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 shares are trading higher following the company's announcement of a year-over-year increase in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:57 am

Edible Garden AG (NASDAQ:EDBL) reported Q2 2024 GAAP EPS of $(1.21), a significant improvement from $(4.83) YoY. However, sales of $4.268M missed the $4.432M estimate, though they increased slightly from $4.221M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:13 am

Edible Garden AG Incorporated (NASDAQ: EDBL) reported a 30% year-over-year sales growth in its Vitamins and Supplements products for Q2 2024. This growth is expected to positively impact the company's profitability and cash flow from operations.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:11 pm

Edible Garden AG Incorporated (NASDAQ: EDBL) has announced that its products are now available at Seasons Kosher and Lincoln Market retail locations. This expansion into new retail chains is expected to increase the company's market reach and visibility.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

Edible Garden AG Incorporated (NASDAQ: EDBL) reported a more than 44% year-over-year increase in preliminary produce sales for the key July 4th holiday period.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:10 pm

Edible Garden AG Incorporated (NASDAQ: EDBL) has announced that its Pulp sustainable and fermented products are now available at a major big box retailer's locations across the Midwest.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:19 pm

Shares of Applied DNA Sciences (APDN) fell sharply by 67.5% after announcing a $12 million public offering. Other notable stock movements include Sharps Technology (STSS) climbing 207%, Insmed Incorporated (INSM) jumping 110% on positive Phase 3 study results, and Pineapple Energy (PEGY) gaining 91.5% after a subsidiary signed a significant project. Several other stocks experienced significant gains and losses during Tuesday's mid-day session.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 5:24 pm

Edible Garden has completed the second phase of its Packhouse buildout, which is expected to enhance its production capabilities and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:18 pm

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. The TJX Companies reported better-than-expected Q1 results, while Akoustis Technologies, Barnes & Noble Education, and Petco Health saw significant stock price increases. Edible Garden AG, Biodexa Pharmaceuticals, and Oragenics experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 6:32 pm

Shares of XP Inc. (NASDAQ:XP) fell sharply by around 12% after reporting worse-than-expected first-quarter EPS results. XP posted earnings of 37 cents per share, missing estimates of 40 cents per share, but reported higher-than-expected sales of $818.79 million. Other stocks moving significantly include Akoustis Technologies, Inc. (NASDAQ:AKTS), Barnes & Noble Education, Inc. (NYSE:BNED), and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 5:28 pm

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