BELVIDERE, NJ, Aug. 11, 2023 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated BB #:336701, a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, announced the launch of EG Direct, a division of Edible Garden. This new division will source and provide, partner produce to the Company’s retail distribution network partners.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, “I am excited to announce the launch of EG Direct, a division of Edible Garden. The Company consistently outperforms the competition, as evidenced by our superior order fulfillment rates across all retailers and distribution partners, consistently surpassing industry norms. This high level of performance demonstrates Edible Garden’s unwavering commitment to delivering excellent service and execution to its distribution network partners and their more than 4,000 retail locations. By continually exceeding partner expectations, we believe our retailers recognize Edible Garden as a reliable, trustworthy source of produce. We view EG Direct as an opportunity to leverage our relationships with retail partners, by adding new revenue streams through the distribution of key, high volume, produce items such as broccoli, carrots, and potatoes, to name a few.”
“We intend to utilize our advanced GreenThumb 2.0 greenhouse management system which will play a pivotal role in the operation of EG Direct. We believe that EG Direct may significantly impact Edible Garden’s top and bottom line due to the Company’s established infrastructure.”
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 4,000 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 No’s.: US 11,158,006 B1 and US 11,410,249 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. 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 offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Edible Garden go to https://ediblegardenag.com/.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
