Welcome to our dedicated page for Edible Garden news (Ticker: EDBL), a resource for investors and traders seeking the latest updates and insights on Edible Garden stock.
Edible Garden AG Inc (EDBL) drives innovation in sustainable agriculture through controlled environment growing systems. This news hub provides investors and industry stakeholders with essential updates on the company's operational developments, technological advancements, and market initiatives.
Access authoritative information about EDBL's latest press releases, including earnings reports, strategic partnerships, and sustainability achievements. Our curated collection features announcements about hydroponic farming innovations, supply chain expansions, and quality control enhancements that define the company's leadership in organic produce cultivation.
Key updates cover three focus areas: technology integration in greenhouse management systems, sustainability milestones through waste-reduction practices, and market expansion efforts serving retail and culinary partners. Each announcement maintains strict factual accuracy while highlighting EDBL's unique blend of traditional farming principles with modern agricultural tech.
Bookmark this page for direct access to primary source materials about Edible Garden's progress in redefining sustainable food production. Regularly updated content ensures stakeholders stay informed about developments impacting the controlled environment agriculture sector.
Edible Garden AG reported its third consecutive quarter of year-over-year revenue growth, achieving 9.9% growth with $3.1 million in Q4 2022 revenue. The company anticipates becoming cash flow positive in 2023 due to prudent capital deployment and market penetration. Notably, it added retail partnerships across key U.S. regions and launched new sustainable products, including salad kits and the Pulp® sauce line. Despite increased costs from inflation and labor, the company remains focused on maximizing yields and nutritional value through innovative technology. The annual net loss totaled $12.5 million, representing a significant increase from the previous year.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a conference call scheduled for March 22, 2023, at 11:00 AM ET. This call aims to discuss the financial results for the quarter ending December 31, 2022, and to provide a business update. Interested parties can join the call via telephone or webcast. Edible Garden is recognized for its leadership in controlled environment agriculture and organic produce, with its products available in over 4,000 stores across the U.S. The company emphasizes sustainability through innovative farming practices and technology, including its proprietary GreenThumb software.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the launch of its new line of Pulp sustainable gourmet sauces and chili-based products at Whole Foods Market locations across the Mid-Atlantic and Southeastern regions, starting summer 2023. CEO Jim Kras emphasized that this expansion into a new product category aims for higher margins and increased brand visibility, as the products will be featured in the refrigerated section next to their existing offerings. This partnership signifies a notable enhancement of Edible Garden’s distribution network, strengthening its presence in the organic produce market.
Edible Garden AG Incorporated has been recognized as a FoodTech 500 company by Forward Fooding, ranking among the top 100 out of over 2,000 global entrants based on business size, digital footprint, and sustainability practices. CEO Jim Kras emphasized the achievement as a testament to their Zero-Waste Inspired initiatives and advanced technologies, including patented GreenThumb software and self-watering displays. The company aims to improve yields, reduce waste, and optimize costs in the AgriFoodTech sector. Edible Garden operates state-of-the-art greenhouses and offers a variety of sustainable and organic products.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announces its debut in the global sauces and condiments market with its new line of Pulp sustainable gourmet sauces. These products will be showcased at National Products EXPO WEST® 2023 in Anaheim, California, from March 8-10. The sauces are USDA Organic and made from non-GMO, preservative-free ingredients. CEO Jim Kras highlighted the market potential, expecting the global sauces market to grow from $172.79 billion in 2021 to $240.7 billion by 2028. The Pulp line aims to leverage existing retail relationships and offer higher-margin products positioned adjacent to the produce section.
On February 15, 2023, Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced that it has regained compliance with Nasdaq's minimum stockholders’ equity requirement and other listing criteria. This notice was received on February 10, 2023, reflecting the Company’s improved financial standing. CEO Jim Kras emphasized the importance of the Nasdaq listing for the Company’s credibility and visibility, and expressed intentions to expand its retail presence across the U.S. Edible Garden specializes in controlled environment agriculture, offering sustainable, locally grown produce through over 4,000 stores nationwide.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a research partnership with the New Jersey Institute of Technology, USDA, and EPA funded by the EPA’s Pollution Prevention Program. The focus is on nanobubble technology and its impact on plant growth in controlled environment agriculture. The research aims to demonstrate nanobubble technology's benefits in indoor farming, including improved plant health, reduced water usage, and enhanced nutrient efficiency. Edible Garden's Zero-Waste Inspired® philosophy complements these efforts, potentially leading to more nutritious produce with longer shelf life.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the closing of its upsized public offering of 1,619,000 units at a price of $6.30 each, generating approximately $10.2 million in gross proceeds. Each unit consists of one share of common stock and one warrant, exercisable at the same price, expiring in five years. The offering included an option for underwriters to purchase an additional 242,850 shares and/or warrants, which has been partially exercised. The offering was executed under registration statements declared effective by the SEC on February 2, 2023.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has announced the pricing of its upsized underwritten public offering of 1,619,000 units, each consisting of one share of common stock and one warrant at $6.30 per unit. The offering aims to raise approximately $10.2 million in gross proceeds, with the warrants immediately exercisable at $6.30 and expiring in five years. An option for underwriters to purchase an additional 242,850 shares exists for over-allotments. The offering is expected to close on or about February 7, 2023, following SEC registration. Maxim Group LLC is the lead manager for this offering.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced a 1-for-30 reverse stock split effective January 26, 2023, following stockholder approval on January 24, 2023. This move aims to meet Nasdaq's minimum bid price requirements and enhance share marketability. After the split, each shareholder's ownership percentage remains unchanged. The authorized shares will also be reduced in proportion. Jim Kras, CEO, expressed optimism that this strategic decision will positively impact the company's stock performance.
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