Edible Garden Starts Shipping Walmart New Offering - Fresh-Cut Basil

Rhea-AI Summary

Edible Garden AG (Nasdaq: EDBL) has expanded its partnership with Walmart by introducing value size fresh-cut basil to existing Walmart locations. This expansion aligns with Walmart's Project Gigaton sustainability initiative and strengthens Edible Garden's commitment to sustainable farming practices.

The company reported significant sustainability achievements in 2024, including a 183% increase in fuel savings (28,870 gallons) and avoided emissions equivalent to 131 passenger cars, marking a 142% improvement over 2023. These improvements were achieved through enhanced route planning and backhauling efficiencies.

The initiative leverages Edible Garden's proprietary GreenThumb™ technology and innovative greenhouse practices, supporting Walmart's goal to eliminate one billion metric tons of emissions by 2030 while maintaining high fill rates and supply chain efficiency.

Positive

• Expansion of existing Walmart partnership with new product offering
• 183% increase in fuel savings (28,870 gallons) in 2024
• 142% improvement in emissions reduction, equivalent to 131 passenger cars

Negative

• None.

Insights

Supply Chain and Sustainability Expert

The expansion of Edible Garden's Walmart partnership marks a strategic milestone that could significantly impact the company's market position and financial trajectory. The introduction of value size fresh-cut basil to existing Walmart locations leverages three critical advantages:

1. Operational Efficiency: The company's impressive sustainability metrics - 183% increase in fuel savings (28,870 gallons) and 142% improvement in emissions reduction - demonstrate exceptional supply chain optimization. These improvements directly translate to cost savings and operational leverage, potentially expanding profit margins.

2. Strategic Market Positioning: The alignment with Walmart's Project Gigaton (targeting one billion metric tons of emissions reduction by 2030) positions Edible Garden advantageously in the growing sustainable products market. This partnership provides:

• Enhanced distribution network access
• Increased brand visibility
• Potential for future product expansion

3. Competitive Moat: The combination of their proprietary GreenThumb™ technology, Zero-Waste Inspired® practices and established relationship with North America's largest retailer creates significant barriers to entry for competitors. Their demonstrated ability to maintain high fill rates while optimizing logistics suggests a scalable and defensible business model.

The expansion's timing aligns with growing consumer demand for sustainable products and retailer emphasis on environmental responsibility. While the immediate revenue impact may be modest given the specific product category, the strategic value of deepening ties with Walmart and demonstrating operational excellence could catalyze future growth opportunities and market expansion.

Provides Consumer Value Size & Aligns with Walmart’s Project Gigaton, Furthering Sustainability Efforts and Reducing Food Miles

BELVIDERE, NJ, Feb. 03, 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 the expansion of its existing partnership with Walmart. The Company is adding value size fresh-cut basil to its product assortment at Walmart locations. This strategic addition underscores Edible Garden’s ongoing commitment to sustainable farming practices and its dedication to reducing environmental impact through Walmart’s Project Gigaton.

"We are excited to expand our relationship with Walmart by introducing our value size cut basil to their existing locations," said Jim Kras, Chief Executive Officer of Edible Garden. "This expansion advances our mission to provide fresh, sustainable produce while optimizing supply chain efficiencies. By utilizing existing trucking routes and distribution networks, we eliminate unnecessary food miles, reducing emissions and further supporting Walmart’s Project Gigaton."

“In 2024, we accelerated our sustainability efforts, achieving significant year-over-year improvements. We proudly reduced fuel demand by 28,870 gallons, a 183% increase over 2023, and avoided emissions equivalent to 131 passenger cars, marking a 142% improvement. These results stem from enhanced route planning and backhauling efficiencies, allowing us to streamline logistics while maintaining exceptional service."

“The addition of value size fresh-cut basil not only delivers high-quality herbs to Walmart shoppers but also reinforces our ability to meet demand while maintaining industry-leading fill rates. Our Zero-Waste Inspired® mission drives efficiency at every stage of the supply chain, leveraging our proprietary GreenThumb™ technology and innovative greenhouse practices to redefine how fresh produce is grown, packaged, and distributed. Expanding our Walmart partnership strengthens this mission, reinforcing our commitment to sustainable food production and supporting Walmart’s goal of eliminating one billion metric tons of emissions by 2030."

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired® next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. In addition, the Company’s Kick. Sports Nutrition line features premium performance products that cater to today’s health-conscious athletes. Furthermore, Edible Garden offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.

For more information on Pulp products go to https://www.pulpflavors.com/. For more information on Vitamin Whey® products go to https://vitaminwhey.com/. For more information on Edible Garden go to https://ediblegardenag.com/.

Forward-Looking Statements

This press release contains forward-looking statements, including with respect to the Company’s overall profitability, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “aim,” “believe,” “look forward,” “objective,” “plan,” “will,” “seek,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company’s ability to achieve its growth objectives. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com

FAQ

What new product is Edible Garden (EDBL) launching at Walmart in 2025?

Edible Garden is launching value size fresh-cut basil at existing Walmart locations in 2025.

How much fuel did Edible Garden (EDBL) save in 2024?

Edible Garden saved 28,870 gallons of fuel in 2024, representing a 183% increase over 2023.

What sustainability improvements did EDBL achieve in 2024?

In 2024, EDBL achieved a 183% increase in fuel savings and avoided emissions equivalent to 131 passenger cars, a 142% improvement over 2023.

How does EDBL's Walmart partnership support Project Gigaton?

The partnership supports Project Gigaton through optimized supply chain efficiencies, reduced food miles, and sustainable farming practices, helping Walmart's goal to eliminate one billion metric tons of emissions by 2030.