Edible Garden Signs Three-Year Expanded Distribution Agreements With A US Food Retailer, Expects to Generate Revenue Of $18M-$20M Over Contract Term
Portfolio Pulse from Benzinga Newsdesk
Edible Garden has signed three-year expanded distribution agreements with a US food retailer, anticipating revenue generation of $18M-$20M over the contract term.
February 12, 2024 | 1:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Edible Garden's new distribution agreements are expected to significantly boost its revenue by $18M-$20M over the next three years.
The announcement of expanded distribution agreements with a US food retailer is a significant development for Edible Garden, indicating a substantial increase in its distribution capabilities and potential revenue growth. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100