Edible Garden Capitalizes on Industry Leadership Position by Unveiling Innovative In-Store Displays at the Global Produce and Floral Show; Opportunity to Drive Incremental Revenue
21 October 2023 - 12:00AM
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 unveiled its new and
innovative in-store displays, featuring an attractive and easily
replenishable design for cut herbs at the Global Produce &
Floral Show (the “Show”).
Jim Kras, Chief Executive Officer of Edible Garden stated, “We
are pleased to announce the new in-store, replenishable displays
for our cut herbs in time for the 2023 holiday season, typically
the busiest time of year in the herb business. These innovative
displays house up to 144 clamshell packages including our most
popular holiday herbs - rosemary, sage, and thyme. We plan to
launch these displays starting at all Meijer retail locations. Each
display contains three compartments, each of which can be easily
restocked using a 48-count PDQ pallet. We will be showcasing these
displays at the Show, and they will be available to all our major
retail partners within our extensive distribution network as we
reaffirm our dedication to providing flavor-forward, top-tier,
sustainably cultivated, organic, fresh, and local produce.”
"We believe these new displays offer the Company an opportunity
to capture additional, incremental revenue, due to their
versatility. Beyond being located in the produce section of retail
outlets, we believe Edible Garden will be able to capture
additional sales volume by strategically placing these displays in
secondary locations throughout the store, including the meat and
frozen sections, as well as the front of the store. We believe this
illustrates Edible Garden's core strength—its deep understanding of
the retail market, enabling the Company to provide innovative
solutions that have the potential to drive additional revenue and
value. The Company’s commitment to our retail partners remains
unwavering, and Edible Garden continues to respond to their needs
and requests. This commitment to retailer needs was noted in an
article in the respected industry publication, Produce
Business.”
David Ross, Vice President of Sales and Marketing at Edible
Garden, commented, "Edible Garden remains committed to meeting the
needs of our retail partners and simplifying the process of
carrying the Company's products. Drawing from my previous
experience as a retail buyer, I understand the expectations of our
retail partners, and this product aligns perfectly with their
needs."
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 and US 11,410,249 B2)
software optimizes growing in vertical and traditional greenhouses
while seeking to reduce pollution-generating food miles. 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
offers a line of sustainable food flavoring products such as Pulp
gourmet sauces and chili-based products. For more information on
Edible Garden go to https://ediblegardenag.com/.
Forward-Looking StatementsThis press release
contains forward-looking statements, including with respect to the
Company’s overall profitability, production and quality
expectations, ability to expand its distribution network and
distribution relationships, and performance as a public company.
The words “believe,” “expect,” “goal,” “objective,” ”opportunity,”
“plan,” “potential,” “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,
LLC212-671-1020EDBL@crescendo-ir.com
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