Edible Garden AG Inc Stock Price, News & Analysis

Edible Garden AG (Nasdaq: EDBL) has announced the chainwide rollout of its fresh Poultry Mix at ShopRite stores, strategically timed for the Passover and Easter seasons. The launch follows the product's successful performance during the 2024 winter holidays, where sales doubled year-over-year during Thanksgiving, Christmas, and New Year.

The Poultry Mix, a blend of fresh culinary herbs including rosemary, thyme, and sage, will be available across ShopRite's network of over 350 stores in the Northeast. This expansion leverages Edible Garden's existing partnership with Wakefern Food Corp., the largest retailer-owned cooperative in the United States.

The product will feature prominent merchandising placement in fresh herb sections, supported by Edible Garden's in-store branding tools. The launch aligns with ShopRite's recent recognition as the 'Most Trusted Grocery Retailer in the Northeast' for three consecutive years.

Edible Garden (NASDAQ: EDBL) reported significant financial improvements for 2024, highlighted by a 181.3% increase in gross profit and expansion in gross margin from 5.9% to 16.7%. The company's strategic realignment focused on its core herb business, which grew 16.3% year-over-year, generating an additional $1.7 million in revenue.

While total revenue remained relatively flat at $13.9 million (down 1.4% from 2023), this was due to the company's intentional exit from lower-margin product lines including lettuce and floral. Cost of goods sold decreased by $1.7 million (12.7%) to $11.6 million, driven by increased internal production capabilities.

The company reported a net loss of $11.1 million for 2024, compared to $10.2 million in 2023, primarily due to increased SG&A expenses and interest costs. Notable developments include the proposed acquisition of Narayan Group and the launch of new product lines including Squeezables, Pulp, and Kick Sports Nutrition.

Edible Garden (Nasdaq: EDBL), a controlled environment agriculture company focused on organic and sustainable produce, has scheduled its Q4 2024 financial results conference call for March 31, 2025, at 8:00 AM ET.

The call will be accessible via toll-free phone numbers (+1 888-506-0062 for U.S., +1 973-528-0011 for international callers, access code: 270267). A webcast will be available through the company's investor relations website until March 31, 2026. A phone replay will be accessible until April 14, 2025.

Edible Garden (Nasdaq: EDBL) has secured a prestigious position in the top 50 of the 2024 FoodTech 500 global rankings by Forward Fooding. The recognition comes after evaluation of over 2,000 companies from 50+ countries, based on business size, digital presence, and sustainability practices.

The company's success is driven by its Zero-Waste Inspired® mission and innovative technologies, including the patented GreenThumb software and Self-watering displays. These solutions enhance operational efficiency, extend product shelf life, and reduce waste in controlled environment agriculture (CEA).

As a leader in locally grown, organic, and sustainable produce, Edible Garden leverages advanced greenhouse growing techniques and localized supply chain expertise to maximize yields and optimize costs, contributing to a more sustainable food ecosystem that benefits retailers, consumers, and the environment.

Edible Garden AG (Nasdaq: EDBL) has announced a new partnership with Freshtown Marketplace to distribute its USDA Organic herb product line. The collaboration, announced on March 11, 2025, will expand the availability of Edible Garden's fresh herbs, including basil, cilantro, and parsley, through Freshtown's regional supermarket network.

As a member of the Foodtown supermarket cooperative, Freshtown Marketplace leverages collective buying power to offer competitive pricing while maintaining high-quality standards. This strategic partnership aligns with Edible Garden's mission as 'The Flavor Maker' to provide fresh, sustainably grown produce to health-conscious consumers.

The partnership aims to address growing consumer demand for fresh, organic, and sustainably sourced products while making these options more accessible through Freshtown's retail network. The collaboration also supports locally driven farming practices and complements Freshtown's existing Jersey Fresh suppliers.

Edible Garden AG (Nasdaq: EDBL) announced its participation at Indoor Ag-Con 2025, scheduled for March 11-12, 2025, at The Westgate Las Vegas. Amanda Caton, Head Grower at Edible Garden, will be a featured speaker in the session 'Mastering Integrated Pest Management: Best Practices for CEA Success'.

The event is the largest gathering for controlled environment agriculture (CEA) professionals, bringing together stakeholders across the agriculture supply chain. The session will provide practical insights into Integrated Pest Management (IPM) strategies specifically for the CEA sector, targeting greenhouse operators and vertical farm growers.

CEO Jim Kras emphasized that the event aligns with their Zero-Waste Inspired® vision and offers opportunities to explore latest trends and innovations in CEA growing while sharing knowledge with industry professionals.

Edible Garden (Nasdaq: EDBL) announced its continued pursuit of acquiring Narayan Group, a leading European producer of organic coconut and superfood products. The potential acquisition aims to expand Edible Garden's international footprint and enhance supply chain efficiencies across North America and Europe.

If completed, the acquisition would integrate Narayan's organic product lines into Edible Garden's North American distribution platform, expanding their portfolio of nutrient-dense, plant-based nutrition offerings. The move aligns with the company's Zero-Waste Inspired® mission, promising enhanced supply chain transparency and reduced environmental impact.

Additionally, the company announced 'The Future of Food' event during Natural Products Expo West® 2025, featuring James Beard Award-winning Chef JJ Johnson. The event, scheduled for March 5, 2025, in Anaheim, CA, will showcase culinary innovations using Edible Garden's sustainable ingredients. The company will also display its Pickle Party, Pulp, and Squeezables product lines at Booth #5499A.

Edible Garden AG (Nasdaq: EDBL) announced its participation in Natural Products Expo West® 2025, scheduled for March 5-7 at the Anaheim Convention Center. The company will showcase three product lines at Booth #5499A:

1. Pickle Party: The world's first functional pickle line, developed with Hermann Pickle Company, featuring sustainably sourced, fermented Kosher, Non-GMO pickles and sauerkraut

2. Pulp: A line of fermented gourmet sauces and chili-based products, currently available at major retailers including Target, Whole Foods, Morton Williams, Dierbergs Markets, and Woodman's Market

3. Squeezables: A new shelf-stable, stir-in paste herbs line designed for extended shelf life and waste reduction

The expo, which typically attracts 60,000-65,000 participants with buyers making up 60% of attendees, will showcase natural and organic products, eco-friendly items, and supplements.

Edible Garden CEO Jim Kras has been named to the 2025 NJBIZ Power 100 list, recognizing New Jersey's most influential business leaders. The annual ranking acknowledges leaders across various sectors who are shaping the state's economy and communities. This recognition follows Kras's recent nomination as a finalist for the Entrepreneur Of The Year® 2024 New Jersey Award by Ernst & Young.

Under Kras's leadership, Edible Garden is advancing sustainable agriculture through innovative technologies, including their patented GreenThumb software for greenhouse management and self-watering display technology. These innovations optimize crop yields, extend plant shelf life, and reduce retail spoilage. The company's Zero-Waste Inspired® mission demonstrates their commitment to environmental responsibility and food security while expanding their retail presence and eco-friendly product portfolio.