Edible Garden Kicks-Off Summer Season- Broadens Distribution at King Kullen and IGA Locations Across Long Island, New York
June 01 2023 - 8:15AM
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 an
expansion of its distribution partnership with King Kullen and IGA
across all of their retail locations on Long Island, New York.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, "We are pleased to broaden our distribution at
both King Kullen and IGA retail locations across Long Island, New
York, in time for the 2023 summer season. In response to growing
consumer demand for the fresh produce and herbs that Edible Garden
has built its reputation on, both King Kullen and IGA have doubled
the shelf space that they have allocated in their retail locations
for Edible Garden products. Historically, during the summer season,
we see consumers taking vacations with many in the NY metropolitan
area heading out to the eastern end of Long Island, an area
well-renowned for its coastline and beaches. Many of these
vacationers are year-round Edible Garden consumers, however in the
past it has been difficult for them to find the fresh, sustainably
grown produce that they are used to purchasing during the rest of
the year. By increasing the shelf space allocated to Edible Garden
produce and products, both King Kullen and IGA are providing a
solution to meet the growing consumer demand.”
“We are delighted to step up and supply King
Kullen and IGA retail locations on Long Island with all the produce
they need to meet their customer demands. Moreover, this expansion
of our distribution offers us an opportunity to increase
third-quarter revenue, which is traditionally the lightest quarter
of the year for Edible Garden. We are well aware of the seriousness
with which consumers approach their summer barbecues and are proud
to contribute, as the 'Flavor Maker', to making the summer season
of 2023 the tastiest yet, not just on Long Island, but throughout
the entire Edible Garden distribution network.”
ABOUT EDIBLE GARDEN®
Edible Garden AG Incorporated is a leader in
locally grown organic leafy greens and herbs backed by Zero-Waste
Inspired® next-generation farming. Offered at over 4,000 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 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 Company’s financial
performance, the Company’s expansion into new distribution
networks, the Company’s dependence on growers, and performance as a
public company. The words “believe,” “expect,” “foresee,”
“objective,” “project,” “seek,” “should,” “strategy,” “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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