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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

2.40

Mkt cap

3.4M

Volume

111K

High

2.86

P/E Ratio

-0.01

52-wk high

311.75

Low

2.40

Div yield

N/A

52-wk low

1.81

Edible Garden AG Incorporated has been granted U.S. Patent No. 11,830,088 B2 for its GreenThumb Greenhouse Agriculture System. The patent covers methods and systems for optimizing greenhouse farming, including planting, pesticide application, and harvesting. The system uses sensors and a proprietary learning engine to forecast crop availability and predict market demand, allowing for automated planting and harvesting instructions. This is the third patent for the GreenThumb system, and the company is also seeking a trademark for the system's name.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:03 pm

Edible Garden has been awarded a grant by the Michigan Occupational Safety and Health Administration (MIOSHA). The grant is part of MIOSHA's initiative to promote workplace safety and health. The financial details of the grant were not disclosed in the article. This grant could be used by Edible Garden to enhance their safety measures, potentially improving their operational efficiency and employee well-being.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:02 pm

Edible Garden AG Incorporated (EDBL) reported over a 50% year-over-year increase in preliminary Produce sales during the key holiday period. The company attributes this growth to its high fulfillment rate of 98% and its Zero-Waste Inspired mission. Edible Garden's distribution network spans over 5,000 retail outlets, including major retailers like Meijer, Walmart, and Target. The company's commitment to quality, sustainability, and reliability is recognized by its partners and is expected to attract more growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:02 pm

Edible Garden AG Incorporated (NASDAQ:EDBL, EDBLW) announced that its new line of Pulp sustainable gourmet USDA Organic fermented sauces will be available at Target retail locations across the southeast. The launch includes a comprehensive marketing campaign and the distribution network now covers over 5,000 retail locations nationwide. The company expects the collaboration with Target to boost growth and visibility for the Pulp product line and the Edible Garden brand.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:13 pm

In Tuesday's pre-market session, several consumer staples stocks experienced significant movements. Better Choice Co (BTTR) led the gainers with a 14.6% increase, while Smart for Life (SMFL) saw the largest decline among the losers, dropping 14.7%. Other notable gainers include Maison Solutions (MSS), China Jo-Jo Drugstores (CJJD), Edible Garden AG (EDBL), Mangoceuticals (MGRX), and Shineco (SISI). On the losing side, Reborn Coffee (REBN), Paranovus Enter (PAVS), AgriFORCE Growing Systems (AGRI), and Alkaline Water Co (WTER) also saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 1:07 pm

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

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