Edible Garden Transitions Business to Edible Garden Heartland on Schedule; Increased Efficiency and Owned Facility Expected to Positively Impact Margins [Yahoo! Finance]
Edible Garden AG Incorporated (EDBL)
Company Research
Source: Yahoo! Finance
BELVIDERE, NJ, April 03, 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 a new initiative aimed at vertical integration of its Edible Garden Heartland facility in Grand Rapids, Michigan, allowing the Company to shift production of its potted herbs from contract-growers to in-house production which is expected to enhance the Company's margins. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “As a result of our vertical integration initiative, I am pleased to announce we are now shipping the USDA Organic potted herbs produced at our Edible Garden Heartland facility to major distribution partners in the Midwest. This marks a significant expansion of our Midwest production capabilities and is expected to enhance our margins by reducing production costs. Since acquiring Edibl
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EDBL
News
- Edible Garden Announces Product Development Agreement with Hermann Pickle Company [Yahoo! Finance]Yahoo! Finance
- Edible Garden Announces Product Development Agreement with Hermann Pickle CompanyGlobeNewswire
- Edible Garden Begins Shipping ‘Garden Starters' in Time for Spring Planting Season [Yahoo! Finance]Yahoo! Finance
- Edible Garden Begins Shipping ‘Garden Starters’ in Time for Spring Planting SeasonGlobeNewswire
- EY Announces Jim Kras, CEO of Edible Garden AG Incorporated as an Entrepreneur Of The Year® 2024 New Jersey Award Finalist [Yahoo! Finance]Yahoo! Finance
EDBL
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 3/A
- 5/1/24 - Form 3
- EDBL's page on the SEC website