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Edible Garden AG Incorporated (NASDAQ: EDBL) has recently disclosed its preliminary financial performance for the Thanksgiving holiday period, showcasing a notable surge in sales. The company’s press release, dated December 19, 2024, highlights a remarkable 51% year-over-year increase in sales during this key time frame.
Jim Kras, the Chief Executive Officer of Edible Garden, expressed his enthusiasm regarding the company’s robust performance during the Thanksgiving period. This surge in sales signifies a growing demand for Edible Garden’s fresh, sustainable products. Kras attributed this success to the optimal utilization of the company’s herb line and a focused approach on core strengths, positioning Edible Garden as a pioneering force in the industry.
Edible Garden, recognized for its high-quality, locally sourced, organic, and sustainably produced goods, has cemented its reputation among existing partners. The company’s commitment to its Zero-Waste Inspired® mission further strengthens its appeal as it looks to expand its distribution network.
The company, known for its controlled environment agriculture (CEA) practices and sustainable produce, operates through state-of-the-art greenhouses in Belvidere, New Jersey, and Grand Rapids, Michigan. With proprietary software and forward-thinking farming techniques, Edible Garden is making significant strides in the CEA and sustainability space.
However, it is essential to note that the sales figures presented are preliminary and unaudited, subject to further internal review and compilation of actual results. The official financial results for the quarter ending December 31, 2024, are yet to be finalized. As with any forward-looking statement, these preliminary results may vary from the ultimate financial performance of the company.
Investors and stakeholders are advised to remain cautious and refer to Edible Garden’s future financial statements for a comprehensive view of the company’s financial status. The firm explicitly states that its preliminary financial information is not a substitute for the full financial statements prepared in accordance with U.S. generally accepted accounting principles.
This press release contains forward-looking statements, subject to various risks and uncertainties as highlighted in the company’s filings with the Securities and Exchange Commission. Edible Garden remains committed to transparency and will continue to update stakeholders on any material developments regarding its financial performance.
For further information, investors can reach out to Crescendo Communications, LLC at 212-671-1020 or through [email protected].
In conclusion, Edible Garden’s impressive performance during the Thanksgiving season underscores its commitment to sustainable practices and innovation within the agriculture industry.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Edible Garden’s 8K filing here.
About Edible Garden
Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.
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