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Edible Garden Order Fulfillment Rate Exceeds Industry Average, Contributing to Successful Holiday Season
Edible Garden Order Fulfillment Rate Exceeds Industry Average, Contributing to Successful Holiday Season
BELVIDERE, NJ, Jan. 12, 2023 (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 it has achieved above-industry order fulfillment rates, which led in part to a successful 2022 holiday season.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are proud to report that during the recent 2022 holiday season, the Company's order fulfillment rate ("fill rate") across all of our retailers and distribution partners contributed to a successful holiday season. Our overall fill rate exceeded industry averages, and in particular, we achieved a fill rate in excess of 100% at one of the nation's largest operators of supercenters, further strengthening our existing relationship with this retailer. Achieving this level of performance, despite the unprecedented supply chain challenges facing the industry, demonstrates the high levels of service and execution that Edible Garden is able to provide to its customers. By continuing to exceed our partners' expectations, not only during the holiday season, but throughout the entire year, we believe that our partners have gained confidence in Edible Garden as a trusted, dependable supplier for sustainably grown produce."
ABOUT EDIBLE GARDEN®
Edible Garden AG Incorporated, is a leader in locally grown organic leafy greens and herbs 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 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 plans to offer a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, including with respect to the Company's growth strategies, ability to maintain and expand its distribution network and distribution relationships, and performance as a public company. The words "believe," "intend," "plan," "seek," "strategy," 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. 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, LLC
212-671-1020
EDBL@crescendo-ir.com
BELVIDERE, NJ, Jan. 12, 2023 (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 it has achieved above-industry order fulfillment rates, which led in part to a successful 2022 holiday season.
新泽西州贝尔维迪尔,2023 年 1 月 12 日(GLOBE NEWSWIRE)— Edible Garden AG Inporated(“Edible Garden” (纳斯达克:EDBL、EDBLW), 受控环境农业(CEA)、本地种植的有机、可持续农产品和产品的领导者今天宣布,其订单履行率高于行业水平,这在一定程度上促成了2022年假日季的成功。
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are proud to report that during the recent 2022 holiday season, the Company's order fulfillment rate ("fill rate") across all of our retailers and distribution partners contributed to a successful holiday season. Our overall fill rate exceeded industry averages, and in particular, we achieved a fill rate in excess of 100% at one of the nation's largest operators of supercenters, further strengthening our existing relationship with this retailer. Achieving this level of performance, despite the unprecedented supply chain challenges facing the industry, demonstrates the high levels of service and execution that Edible Garden is able to provide to its customers. By continuing to exceed our partners' expectations, not only during the holiday season, but throughout the entire year, we believe that our partners have gained confidence in Edible Garden as a trusted, dependable supplier for sustainably grown produce."
Edible Garden首席执行官吉姆·克拉斯先生评论说:“我们很自豪地向大家报告,在最近的2022年假日季中,公司所有零售商和分销合作伙伴的订单完成率(“填充率”)为假日季的成功做出了贡献。我们的总体填充率超过了行业平均水平,特别是,我们在美国最大的超级中心运营商之一实现了超过100%的填充率,进一步加强了我们与这家零售商的现有关系。尽管行业面临前所未有的供应链挑战,但仍能达到这一绩效水平,这表明Edible Garden能够为其客户提供高水平的服务和执行力。通过持续超越合作伙伴的预期,不仅在假日季期间,而且在全年中,我们相信我们的合作伙伴对Edible Garden充满信心,认为它是可持续种植农产品值得信赖、可靠的供应商。”
ABOUT EDIBLE GARDEN®
关于可食用花园®
Edible Garden AG Incorporated, is a leader in locally grown organic leafy greens and herbs 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 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 plans to offer a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.
Edible Garden AG Incorporated 是当地种植的有机绿叶蔬菜和草药的领导者,由零废物Inspired® 下一代农业提供支持。Edible Garden在美国的4,000多家门店推出,其农业安全协议、可持续包装的使用、获得专利的GreenThumb软件和店内自动浇水展示正在颠覆CEA和可持续发展技术运动。该公司目前在新泽西州贝尔维迪尔和密歇根州大急流城经营自己最先进的温室和加工设施,并拥有合同种植者网络,所有这些种植者都战略性地位于美国主要市场附近。其专有的GreenThumb软件优化了垂直和传统温室的种植,同时力求减少产生污染的食物里程。Edible Garden还是原料和蛋白质的开发商,以Vitamin Way® 和Vitamin Way® 品牌提供可获得的植物和乳清蛋白粉系列。此外,该公司计划提供一系列可持续的食品调味产品,例如纸浆美食酱和辣椒类产品。
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, including with respect to the Company's growth strategies, ability to maintain and expand its distribution network and distribution relationships, and performance as a public company. The words "believe," "intend," "plan," "seek," "strategy," 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. 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.
前瞻性陈述
本新闻稿包含前瞻性陈述,包括有关公司增长战略、维持和扩大分销网络和分销关系的能力以及作为上市公司的业绩。“相信”、“打算”、“计划”、“寻求”、“战略” 等词语和类似表达方式旨在识别前瞻性陈述。这些前瞻性陈述受许多风险、不确定性和假设的影响,包括市场和其他条件以及公司实现增长目标的能力。除非法律要求,否则公司没有义务在本声明发布之日之后更新任何此类前瞻性陈述以符合实际业绩或预期变化。
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
投资者联系人:
克雷森多通讯有限责任公司
212-671-1020
EDBL@crescendo-ir.com
EDBL@crescendo-ir.com
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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