Edible Garden expands retail presence in Northeast

BELVIDERE, NJ - Edible Garden AG Incorporated (NASDAQ:EDBL), a micro-cap company with a market value of $6.1 million specializing in controlled environment agriculture (CEA), has announced an expansion of its retail footprint in the Northeast. According to InvestingPro data, the stock has shown strong return over the last month despite significant volatility this year. The company’s sustainably grown hydro basil, herbs, and Pickle Party line of fresh pickles are now available at additional stores in New York and New Jersey, including Waverly Gourmet Market, Key Food, Netcost Market, and Marrazzo’s Market.

The new retail partnerships aim to meet rising consumer demand for clean-label, sustainably sourced food. With annual revenue of $13.4 million and analysts anticipating sales growth this year, Edible Garden’s products, which promote gut health and offer nutritional benefits, align with the company’s mission to provide fresh, locally grown, and environmentally responsible products.

Jim Kras, CEO of Edible Garden, stated that the expansion into dynamic markets like New York and New Jersey allows consumers more access to products that support healthier lifestyles and contribute to smarter food choices.

Edible Garden operates state-of-the-art greenhouses and processing facilities in New Jersey and Michigan and maintains a network of contract growers near major U.S. markets. The company’s proprietary GreenThumb software and patented Self-Watering in-store displays are part of its commitment to sustainability and reducing food miles.

In addition to fresh produce, Edible Garden develops plant and whey protein powders under the Vitamin Way and Vitamin Whey brands, as well as sports nutrition products and functional condiments.

This expansion is part of Edible Garden’s ongoing strategy to innovate and provide sustainable solutions for health-conscious consumers. The company, a member of Walmart’s Project Gigaton initiative, continues to focus on reducing its environmental impact while enhancing its market presence. InvestingPro analysis reveals several additional insights about the company’s financial health and market position, with 13 more exclusive ProTips available to subscribers. Get access to comprehensive financial analysis and the full Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks.

The information in this article is based on a press release statement from Edible Garden AG Incorporated.

In other recent news, Edible Garden AG Inc reported its financial results for the first quarter of 2025, revealing a 13.2% decline in revenue to $2.7 million compared to the previous year. Despite this, the company achieved a 283% increase in gross profit and reduced its net loss to $3.3 million from $4 million in the prior year. This performance is attributed to a strategic shift towards higher-margin products, with nonperishable revenue rising by 15% year-over-year. Additionally, Edible Garden AG Inc announced a significant development with its acquisition of Natural Shrimp Farms for $15.5 million, funded through preferred equity and institutional investment, enhancing its R&D and operational capabilities. The company also entered into an Inducement Letter Agreement with an institutional investor, involving the exercise of existing warrants at a reduced price and the issuance of new five-year warrants, expected to generate approximately $3.5 million in gross proceeds. Maxim Group LLC acted as the exclusive financial advisor for this transaction. These recent developments reflect Edible Garden AG Inc’s ongoing efforts to manage its capital structure and expand its product offerings.

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