Edible Garden AG Incorporated - $EDBL STOCK NEWS

Edible Garden AG Incorporated, a leader in controlled environment agriculture, announced a product development agreement with Hermann Pickle Company to develop fermented plant-based products and non-GMO consumer packaged foods. The partnership aims to leverage both companies' strengths in production, marketing, and distribution to meet the increasing consumer demand for healthier and sustainable food options. This collaboration reflects Edible Garden's commitment to expanding its product offerings and Hermann Pickles' legacy as a trusted provider of kosher pickles and sauerkraut.

Edible Garden AG Incorporated has initiated shipping of 'Garden Starters' to Meijer stores, marking the start of the spring planting season. The innovative product offers potted herbs and basil bowls that cater to home gardening enthusiasts. The company aims to meet the rising demand for sustainably grown herbs and produce by managing the entire production, packaging, and distribution process from their Edible Garden Heartland facility in Grand Rapids, Michigan. By strategically utilizing backhauls, they are focused on reducing CO2 emissions, benefiting both the company and the environment. The introduction of 'Garden Starters' is seen as a lucrative sales opportunity for the company and its retail partners, with plans for nationwide expansion.

Edible Garden AG Incorporated has successfully regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2), ensuring the maintenance of its Nasdaq listing. CEO Jim Kras emphasizes the significance of this achievement for enhancing shareholder value and long-term success.

Edible Garden AG Incorporated reported a 40% year-over-year increase in produce revenues and a more than 200% increase in cut herb revenue for the first quarter. The growth was attributed to investments in equipment, infrastructure, and expanded retail distribution. CEO Jim Kras highlighted sustained strong demand for cut herbs and the company's focus on becoming a vertically integrated herb supplier.

Edible Garden AG Incorporated partners with UNFI Distributors to offer Pulp sustainable products across North America. The new line of gourmet sauces and chili-based products aims to enhance meals with a 'Bland to Bold' flavor profile, expanding the reach of Edible Garden's sustainable produce.

Edible Garden AG Incorporated (EDBL) has started shipping spring ornamentals from its facility in Grand Rapids, Michigan, which is expected to positively impact the company's margins. The CEO highlighted the use of proprietary technologies and cutting-edge growing methods to expand the ornamental and floral business, anticipating a boost in overall margins due to the higher-margin nature of these products.

Edible Garden AG Incorporated announces the vertical integration of its Edible Garden Heartland facility in Grand Rapids, Michigan, shifting production of potted herbs in-house to enhance margins. The company is now shipping USDA Organic potted herbs to major Midwest retailers, expecting reduced production costs and improved efficiency.

Edible Garden AG Incorporated announces a planned 1-for-20 reverse stock split of its common stock to meet Nasdaq's minimum bid price requirements and improve marketability.

Edible Garden AG Incorporated reports a 32.8% year-over-year revenue growth for the fourth quarter of 2023, with a 125.8% increase in gross profit in 2023. The company secures two new patents in 2024, showcasing its innovation in AgTech. Edible Garden's CEO highlights the company's revenue growth, partnerships with major retailers, and investment in infrastructure. Financially, the company saw an increase in revenue and gross profit, with improvements in gross and operating margins.