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 Company
estimates a more than 25% year-over-year increase in preliminary
herb sales during the key Easter holiday period1, based on
preliminary unaudited results.
The Company recorded strong performance across
its core herb categories:
-
Hydroponic Herbs: Increased an estimated 31%, driven by promotional
support, and expanded retailer placement during the holiday
window.
-
Cut Herbs: Rose an estimated 22%, reflecting consistent consumer
preference for fresh, high-integrity ingredients.
-
Potted Herbs: Grew an estimated 18%, supported by targeted
merchandising and the expanded availability of Edible Garden’s
Poultry Mix.
Among the season’s highlights was the expanded
rollout of Edible Garden’s Poultry Mix, a fresh blend of rosemary,
thyme, and sage designed to complement traditional holiday meals.
Following its strong reception during the winter holidays, the
product was strategically reintroduced for the spring season and
featured in promotional campaigns across key retail partners. While
Poultry Mix played a meaningful role in supporting growth within
the potted herb category, the Company noted that its broader Easter
performance was driven by its full portfolio of high-quality,
sustainably grown herbs—reflecting Edible Garden’s ability to
consistently meet evolving consumer preferences for freshness,
flavor, and convenience.
“This Easter season provided strong validation
of our strategy to stay closely aligned with evolving consumer
preferences,” commented Jim Kras, Chief Executive Officer of Edible
Garden. “Whether it's a first-time home cook preparing a holiday
meal or a health-conscious shopper seeking clean-label, sustainable
ingredients, consumers are increasingly turning to Edible Garden to
enhance their everyday cooking experiences."
“We are proud to be recognized as The Flavor
Maker, Edible Garden®—a trusted source for fresh, organic herbs
that bring real flavor to the table. Our full portfolio, from
hydroponic and cut herbs to innovative seasonal items like our
Poultry Mix, is designed to meet the needs of today’s
culinary-minded households. As more people embrace cooking as both
a necessity and a lifestyle, we’re helping them make food taste
better—naturally and responsibly.”
“With a retail network spanning over 5,000
locations, industry-leading fulfillment rates, and a steadfast
commitment to our Zero-Waste Inspired® mission, Edible Garden is
uniquely positioned to scale its impact by making sustainably
grown, high-quality herbs more accessible; reducing food waste
through localized production and efficient distribution; and
empowering consumers to create flavorful, nutritious meals—while
delivering added value to our retail partners through consistent
performance and product innovation.”
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,
Caribbean and South America, 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 vertically integrated 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. The Company has been named a FoodTech 500
company by Forward Fooding, a leading AgriFoodTech
organization. In addition, Edible Garden is also a Giga Guru
member of Walmart's Project Gigaton sustainability initiative.
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 looking
for cleaner labeled, better for you options. Furthermore, Edible
Garden offers a line of fresh, sustainable and functional
condiments such as Pulp fermented gourmet & chili-based sauces
and Edible Garden's Pickle Party - fresh pickles & krauts. 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.
Preliminary, Unaudited Financial
Disclosures
The data presented above is preliminary and
unaudited, based upon our estimates, and subject to further
internal review by management and compilation of actual results.
The data presented above does not reflect the impact of revenue
from vitamins and supplements or other product categories during
this period and may not be reflective of year-over-year trends in
consolidated revenue during the quarter ending June 30, 2025(the
“2nd Quarter”). Our closing procedures for the 2nd Quarter are not
yet complete. Our management’s estimates are based upon preliminary
information currently available from our business and do not
include any promotional deductions. While we expect that our
results will be consistent with these preliminary and unaudited
estimates, our actual results may differ materially from these
preliminary estimates.
This preliminary financial information is not a
comprehensive statement of our financial results for this period.
For example, herbs and produce constitute only one component of our
overall revenue, which also includes sales from vitamins and
supplements. Our actual results may differ materially from these
estimates due to the completion of our financial closing
procedures, final adjustments, and other developments that may
arise between now and the time the closing procedures for the
quarter are completed.
This preliminary financial information should
not be viewed as a substitute for our full interim financial
statements prepared in accordance with U.S. generally accepted
accounting principles. Accordingly, you should not place undue
reliance on this preliminary financial information. The preliminary
financial information has been prepared by, and is the
responsibility of, our management. CBIZ CPAs P.C. (“CBIZ”),
our independent registered public accounting firm, has not audited,
reviewed, compiled or performed any procedures with respect to the
accompanying preliminary financial data. Accordingly, CBIZ does not
express an opinion or any other form of assurance with respect
thereto.
Forward-Looking Statements
This press release contains forward-looking
statements, including with respect to the Company’s preliminary
financial results, overall profitability, ability to expand its
distribution network and distribution relationships, and
performance as a public company. The words “estimate,” “expect,”
“future,” “may,” “seek,” 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 and 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, 2024 and subsequent
quarterly reports on Form 10-Q. Actual results might differ
materially from those explicit or implicit in the forward-looking
statements, specifically our sales growth during the Easter holiday
time period may not (i) reflect our overall revenue growth during
the 2nd Quarter, (ii) the amount of sales that the Company
recognizes as revenue during the 2nd Quarter and (iii) changes in
market conditions during the 2nd Quarter. The Company’s Easter
holiday time period sales are preliminary and unaudited and are
based on the Company’s internal financial records as of the date of
this press release. The Company’s independent registered public
accounting firm, CBIZ has not audited, reviewed, compiled or
performed any procedures with respect to the sales or fulfilment
rate for the Easter holiday time period. Accordingly, CBIZ does not
express an opinion or any other form of assurance with respect to
these preliminary results. 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
1Reflects sales for the Easter holiday period of April
6–19, 2025, compared to the prior year period of March 17–30,
2024.
Edible Garden (NASDAQ:EDBL)
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