Edible Garden AG IncorporatedNASDAQ: EDBL

Company reaffirms commitment to community involvement, local investment, and leadership in ESG and sustainability initiatives Company reaffirms commitment to community involvement, local investment, and leadership in ESG and sustainability initiatives

Designed to offer retail partners an improved and more efficient way to display the Company's herbs Designed to offer retail partners an improved and more efficient way to display the Company's herbs

Further validates Edible Garden's Zero-Waste Inspired® mission to deliver safe & sustainably grown produce to its customers

Packhouse adds Processing and Warehousing Capabilities to Facility; Expected to Expand Company's Capacity State-of-the-Art GreenThumb Technology to be Integrated at Facility; Expected to Increase Production BELVIDERE, N.J., May 24, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that the Company has completed phase 2 of the packhouse buildout at the Edible Garden greenhouse facility in Belvidere, NJ.

BELVIDERE, NJ, May 22, 2024 (GLOBE NEWSWIRE) -- 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 the pricing of a public offering of an aggregate of 2,655,000 shares of its common stock (or pre-funded warrants in lieu thereof), Class A warrants to purchase up to 2,655,000 shares of common stock, and Class B warrants to purchase up to 2,655,000 shares of common stock, at a combined public offering price of $2.26 per share (or $2.25 per pre-funded warrant) and accompanying warrants. The warrants will have an exercise price of $2.26 per share, will be exercisable immediately upon issuance. The Class A warrants will expire on the fifth anniversary of the original issuance date, and the Class B warrants will expire on the eighteen-month anniversary of the original issuance date. The closing of the offering is expected to occur on or about May 23, 2024, subject to the satisfaction of customary closing conditions. Gross proceeds, before deducting placement agent fees and offering expenses, are expected to be approximately $6.0 million.

Shares of Edible Garden (NASDAQ: EDBL) are increasing on Wednesday following a robust Q1 earnings report and the possibility of a short squeeze. The company's first-quarter earnings include revenue totaling $3.1 million.

Edible Garden AG Inc (NASDAQ: EDBL) experienced a nearly 100% increase in premarket trading on Wednesday following a substantial year-over-year growth in first-quarter revenue. The CEO of Edible Garden commented on the company's Q1 earnings, noting that the organic food company achieved a revenue of $3.1 million in the first quarter, representing a nearly 28% rise from the previous year.

Edible Garden (NASDAQ: EDBL ) stock is surging on Wednesday following the company's announcement of strong preliminary results for the first quarter of 2024. Edible Garden reported a 40% increase in produce revenues compared to the same period last year.

Edible Garden AG Incorporated (NASDAQ:EDBL ) Q3 2023 Results Conference Call November 13, 2023 8:00 AM ET Company Participants Ted Ayvas - Investor Relations Jim Kras - Chief Executive Officer Mike James - Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Greetings, and welcome to the Edible Garden Third Quarter 2023 Business Update Conference Call. [Operator Instructions] Please note, this conference is being recorded.