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

0.15

Mkt cap

2.8M

Volume

871K

High

0.15

P/E Ratio

N/A

52-wk high

13.00

Low

0.13

Div yield

N/A

52-wk low

0.12

Edible Garden AG Incorporated (EDBL) reported a significant year-over-year sales increase of over 45% during the Thanksgiving period. The company attributes this growth to a high fulfillment rate of 98.5% and its strong distribution network, which includes over 5,000 retail locations and partnerships with industry leaders. Edible Garden's commitment to quality, locally sourced, organic, and sustainable products aligns with its Zero-Waste Inspired mission and is recognized by its partners, positioning the company for potential future network expansion.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:37 pm

In Friday's intraday session, several consumer staples stocks experienced significant movements. Bruush Oral Care (BRSH) saw a 25.6% increase, while Natural Grocers (NGVC) rose by 20.62% following their Q4 earnings report. Beauty Health (SKIN) increased by 17.41% after its Q3 earnings report. Stryve Foods (SNAX), Lifevantage (LFVN), and Edible Garden AG (EDBL) also saw gains. Conversely, Davis Commodities (DTCK), Spectrum Brands Holdings (SPB), 22nd Century Group (XXII), Ispire Technology (ISPR), Paranovus Enter (PAVS), and Benson Hill (BHIL) experienced declines, with SPB dropping 10.32% after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:31 pm

Edible Garden has implemented technology funded by a grant from BRISEA and has also received a new grant from the NJ Economic Development Authority. This move could enhance the company's operations and financial health.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:02 pm

Edible Garden AG (NASDAQ:EDBL) reported a significant reduction in its quarterly losses to $(0.69) per share from $(7.20) per share year-over-year. Additionally, the company's quarterly sales of $3.29 million exceeded the analyst consensus estimate of $3.07 million by 7.13% and marked a 19.43% increase from the previous year's sales of $2.75 million.

Portfolio Pulse from bharat@benzinga.com

November 13, 2023 | 12:02 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

Edible Garden has received a USDA grant to cover the costs of organic certification for its Belvidere, New Jersey facility. The amount of the grant has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:01 pm

Edible Garden has announced the distribution of its new Vitamin Whey flavor profiles across all Meijer locations. The company's stock symbol is EDBL.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:12 pm

Edible Garden AG Incorporated (NASDAQ:EDBL) has announced a distribution agreement with Dierbergs Markets for its Pulp sustainable gourmet USDA Organic fermented sauces. The sauces will be available in all 26 Dierbergs locations in the St. Louis metropolitan area and one location at Missouri's Lake of the Ozarks. This move extends Edible Garden's Midwest presence and is in line with the company's commitment to sustainability and product innovation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:09 pm

Edible Garden has announced the launch of fall floral and ornamental shipments from its new facility in Grand Rapids, Michigan. The company, which is known for its sustainable and locally grown produce, is expanding its operations with this new facility.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:05 am

Edible Garden AG Incorporated (NASDAQ:EDBL) has signed an agreement to distribute its produce and products to all nineteen Woodman's Markets locations across Wisconsin and Illinois. This marks a significant expansion of Edible Garden's distribution in the Midwest. Woodman's Markets plans to feature Edible Garden's patented, self-watering display chain wide.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:17 pm

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