Further validates Edible Garden's Zero-Waste Inspired® mission to deliver safe & sustainably grown produce to its customers Builds on ongoing research collaboration with Auburn University aiming to further elevate controlled environment agriculture food safety in fresh produce BELVIDERE, NJ, May 30, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the "Company") (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce ...

Further validates Edible Garden's Zero-Waste Inspired® mission to deliver safe & sustainably grown produce to its customers Builds on ongoing research collaboration with Auburn University aiming to further elevate controlled environment agriculture food safety in fresh produce BELVIDERE, NJ, May 30, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the "Company") (NASDAQ:EDBL, EDBLW))), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce ...

Packhouse adds Processing and Warehousing Capabilities to Facility; Expected to Expand Company's Capacity State-of-the-Art GreenThumb Technology to be Integrated at Facility; Expected to Increase Production BELVIDERE, N.J., May 24, 2024 (GLOBE NEWSWIRE) -- 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 the Company has completed phase ...

Packhouse adds Processing and Warehousing Capabilities to Facility; Expected to Expand Company’s Capacity State-of-the-Art GreenThumb Technology to be Integrated at Facility; Expected to Increase Production BELVIDERE, N.J., May 24, 2024 (GLOBE NEWSWIRE) -- 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 the Company has completed phase 2 ...

BELVIDERE, NJ, May 22, 2024 (GLOBE NEWSWIRE) -- 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 announced the pricing of a public offering of an aggregate of 2,655,000 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 2,655,000 shares of common stock, and Class B warrants to purchase up to 2,65 ...

BELVIDERE, NJ, May 22, 2024 (GLOBE NEWSWIRE) -- 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 announced the pricing of a public offering of an aggregate of 2,655,000 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 2,655,000 shares of common stock, and Class B warrants to purchase up to 2,655 ...

Edible Garden (NASDAQ:EDBL) stock is in the rise Wednesday alongside a strong Q1 earnings report and a potential short squeeze of its shares.Edible Garden’s Q1 earnings report includes revenue of $3.1 million. While that’s below Wall Street’s estimate of $3.2 million, it still represents a 27.6% increase year-over-year.Edible Garden CEO Jim Kras said the following about the company’s Q1 performance.“We have achieved consistent top-line revenue growth over recent quarters, and more importantly, have increase ...

财务数据和关键指标变化 - 公司第一季度收入为3.1亿美元,同比增长27.6% [35] - 毛利率增加171个基点,主要由于公司减少对第三方种植者的依赖 [36][50] - 销售、一般及管理费用增加,主要由于前任CFO离职产生的60万美元一次性费用 [37] - 净亏损为400万美元,每股亏损13.65美元,主要由于销售费用增加和一次性费用 [38] 各条业务线数据和关键指标变化 - 切割香草和盆栽香草产品需求增加,推动了收入增长 [43][62][63] - 公司正在扩大营养保健品业务,计划在第四季度推出新产品线 [56][57] 各个市场数据和关键指标变化 - 公司与沃尔玛、梅杰等大型零售商合作,在中西部地区拓展业务 [43][46][47] - 公司与KeHE和UNFI等大型分销商合作,大幅扩展Pulp产品线的分销网络 [23][24] 公司战略和发展方向及行业竞争 - 公司加快向垂直一体化转型,自有生产设施占比达95%,有助于提升毛利率 [11][12][13][50] - 公司推出新产品线Pulp,进军调味品市场,并与赫尔曼泡菜公司合作开发发酵产品 [19][26] - 公司获得多项专利,包括温室管理系统和自动浇水技术,提高运营效率 [27][28] - 公司获得多项政府补助,用于有机认证、员工培训和安全生产等 [29][30][31] - 公司与多家大学和政府机构合作,致力于提高产品安全和质量 [32][33] 管理层对经营环境和未来前景的评论 - 管理层对公司2024年前景保持乐观,认为公司有能力提高利润率 [39][68][69] - 管理层表示公司有足够产能支持新客户和分销商的需求增长 [42][43][44][46][47] - 管理层认为公司向垂直一体化转型将带来明显的毛利率改善 [50][53][54] 问答环节重要的提问和回答 问题1 **Anthony Vendetti 提问** 询问公司Heartland设施的产能利用情况,以及新客户订单的增长情况 [42][45] **Jim Kras 回答** - Heartland设施目前产能利用率在65%-70%之间,有足够空间满足新客户需求 [43][44] - 新客户订单正在快速增长,预计2024年可贡献18-20百万美元收入 [46][47] 问题2 **Anthony Vendetti 提问** 询问减少第三方种植者依赖对毛利率的影响 [48][53] **Jim Kras 回答** - 公司已大幅减少对第三方种植者的依赖,目前自有生产占比达95% [49][50] - 这将显著提升公司的毛利率,在第一季度已经看到一定程度的改善 [53][54] 问题3 **Unidentified Analyst 提问** 询问公司当前的主要增长动力 [61] **Jim Kras 回答** - 切割香草和盆栽香草产品是当前主要的增长动力,得益于与沃尔玛、梅杰等大型零售商的合作 [62][63] - 这些产品销量高且毛利率较高,是公司重点发展的品类 [63]

Edible Garden AG Inc (NASDAQ: EDBL) nearly doubled in premarket on Wednesday after reporting a significantly year-over-year increase in its first-quarter revenue. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Edible Garden CEO on Q1 earningsCopy link to sectionThe organic food company saw its revenue come in at $3.1 million in Q1 that translates to a near 28% increase versus last year.  $EDBL attributed the strength to customer demand and expansion ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41371 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) Delaware 85-0558704 (State or other jurisdiction of incorporation or (I.R.S. Employe ...