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

Trading of Edible Garden shares, symbol EDBL, has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:50 pm

Edible Garden's stock was temporarily halted due to a circuit breaker triggered by a downside movement, but it has since recovered, now showing an 18.1% increase.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:43 pm

Trading for EDBL was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:50 pm

Edible Garden AG Inc (NASDAQ:EDBL) shares surged 24.2% after announcing a new vertical integration initiative at its Heartland facility in Grand Rapids, Michigan. This move allows the company to transition potted herb production from contract-growers to in-house, aiming to enhance margins. CEO Jim Kras highlighted the initiative's role in improving operating efficiency and advancing towards profitability. Edible Garden specializes in controlled environment agriculture, offering locally grown, organic, and sustainable produce.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 5:18 pm

Edible Garden's shares are trading higher following the announcement of a new initiative for vertical integration at its Edible Garden Heartland facility in Grand Rapids, Michigan. This initiative will enable the company to move the production of its potted herbs from contract-growers to in-house production.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:11 pm

Edible Garden AG Incorporated (NASDAQ:EDBL, EDBLW) announced the transition of its business to Edible Garden Heartland in Grand Rapids, Michigan, focusing on vertical integration. This move allows the company to shift potted herb production in-house, enhancing margins by reducing production costs. The integration includes advanced technologies and high-speed packing lines, aiming for increased efficiency and profitability.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:06 pm

Cal-Maine Foods, Inc. (NASDAQ:CALM) shares rose by 8.3% in pre-market trading after reporting Q4 earnings of $3.00 per share, surpassing the consensus estimate of $2.46. Other stocks also showed significant movement in pre-market trading, with LAMF Global Ventures Corp. I (NASDAQ:LGVC) and Aesthetic Medical International Holdings Group Limited (NASDAQ:AIH) among the top gainers. Conversely, View, Inc. (NASDAQ:VIEW) and Acorda Therapeutics, Inc. (NASDAQ:ACOR) led the pre-market losers.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 12:11 pm

Edible Garden announced a reverse stock split of its common stock at a ratio of 1-for-20, effective 12:01 a.m. ET, April 5, 2024. Post-split trading on Nasdaq under symbol 'EDBL' begins April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:33 pm

Edible Garden's shares surged following the announcement of an increase in its Q4 EPS results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:07 pm

Edible Garden AG (NASDAQ:EDBL) reported a significant reduction in quarterly losses to $(0.54) per share from $(9.13) YoY, with sales of $4.10M missing the $4.25M estimate but showing a 32.26% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

April 01, 2024 | 11:05 am

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