Edible Garden Receives USDA Grant for Organic Certification Costs for its Belvidere, New Jersey Facility
October 23 2023 - 8:00AM
Edible Garden AG Incorporated (“Edible Garden” or the
“Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled
environment agriculture (CEA), locally grown, organic, and
sustainable produce and products, today announced that the Company
has received a grant from the United States Department of
Agriculture Organic Certification Program administered by the
Hackettstown Farm Service Agency. These funds are designated
to reimburse organic producers and handlers with financial
assistance to reduce the costs associated with organic
certification, as well as processing/handling certifications.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, "We are pleased to receive this grant from the
USDA’s Organic Certification Program, overseen by the Farm Service
Agency. The grant provides reimbursement for a number of the costs
associated with our organic crop certification, and related costs
at our Belvidere, New Jersey facility. Being at the forefront of
controlled environment agriculture and committed to local, organic,
and sustainable produce, organic certification is a key advantage
for the Company. This award builds on our existing collaborations
with the USDA. Earlier this year, our Grand Rapids, Michigan-based
Edible Garden Heartland facility also received a similar grant.
Moreover, we're currently partnering with the New Jersey Institute
of Technology, USDA, and EPA on research focusing on nanobubble
technology's role in ensuring the safety of fresh produce and
processing methods. The Company’s Zero-Waste Inspired® mission
aligns seamlessly with the USDA's objectives, and we are eagerly
anticipating more opportunities to collaborate and contribute to
the world of sustainable agriculture through future projects.”
ABOUT EDIBLE GARDEN®Edible
Garden AG Incorporated is a leader in controlled environment
agriculture (CEA), locally grown, organic and sustainable produce
and products backed by Zero-Waste Inspired® next generation
farming. Offered at over 5,000 stores in the US, Edible Garden is
disrupting the CEA and sustainability technology movement with its
safety-in-farming protocols, use of sustainable packaging, patented
GreenThumb software and self-watering in-store displays. The
Company currently operates its own state-of-the-art greenhouses and
processing facilities in Belvidere, New Jersey and Grand Rapids,
Michigan, and has a network of contract growers, all strategically
located near major markets in the U.S. Its proprietary GreenThumb
2.0 patented (US Nos.: US 11,158,006 B1 and US 11,410,249 B2)
software optimizes growing in vertical and traditional greenhouses
while seeking to reduce pollution-generating food miles. Edible
Garden is also a developer of ingredients and proteins, providing
an accessible line of plant and whey protein powders under the
Vitamin Way® and Vitamin Whey® brands. In addition, the Company
offers a line of sustainable food flavoring products such as Pulp
gourmet sauces and chili-based products.
For more information on Edible Garden go to
https://ediblegardenag.com/.
Investor Contacts:Crescendo
Communications, LLC212-671-1020EDBL@crescendo-ir.com
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