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Edible Garden AG Inc - EDBL STOCK NEWS

Welcome to our dedicated news page for Edible Garden (Ticker: EDBL), a resource for investors and traders seeking the latest updates and insights on Edible Garden.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Edible Garden's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Edible Garden's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.16%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.5%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.5%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.06%
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Rhea-AI Summary
Edible Garden AG Incorporated (EDBL) to host a conference call to discuss financial results for Q4 2023 and provide a business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.15%
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Rhea-AI Summary
Edible Garden AG Incorporated announces partnership with KeHE Distributors to distribute Pulp sustainable gourmet sauces and chili-based products to over 31,000 retail locations in North America, enhancing brand visibility and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.14%
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Rhea-AI Summary
Edible Garden AG Incorporated announces the launch of its new line of Pulp sustainable gourmet sauces and chili-based products at the National Products EXPO WEST® 2024. The company aims to showcase its products to a wide audience and expand its retail presence in response to the growing global sauces and condiments market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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Rhea-AI Summary
Edible Garden AG Incorporated appoints Chanida Curnutt as Senior Vice President of Business Development and Compliance, bringing extensive global business experience to drive growth and expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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management
Edible Garden AG Inc

Nasdaq:EDBL

EDBL Rankings

EDBL Stock Data

1.72M
288.42k
4.27%
10.78%
0.2%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
Link
United States
Belvidere