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 Incorporated (NASDAQ: EDBL) regularly issues news and updates that reflect its role in controlled environment agriculture (CEA) and branded better-for-you food products. Company news often highlights new retail placements, distribution expansions, and strategic partnerships that extend the reach of its locally grown, organic herbs, hydroponic basil, and value-added brands such as Kick. Sports Nutrition, Pulp fermented sauces, and Pickle Party ae fermented pickles and krauts.
Press releases frequently cover retail expansion with regional and national grocers, including integrated herb programs, new store openings carrying Edible Garden products, and broader coverage in high-density metropolitan areas. Updates also describe the company’s omnichannel growth strategy, such as the availability of Kick. Sports Nutrition on major e-commerce platforms, which broadens consumer access to its clean-label, performance-focused nutrition offerings.
Investors and observers will also find news on financial and corporate developments, including preliminary sales performance during key selling periods, participation in state tax certificate transfer programs, and capital markets activities disclosed in conjunction with SEC filings. Governance-related announcements, such as appointments to the Board of Directors or senior leadership roles, provide additional context on the company’s oversight and strategic direction.
This news feed aggregates Edible Garden’s latest announcements so readers can follow developments in its CEA operations, technology platform, sustainability initiatives, and branded product portfolio. For those tracking EDBL, the page offers a centralized view of how the company communicates its growth initiatives, partnerships, and financial milestones over time.
Edible Garden AG has entered into a product development agreement with Nutracom to create new lines of nutraceuticals and plant proteins. This collaboration aims to leverage Nutracom's expertise in high-quality nutritional products to develop innovative offerings under the Farm to Formula® brand. With a focus on sustainability and zero waste, the new products will utilize next-generation plant ingredients. Edible Garden's established distribution network will support the rollout, targeting health-conscious consumers and enhancing the company's market position.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) reported a 10.2% revenue increase to $2.7 million for Q1 2022, compared to $2.5 million in Q1 2021, reflecting growth in its customer base. However, the company faced a net loss of $2.6 million, up from $1.2 million a year prior, largely due to rising labor, packaging, and energy costs. CEO Jim Kras noted the impact of the recent IPO on future growth prospects, emphasizing the importance of local produce amid supply chain risks. The company continues to invest in operations to enhance scalability and reduce waste.
Edible Garden AG (Nasdaq: EDBL, EDBLW) announced a partnership with Hemingways to distribute its products across the Northeast, starting in over 30 stores and aiming at more than 200. This strategic move supports Edible Garden's rapid expansion within the organic produce sector, projected to reach $68.50 billion by 2028. The CEO emphasizes the importance of Hemingways' established distribution network, which aligns with the growing consumer demand for sustainable and locally sourced food products.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announced the appointment of three new independent board members on May 4, 2022: Mathew McConnell, Tracy Nazzaro, and Ryan Rogers. McConnell brings extensive experience in capital markets, Nazzaro has a financial background in greenhouse operations, and Rogers has retail experience from Target. CEO Jim Kras emphasized that their expertise will support growth strategies to position Edible Garden as a leader in controlled environment agriculture. The company focuses on sustainable practices and operates state-of-the-art greenhouses in the U.S.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has successfully closed its initial public offering of 2,930,000 shares of common stock and accompanying warrants, generating approximately $14.7 million in gross proceeds. Each share was sold with a warrant at a combined offering price of $5.00. The offering included a 45-day over-allotment option for an additional 439,500 shares and warrants, which Maxim Group LLC has partially exercised. The shares began trading on Nasdaq on May 5, 2022.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has announced the pricing of its initial public offering (IPO), offering 2,930,000 shares at $5.00 each, alongside warrants. The company aims to raise approximately $14.7 million, with plans to utilize proceeds for working capital, debt repayment, and greenhouse construction. The stock is expected to commence trading on May 5, 2022. An additional 439,500 shares may be purchased by underwriters to cover over-allotments. The IPO's closing is anticipated on May 9, 2022, subject to customary conditions.