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
將合同種植者的生產轉移到內部；現在發貨給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.
新澤西州貝爾維迪爾，2024年4月3日（GLOBE NEWSWIRE）——受控環境農業（CEA）、本地種植的有機和可持續農產品和產品的領導者Edible Garden AG Incorporated（“EDBL” 或 “公司”）（納斯達克股票代碼：EDBL，EDBLW）今天宣佈了一項新計劃，旨在對其位於密歇根州大急流城的食用花園中心地帶設施進行縱向整合，允許該公司轉移生產其盆栽草藥從合同種植者到內部生產，預計這將提高公司的利潤率。
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首席執行官吉姆·克拉斯先生評論說：“由於我們的垂直整合計劃，我很高興地宣佈，我們現在正在向中西部的主要分銷合作伙伴運送在可食用花園中心地帶工廠生產的美國農業部有機盆栽草藥。這標誌着我們中西部生產能力的顯著擴大，預計將通過降低生產成本來提高我們的利潤率。自收購Edible Garden Heartland以來，我們已經整合了尖端技術，包括我們獨特的專利GreenThumb溫室管理系統，該系統不僅提高了產品的可追溯性，還簡化了供應鏈的效率。此外，我們最近在該工廠完成了多條高速包裝生產線的安裝，使該設施能夠以更高的產能運營。讓Edible Garden Heartland以更高的產能運營，使我們能夠從合同種植者轉向內部生產，從盆栽草藥開始。我們認爲，這種垂直整合表明了我們在朝着盈利目標前進的過程中對最大限度地提高設施運營效率的承諾。”
ABOUT EDIBLE GARDEN
關於可食用花園
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是受控環境農業（CEA）領域的領導者，該農產品和產品由零廢棄物啓發的下一代農業爲後盾，是當地種植的有機和可持續農產品和產品的領導者。Edible Garden在美國的5,000多家門店上市，憑藉其農業安全協議、可持續包裝的使用、獲得專利的GreenThumb軟件和店內自動澆水的陳列櫃，顛覆了CEA和可持續發展技術運動。該公司目前在新澤西州貝爾維迪爾和密歇根州大急流城經營自己最先進的溫室和加工設施，並擁有合同種植者網絡，均位於美國主要市場附近。其專有的GreenThumb 2.0專利（美國編號：11,158,006 B1、美國11,410,249 B2和美國11,830、088 B2）軟件優化了垂直和傳統溫室的生長，同時力求減少造成污染的食物里程。其專有專利（美國專利號D1,010,365) 自動澆水展示架旨在延長植物保質期並提供增強的店內植物陳列體驗。Edible Garden還是原料和蛋白質的開發商，以維生素之路和維生素乳清品牌提供一系列可獲得的植物和乳清蛋白粉。此外，該公司還提供一系列可持續的食品調味產品，例如紙漿美食醬和辣椒類產品。有關可食用花園的更多信息，請訪問
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿包含前瞻性陳述，包括有關公司改善財務業績的能力、公司的增長戰略、公司擴展到新產品線的能力以及其作爲上市公司的業績。“相信”、“設計”、“期望”、“目標”、“目標”、“尋求” 等詞語以及類似的表述旨在識別前瞻性陳述。這些前瞻性陳述受許多風險、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增長目標的能力。除非法律要求，否則公司沒有義務在本文發佈之日之後更新任何此類前瞻性陳述以符合實際業績或預期變化。
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
投資者聯繫人：
克雷森多通訊有限責任公司
212-671-1020
EDBL@crescendo-ir.com