Edible Garden Reports a 324% Year-Over-Year Increase in Gross Profit for Nine-Month Period Ending September 2024
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Edible Garden reported a significant 324% year-over-year increase in gross profit for the nine-month period ending September 2024. The company also saw a 55% increase in cut herbs sales and an increase in pulp sales, with expectations for continued momentum into 2025.
November 13, 2024 | 12:15 pm
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Edible Garden reported a 324% increase in gross profit for the nine-month period ending September 2024, with significant growth in cut herbs and pulp sales. The company expects this momentum to continue into 2025.
The substantial increase in gross profit and sales growth in key product areas like cut herbs and pulp indicate strong business performance. The company's positive outlook for continued momentum into 2025 suggests potential for further stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100