Streetbeat News

EDBL

Edible Garden AG Incorporated

https://www.ediblegarden.com

Industry

Agricultural Farm Products

Edible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company. It offers various products, including individually potted, live herbs, cut single-herb clamshells, specialty herb items, various types of lettuce, hydro basil, bulk basil, and vegan protein powder. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.

Open

0.16

Mkt cap

Volume

954K

High

0.16

P/E Ratio

-0.01

52-wk high

13.00

Low

0.14

Div yield

N/A

52-wk low

0.12

Edible Garden AG Incorporated reported a 51% year-over-year increase in preliminary sales during the Thanksgiving period, surpassing expectations. This growth is attributed to a focus on core strengths and high fulfillment rates.

Portfolio Pulse from

December 19, 2024 | 1:30 pm

Edible Garden is set to showcase its USDA Organic produce and sustainable initiatives at the 2024 New York Produce Show and Conference. The company will also introduce its new Pickle Party product line, which is kosher and non-GMO.

Portfolio Pulse from

December 11, 2024 | 1:30 pm

Dario Pressimone has been appointed as Vice President of Digital and E-Commerce at Edible Garden. With 20 years of experience in digital marketing, he is expected to drive growth and innovation through strategic digital initiatives.

Portfolio Pulse from

November 18, 2024 | 1:45 pm

Edible Garden AG Incorporated held its Q3 2024 earnings call, discussing the company's financial performance and business updates.

Portfolio Pulse from

November 13, 2024 | 3:45 pm

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.

Portfolio Pulse from

November 13, 2024 | 12:15 pm

Edible Garden shares rose following the announcement of receiving USDA grants for organic certification research and development in New Jersey and Michigan.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:40 pm

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.

Portfolio Pulse from Lekha Gupta

October 25, 2024 | 1:56 pm

Edible Garden has received USDA grants to support research and development for organic certification at its facilities in Belvidere, New Jersey, and Grand Rapids, Michigan.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2024 | 11:04 am

Edible Garden has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:36 pm

In Tuesday's after-market session, several consumer staples stocks experienced notable price movements. Australian Oilseeds Holdings (NASDAQ:COOT) led the gainers with a 7.4% increase, while AgriFORCE Growing Systems (NASDAQ:AGRI) saw the largest decline, falling 8.0%. Other gainers included Edible Garden (NASDAQ:EDBL) and Safety Shot (NASDAQ:SHOT), while Innovation Beverage Group (NASDAQ:IBG) and BRC (NYSE:BRCC) were among the losers.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 8:31 pm

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