Edible Garden Receives US Patent No. 11,830,088 B2 for GreenThumb Greenhouse Agriculture System
January 23 2024 - 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 U.S.
Patent and Trademark Office (USPTO) has issued a patent related to
its Greenhouse Agriculture System, GreenThumb.
The USPTO has issued U.S. Patent No. 11,830,088
B2, titled, “Greenhouse Agriculture System,” to Edible Garden AG
Incorporated. The patent encompasses methods and systems designed
for optimizing various aspects of greenhouse farming, including the
planting process, the application of pesticides, and the harvesting
of greenhouse crops, such as herbs. The greenhouse system is
designed to incorporate the use of sensors and a proprietary
learning engine. The data collected from these sensors is
instrumental in forecasting the availability of the crops.
Additionally, the specialized learning engine is used to gauge and
predict the market demand for these greenhouse crops, drawing upon
both current and historical order data. Based on this information,
the system is capable of formulating and sending out detailed
instructions for crop production to a greenhouse computer system,
which in turn, facilitates the automated planting or harvesting of
the crops.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, “This patent further illustrates our commitment
to innovation to drive sustainability. The GreenThumb system is not
only crucial for enhancing our supply chain effectiveness, which
has led to increased shipping and fill rates, as well as
significant sales growth, but is also vital in supporting Edible
Garden as we integrate new greenhouse facilities like Edible Garden
Heartland in Grand Rapids, Michigan. This marks the third distinct
patent awarded for our proprietary GreenThumb system, and we are
currently in the process of seeking a trademark for the system's
name."
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, US
11,410,249 B2 and US 11,830, 088 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/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve risks, uncertainties and
assumptions that are difficult to predict including with respect to
the Company’s growth strategies, the success of implementing the
GreenThumb 2.0 software, the Company’s ability to reduce its costs
while meeting the needs of its customers, and performance as a
public company. The words “believe,” “expect,” “aims,” “may,”
“opportunity,” “potential,” “seeking,” “will,” and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to a number of risks,
uncertainties, and assumptions, including market and other
conditions, the Company’s ability to achieve its growth objectives,
and other factors set forth in the Company’s filings with the
Securities and Exchange Act Commission, including the Company’s
annual report on Form 10-K for the year ended December 31, 2022.
Actual results might differ materially from those explicit or
implicit in the forward-looking statements. You should not rely
upon forward-looking statements as predictions of future events.
The Company undertakes no obligation to update any such
forward-looking statements after the date hereof to conform to
actual results or changes in expectations, except as required by
law.
Investor Contacts:Crescendo Communications,
LLC212-671-1020EDBL@crescendo-ir.com
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