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BELVIDERE, NJ - Edible Garden AG Incorporated (Nasdaq:EDBL) announced Tuesday a new distribution partnership with Chicago-based Pete’s Fresh Market, expanding its retail presence in the Midwest. The company, currently valued at $5.29 million, has been focusing on growth despite challenging market conditions. According to InvestingPro data, analysts anticipate sales growth for the current year.
The agreement will bring Edible Garden’s sustainable produce, including fresh potted herbs, hydroponic basil, wheatgrass, cut herbs, and Pickle Party products, to Pete’s 18 stores across the Chicago area. Pete’s Fresh Market is planning additional locations in several Chicago suburbs including Orland Park and Oak Park.
To support the rollout, Edible Garden will provide customized merchandising displays and implement its Direct-to-Distribution Center program, which the company says optimizes freshness and reduces transportation distances.
"This collaboration supports our mission to make sustainably grown, locally sourced produce widely accessible, while also enhancing our presence in one of the most dynamic grocery markets in the country," said Jim Kras, Chief Executive Officer of Edible Garden, in the press release.
Edible Garden, which specializes in controlled environment agriculture, currently distributes its products to over 5,000 retail locations across the United States, Caribbean, and South America. The company operates facilities in New Jersey, Michigan, and Iowa.
The Pickle Party product line, developed with Hermann Pickle Company, features fermented kosher, non-GMO pickles and sauerkraut.
This expansion follows other recent distribution agreements for the company, which markets itself as following a "Zero-Waste Inspired" approach to farming and packaging.
The information in this article is based on a company press release statement.
In other recent news, Edible Garden reported disappointing financial results for Q2 2025, with both revenue and earnings falling short of expectations. The company experienced a net loss of $4 million, a significant increase from the $1.9 million loss in the same quarter the previous year. Revenue decreased to $3.1 million, down from $4.3 million a year earlier, and fell short of the forecasted $4.48 million. This underperformance was attributed to the company’s strategic exit from low-margin categories and increased expenses. Despite these challenges, the financial results have caught the attention of analysts, although no upgrades or downgrades have been specifically mentioned. Investors are closely monitoring these developments as they consider the company’s future prospects.
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