Edible Garden Drives Distribution of USDA Organic Herbs at Additional Key Food, City Supermarket and Lincoln Market Locations in NY Metropolitan Area
December 10 2024 - 7:10AM
Edible Garden AG Incorporated (“Edible Garden” or the
“Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled
environment agriculture (CEA), locally grown, organic, sustainable
produce and products, today announced that it has expanded
distribution of its USDA Organic herb product line to include
additional Key Food, City Supermarket and Lincoln Market locations.
"We are pleased to deepen our relationship with
Key Food, City Supermarket, and Lincoln Market to make our USDA
Organic herb line available in even more locations across the New
York Metropolitan Area," said Jim Kras, CEO of Edible Garden. "As
'The Flavor Maker, Edible Garden®’, our mission is to deliver the
freshest and most flavorful herbs to our retail partners. This
expansion allows even more consumers and communities to experience
more than a dozen locally grown USDA Organic herbs, including
favorites like basil, cilantro, and parsley—all cultivated with a
steadfast commitment to quality and sustainability. We are also
proud to support the grand opening of Lincoln Market’s new store,
reinforcing our dedication to local businesses and the economic
vitality of the communities we serve.”
"The goal across our distribution network is to
make it easier for health-conscious consumers to elevate their
culinary experiences with ingredients that not only deliver
exceptional flavor but also promote a healthy lifestyle and
environmentally sustainable farming practices. This commitment is
reflected in our third-quarter results, with our core business
achieving robust growth and performing stronger than ever. Sales of
cut herbs for the first nine months of 2024 grew by 55% compared to
the same period in 2023, highlighting the success of our approach.
By providing retailers with a diverse selection of fresh,
health-focused products, Edible Garden continues to meet the
evolving preferences of consumers while supporting sustainable,
locally driven farming initiatives."
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. Its proprietary patented (U.S.
Patent No. D1,010,365) Self-watering display is designed to
increase plant shelf life and provide an enhanced in-store plant
display experience. 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’s Kick Sports Nutrition line
features premium performance products that cater to today’s
health-conscious athletes. Furthermore, Edible Garden offers a line
of sustainable food flavoring products such as Pulp gourmet sauces
and chili-based products. For more information on Pulp products go
to https://www.pulpflavors.com/. For more information on Vitamin
Whey® products go to https://vitaminwhey.com/. For more information
on Edible Garden go to https://ediblegardenag.com/.
Forward Looking StatementsThis press
release contains forward-looking statements, including with respect
to the Company’s growth strategies, the Company’s ability to
improve its financial results, and performance as a public company.
The words “believe,” “design,” “expect,” “intend,” “objective,”
“seek,” “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, 2023 and subsequent quarterly reports.
Actual results might differ materially from those explicit or
implicit in the forward-looking statements. 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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