligns with the company's strategy to leverage direct retail engagement for distribution growth, new product introductions, and expanded shelf presence in better-for-you nutrition categories [3][4] - The CEO emphasized the growing consumer interest in GLP-1 support and clean nutrition, indicating a strong market demand for differentiated solutions [4]