In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on Edible Garden AG , Inc. (EDBL – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $1.64.
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Edible Garden AG , Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.
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Based on Edible Garden AG , Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.46 million and a GAAP net loss of $2.88 million. In comparison, last year the company earned a revenue of $2.74 million and had a GAAP net loss of $3.11 million
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Edible Garden AG is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
Read More on EDBL:
- Edible Garden Reports Financial Results and Provides Business Update for the First Quarter of 2023
- Edible Garden Schedules First Quarter 2023 Financial Results and Business Update Conference Call
- Edible Garden Begins Shipping Spring Ornamentals Grown in the New Edible Garden Heartland Facility in Grand Rapids, Michigan
- Edible Garden ships spring ornamentals grown in Heartland facility
- Edible Garden provides update on ongoing initiatives
