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Edible Garden Preliminary Holiday Sales Surge 26.4% Year-Over-Year During Key Time Period
Globenewswire· 2026-01-06 12:30
Core Insights - Edible Garden AG Incorporated reported a 26.4% year-over-year increase in preliminary sales during the key holiday selling period in 2025, indicating strong consumer demand and effective operational execution [1][2] - The sales growth was broad-based, with cut and potted herbs increasing approximately 26.7% and 25.0% respectively, and hydroponic basil growing by about 16.4% [1] - The company has expanded its distribution network to over 5,000 retail locations nationwide, including partnerships with major retailers such as Walmart, Target, and Amazon [2] Sales Performance - The sales figures reflect the period from December 14-31, 2025, compared to December 15-31, 2024, showcasing significant growth across various product categories [1][3] - Wheatgrass sales nearly doubled compared to the prior-year period, and condiments and specialty products also contributed positively to overall performance [1] Operational Highlights - The company emphasizes its operational focus and reliability, which are key to supporting growth and enhancing the Edible Garden brand [2] - The fulfillment rate, a key performance metric, is defined as the percentage of orders filled in full relative to the total number of orders received, indicating strong operational efficiency [4] Product and Innovation - Edible Garden is recognized for its controlled environment agriculture (CEA) solutions and sustainable practices, including its Zero-Waste Inspired® growing platform [3] - The company utilizes patented technologies such as the GreenThumb software and self-watering displays to optimize growing conditions and enhance product shelf life [3] Future Outlook - The company aims to continue expanding and strengthening retail relationships while maintaining consistent operational execution and delivering sustainable products that meet consumer demand [2]
Edible Garden Appoints Capital Markets Veteran Michael Naidrich to Board of Directors
Globenewswire· 2025-12-30 13:00
Core Insights - Edible Garden AG Incorporated has appointed Michael Naidrich to its Board of Directors, effective immediately, where he will also serve as Chair of the Audit Committee [1][3] Group 1: Leadership Appointment - Michael Naidrich brings over 30 years of experience in capital markets, financial services leadership, and public-company governance [2] - Naidrich currently serves as CEO of AmeriVet Securities, Inc., and has previously held leadership roles at Tigress Financial Partners and Nova Capital Markets [2] - His expertise in financial strategy and corporate governance is expected to support Edible Garden's growth strategy and long-term shareholder value creation [3] Group 2: 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 [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 2.0 software optimizes greenhouse conditions and aims to reduce food miles, while the company holds multiple patents in aquaculture technologies [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 fresh, sustainable condiments and fermented products, enhancing its product portfolio [7]
Edible Garden Begins Shipping Integrated Herb Program to Weis Markets
Globenewswire· 2025-12-18 13:00
Company’s USDA Organic Herbs Align with Shared Commitment to Freshness and Sustainability Expansion Strengthens Presence Across the Mid-Atlantic BELVIDERE, NJ, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leading provider of controlled environment agriculture (CEA) solutions and sustainable, locally grown organic produce, today announced that it has begun shipping its fresh potted herbs, hydroponic basil, and cut herb varieties t ...
Edible Garden's Award-Winning Kick. Sports Nutrition Now Available on Target.com
Globenewswire· 2025-12-11 13:30
Core Insights - Edible Garden AG Incorporated has expanded its Kick. Sports Nutrition product line to Target.com, enhancing its digital presence and supporting its omnichannel strategy [1][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through a Zero-Waste Inspired farming model [5] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and innovative farming technologies [5][6] Product Details - Kick. Sports Nutrition features clean-label, performance-driven products including whey and plant-based proteins, pre- and post-workout formulations, and hydration-energy blends aimed at athletes and health-conscious consumers [2][4] - The product line's availability on Target.com significantly increases national access and aligns with consumer shopping habits for health and wellness products [2][3] Market Trends - There is a rising consumer demand for high-protein supplements, influenced by changing dietary habits, particularly among users of GLP-1 weight-loss medications [3] - Target is actively expanding its protein and supplement offerings to cater to evolving wellness trends, making it a strategic partner for Edible Garden's Kick. brand [3] Strategic Initiatives - The expansion to Target.com is part of Edible Garden's commitment to meet consumers where they shop, enhancing its omnichannel strategy and building on recent distribution gains [4] - The company has also launched Kick. on Amazon and partnered with Pirawna for e-commerce, along with an international rollout at PriceSmart warehouse clubs [4]
Edible Garden Now Available at DUMBO Market and Marrazzo's Market
Globenewswire· 2025-11-20 12:30
Core Insights - Edible Garden AG Incorporated has expanded its distribution of USDA Organic herbs and sustainably grown produce to new retail partners, DUMBO Market in Brooklyn and Marrazzo's Market in New Jersey, enhancing access to fresh, sustainable food options in the Northeast [1][2][3] 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 [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] - It has state-of-the-art greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major markets to ensure freshness [4] Technology and Innovation - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and aims to reduce food miles, while its patented Self-Watering display extends plant shelf life [5] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5] Market Position and Recognition - Edible Garden has been recognized as a FoodTech 500 firm and is a member of Walmart's Project Gigaton sustainability initiative, highlighting its commitment to sustainability [6] - The company also develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments [7]
Edible Garden Recognized for Sustainability Leadership in NRG's 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [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 [4] - The company operates vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [3][4] Sustainability Initiatives - The company’s Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software, which optimizes growing conditions and reduces energy usage [3][5] - Edible Garden's Self-Watering display is designed to extend plant shelf life and enhance in-store presentation, contributing to its sustainability goals [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments, further diversifying its product offerings [6]
Edible Garden Recognized for Sustainability Leadership in NRG’s 6th Annual Excellence in Energy Awards
Globenewswire· 2025-11-17 12:30
Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing 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 [4] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [4][5] Sustainability Initiatives - The company's Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software and Self-Watering displays [3][5] - GreenThumb 2.0 software optimizes growing conditions and reduces energy usage, while the Self-Watering display extends plant shelf life and enhances in-store presentation [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [14] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party contributing to this growth [14][7] - Core herb portfolio saw significant growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a strong market opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Strategic partnerships with major retailers like Kroger and Fresh Market are being strengthened, expanding the company's retail footprint [8] - The company is pursuing new categories such as nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13] - The current political environment is pushing for less processed foods, creating opportunities for the company to align with consumer demand for clean-label products [28] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The company ended the quarter with $0.8 million in cash and equivalents, down from $3.5 million at year-end 2024 [15] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive location and its potential for R&D on next-generation products, including nutraceuticals and food [22][24] Question: Opportunities with grocery stores - Management confirmed that major grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin related to private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term relationships with major retailers, which are crucial for business growth [31][32]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, up from $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, reflecting higher labor, freight, and raw material costs [14] - Net loss increased to $4 million from a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3 2025, with notable growth in brands such as KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][7] - Core herb portfolio saw growth with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a significant opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Plans to pursue new categories including nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12][13] - The company aims to strengthen retail partnerships and advance product innovation to build long-term shareholder value [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, particularly in the fourth quarter, which is traditionally a strong season [13] - The company is well-positioned to capitalize on the growing demand for clean-label, better-for-you products, with major retailers showing interest in private label collaborations [28][29] Other Important Information - The company has completed its strategic exit from the floral and lettuce categories, which is reflected in the current quarter's performance [14] - The company refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] Q&A Session Summary Question: Can you talk about the build-out of the Natural Shrimp facility and its intended utilization? - Management highlighted the facility's impressive location and plans for R&D on next-generation products, with significant opportunities from major retailers [22][24] Question: Are grocery stores the largest opportunity moving into 2026? - Management confirmed that grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities, driven by demand for clean-label products [27][28] Question: How are margins affected by private label products? - Management indicated that while private label may have lower margins, there are opportunities for volume contracts and deeper relationships with major retailers [31][32] Question: What is the outlook for KICK Sports Nutrition? - Management noted that KICK is gaining traction and is well-positioned to meet the growing consumer interest in plant-forward performance nutrition [10][30]
Edible Garden AG rporated(EDBL) - 2025 Q3 - Earnings Call Transcript
2025-11-14 14:00
Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][15] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [15] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable performance from brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][15] - Core herb portfolio saw growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [15] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a significant opportunity for the company [10] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [10] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7][8] - Strategic partnerships with major retailers like Kroger and Fresh Market are being leveraged to expand the retail footprint and enhance brand visibility [9][13] - The company is pursuing new categories, including nutraceuticals and sustainable proteins, to align with its commitment to health and environmental responsibility [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13][44] - The company is optimistic about the upcoming holiday season, traditionally a strong period for sales, and is focused on expanding its innovative product offerings [25][44] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The facility acquired from Natural Shrimp is undergoing a gap analysis for R&D on next-generation products, indicating a focus on innovation and sustainability [21][24] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive capabilities and plans for R&D on nutraceuticals and food products, highlighting strong relationships with major retailers [21][24] Question: Opportunities in grocery stores for 2026 - Management confirmed that grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin considerations for private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term contracts, which are essential for business stability [31][33]