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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.
新澤西州貝爾維迪爾,2023 年 1 月 12 日(環球美通社)-- 食用花園股份有限公司(「食用花園」或「公司」) (納斯達克股票代碼:EDBL,EDBLW), 受控環境農業(CEA)領域的領導者,當地種植,有機,可持續農產品和產品,今天宣布,它已經達到了高於行業的訂單履行率,這部分導致了 2022 年假期的成功。
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."
食用花園行政總裁 Jim Kras 先生表示:「我們很自豪地報告說,在最近的 2022 年假期期間,公司所有零售商和分銷合作夥伴的訂單履行率(「填滿率」)為節日季節帶來了成功的貢獻。我們的整體填充率超出了行業平均水平,尤其是在美國最大的超級中心運營商之一,我們實現了超過 100% 的填充率,進一步加強了我們與該零售商的現有關係。儘管業界面臨前所未有的供應鏈挑戰,但實現了這一水平的績效,但展示了食用花園能夠為客戶提供的高水平服務和執行力。通過繼續超越合作夥伴的期望,不僅在假期期間,而且在整個一年中,我們相信我們的合作夥伴已經對食用花園作為可持續種植農產品的值得信賴,可靠的供應商充滿信心。」
ABOUT EDIBLE GARDEN®
關於食用花園®
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.
食用花園公司股份有限公司是當地種植的有機綠葉蔬菜和草藥的領導者,由零廢物啟發® 下一代農業支持。食用花園在美國 4,000 多家商店提供,其農業安全協議,使用可持續包裝,獲得專利的 GreenThumb 軟件和自動澆水店內顯示器,正在破壞 CEA 和可持續發展技術運動。該公司目前在新澤西州的 Belvidere 和密歇根州大急流城經營自己的最先進的溫室和加工設施,並擁有合同種植者網絡,所有策略性地位於美國主要市場附近,其專有的 GreenThumb 軟件優化了垂直和傳統溫室的增長,同時尋求減少產生污染的食物英里。食用花園還是成分和蛋白質的開發商,根據維生素 Way® 和維生素乳清® 品牌提供了一系列可訪問的植物和乳清蛋白粉。此外,公司計劃提供一系列可持續的食品調味產品,例如果肉美味醬和辣椒產品。
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.
前瞻性陳述
本新聞稿包含前瞻性聲明,包括有關公司的成長策略、維持和擴展其分銷網絡和分銷關係的能力,以及作為上市公司的表現。「相信」,「意圖」,「計劃」,「尋求」,「策略」和類似的表達方式旨在識別前瞻性陳述。這些前瞻性陳述受到許多風險、不確定性和假設的影響,包括市場和其他條件,以及公司實現其增長目標的能力。除法律要求外,本公司不承擔任何義務在此日期之後更新任何此類前瞻性聲明,以符合實際結果或預期的變化。
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
投資者聯絡人:
漸強通訊有限責任公司
212-671-1020
EDBL@crescendo-ir.com
EDBL@crescendo-ir.com
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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