EXCLUSIVE: Edible Garden Expands Distribution Deal With Walmart
Portfolio Pulse from Shivani Kumaresan
Edible Garden AG Inc (NASDAQ:EDBL) has expanded its distribution alliance with Walmart Inc (NYSE:WMT), providing additional stock-keeping units (SKUs) in Walmart locations across the Northeast and the East South-Central region of the United States. Edible Garden is also a participant in Walmart’s Project Gigaton, a 2017 initiative to reduce greenhouse gases in the global value chain by 2030. EDBL shares are trading lower by 0.83% at $1.28 in premarket on the last check Thursday.
July 20, 2023 | 1:00 pm
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POSITIVE IMPACT
Walmart has expanded its distribution alliance with Edible Garden, which could potentially enhance its product offerings and sustainability initiatives.
The expanded distribution deal with Edible Garden could potentially enhance Walmart's product offerings and contribute to its sustainability initiatives, which could positively impact its brand image and customer loyalty.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Edible Garden has expanded its distribution alliance with Walmart, which could potentially increase its sales and revenue. However, EDBL shares are currently trading lower.
The expanded distribution deal with Walmart could potentially increase Edible Garden's sales and revenue. However, the impact on the stock price is not immediately positive, as EDBL shares are currently trading lower.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100