Edible Garden Transitions Business to Edible Garden Heartland on Schedule; Increased Efficiency and Owned Facility Expected to Positively Impact Margins
Edible Garden Transitions Business to Edible Garden Heartland on Schedule; Increased Efficiency and Owned Facility Expected to Positively Impact Margins
Shifts contract-grower production in-house; now shipping to major Midwest retailers
将合同种植者的生产转移到内部；现在发货给中西部的主要零售商
BELVIDERE, NJ, April 03, 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 a new initiative aimed at vertical integration of its Edible Garden Heartland facility in Grand Rapids, Michigan, allowing the Company to shift production of its potted herbs from contract-growers to in-house production which is expected to enhance the Company's margins.
新泽西州贝尔维迪尔，2024年4月3日（GLOBE NEWSWIRE）——受控环境农业（CEA）、本地种植的有机和可持续农产品和产品的领导者Edible Garden AG Incorporated（“EDBL” 或 “公司”）（纳斯达克股票代码：EDBL，EDBLW）今天宣布了一项新计划，旨在对其位于密歇根州大急流城的食用花园中心地带设施进行纵向整合，允许该公司转移生产其盆栽草药从合同种植者到内部生产，预计这将提高公司的利润率。
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "As a result of our vertical integration initiative, I am pleased to announce we are now shipping the USDA Organic potted herbs produced at our Edible Garden Heartland facility to major distribution partners in the Midwest. This marks a significant expansion of our Midwest production capabilities and is expected to enhance our margins by reducing production costs. Since acquiring Edible Garden Heartland, we have integrated cutting-edge technologies, including our unique, patented GreenThumb greenhouse management system, which not only improves the traceability of our products but also streamlines our supply chain's efficiency. In addition, we have recently completed the installation of several high-speed packing lines at the facility, allowing the facility to operate at increased capacity. Having Edible Garden Heartland operate at a higher capacity enables us to shift from contract growers to in-house production, starting with potted herbs. We believe this vertical integration illustrates our commitment to maximizing the operating efficiency of our facilities as we forge ahead toward our goal of profitability."
Edible Garden首席执行官吉姆·克拉斯先生评论说：“由于我们的垂直整合计划，我很高兴地宣布，我们现在正在向中西部的主要分销合作伙伴运送在可食用花园中心地带工厂生产的美国农业部有机盆栽草药。这标志着我们中西部生产能力的显著扩大，预计将通过降低生产成本来提高我们的利润率。自收购Edible Garden Heartland以来，我们已经整合了尖端技术，包括我们独特的专利GreenThumb温室管理系统，该系统不仅提高了产品的可追溯性，还简化了供应链的效率。此外，我们最近在该工厂完成了多条高速包装生产线的安装，使该设施能够以更高的产能运营。让Edible Garden Heartland以更高的产能运营，使我们能够从合同种植者转向内部生产，从盆栽草药开始。我们认为，这种垂直整合表明了我们在朝着盈利目标前进的过程中对最大限度地提高设施运营效率的承诺。”
ABOUT EDIBLE GARDEN
关于可食用花园
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, 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 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. 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
Edible Garden AG Incorporated是受控环境农业（CEA）领域的领导者，该农产品和产品由零废弃物启发的下一代农业为后盾，是当地种植的有机和可持续农产品和产品的领导者。Edible Garden在美国的5,000多家门店上市，凭借其农业安全协议、可持续包装的使用、获得专利的GreenThumb软件和店内自动浇水的陈列柜，颠覆了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，均位于美国主要市场附近。其专有的GreenThumb 2.0专利（美国编号：11,158,006 B1、美国11,410,249 B2和美国11,830、088 B2）软件优化了垂直和传统温室的生长，同时力求减少造成污染的食物里程。其专有专利（美国专利号D1,010,365) 自动浇水展示架旨在延长植物保质期并提供增强的店内植物陈列体验。Edible Garden还是原料和蛋白质的开发商，以维生素之路和维生素乳清品牌提供一系列可获得的植物和乳清蛋白粉。此外，该公司还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。有关可食用花园的更多信息，请访问
Forward-Looking Statements
前瞻性陈述
This press release contains forward-looking statements, including with respect to the Company's ability to improve its financial results, the Company's growth strategies, the Company's ability to expand into new product lines, and its performance as a public company. The words "believe," "design," "expect," "goal," "objective," "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. 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.
本新闻稿包含前瞻性陈述，包括有关公司改善财务业绩的能力、公司的增长战略、公司扩展到新产品线的能力以及其作为上市公司的业绩。“相信”、“设计”、“期望”、“目标”、“目标”、“寻求” 等词语以及类似的表述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文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
EDBL@crescendo-ir.com
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