Edible Garden Secures USDA Funding Boost, Paving Way For New Organic Products
Portfolio Pulse from Lekha Gupta
Edible Garden AG Incorporated (NASDAQ:EDBL) has received USDA grants to support organic certification, boosting its stock price by 17.3%. The funding will aid in R&D for new organic products, aligning with the company's sustainable mission. Edible Garden also expanded its partnership with Walmart.
October 25, 2024 | 1:56 pm
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Edible Garden AG Incorporated received USDA grants to support organic certification, leading to a 17.3% increase in stock price. The funding will be used for R&D in new organic products, aligning with the company's sustainable mission. Additionally, Edible Garden expanded its partnership with Walmart.
The USDA grants provide financial support for Edible Garden's organic certification, which is crucial for its business model focused on sustainable agriculture. The stock price increase reflects investor confidence in the company's growth potential, especially with the expanded Walmart partnership.
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