Why Is Edible Garden (EDBL) Stock Up 91% Today?
EDBLEdible Garden AG rporated(EDBL) InvestorPlace·2024-04-17 23:12

Edible Garden (NASDAQ:EDBL) stock is rocketing higher on Wednesday after the company announced preliminary results for the first quarter of 2024. According to Edible Garden, its produce revenues for the quarter have jumped 40% year-over-year. The company also notes that its cut herb revenue increased 200% from the same period of the year prior. Edible Garden notes that these massive revenue increases are thanks to its investments in equipment and infrastructure. Additions to its retail distribution also res ...