Edible Garden Begins Shipping Spring Ornamentals and Florals For Sale at Major Big Box Retailers
09 April 2024 - 11:00PM
Edible Garden AG Incorporated (“Edible Garden” or the “Company”)
(Nasdaq: EDBL, EDBLW), a leader in controlled
environment agriculture (CEA), locally grown, organic, sustainable
produce and products, today announced that it has begun shipping
spring ornamentals, grown in its Edible Garden Heartland facility
in Grand Rapids, Michigan. The lineup of spring ornamentals
includes hanging baskets and accent greens.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, “We are delighted to have begun shipping spring
ornamentals from our Edible Garden Heartland facility to major big
box retailers as we lead up to Mother’s Day, one of the biggest
days of the year in the floral industry. Implementing proprietary
technologies, including the patented GreenThumb greenhouse
management system that increases our supply chain's efficiency,
along with our adoption of cutting-edge growing methods, has been
instrumental in the Company expanding the ornamental and floral
business from this facility. We expect that the expansion of this
segment of our business will have a positive impact on the
Company’s overall margins as ornamentals and florals are typically
higher-margin products than some of the other products we
produce.”
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 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 Statements
This press release contains forward-looking
statements, including with respect to the Company’s growth
strategies, the Company’s financial performance, the Company’s
expansion into new distribution networks, and performance as a
public company. The words “expect,” “objective,” “seek,” “will,”
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, the Company’s ability to achieve its growth
objectives, and other factors set forth in the Company’s filings
with the Securities and Exchange Act Commission, including the
Company’s annual report on Form 10-K for the year ended December
31, 2023. 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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