INV4
3週前
Edible Garden Reports 22.9% First Quarter 2026 Revenue Growth and Advancement of Ready-to-Drink (RTD) Nutrition Platform
May 15, 2026
Retail Expansion, Operational Execution and Higher-Margin Product Growth Support Company’s Evolution Into a Diversified Clean-Label Nutrition Platform
Company Advances Midwest RTD Infrastructure Initiative and Tetra Pak Integration to Address Growing Demand for Shelf-Stable Functional Nutrition Solutions
Conference Call to Be Held Today at 8:00 a.m. ET
BELVIDERE, N.J., May 15, 2026 (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 reported financial results for the three months ended March 31, 2026.
During the first quarter of 2026, the Company continued executing on its strategic evolution into a broader clean-label consumer packaged goods and ready-to-drink (“RTD”) nutrition platform, leveraging its controlled environment agriculture foundation, retail distribution network, and vertically integrated infrastructure to expand into higher-value and shelf-stable categories.
Financial & Operating Highlights
For the Three Months Ended March 31, 2026:
• Revenue increased approximately 22.9% to approximately $3.3 million, compared to $2.7 million for the three months ended March 31, 2025, reflecting broad-based growth across cut herbs, vitamins and supplements, and branded condiments.
• Cut Herb Sales increased approximately 46% year-over-year, driven by growth in existing accounts and new account contributions from Kroger and Weis Markets.
• Vitamin and Supplements Sales increased approximately 27% year-over-year, reflecting continued demand across the Company’s better-for-you nutrition portfolio.
• International Sales increased approximately 50% year-over-year reflecting continued expansion of the Company’s distribution footprint and growing demand across international markets.
• Condiment Sales increased approximately 51% year-over-year, reflecting continued expansion of the Company’s value-added branded product portfolio.
• Continued advancement of the Company’s Midwest RTD manufacturing platform, including progress related to the planned integration of Tetra Pak processing and packaging solutions.
“Our first quarter results reflect the continued momentum we are building across the business as the investments we made in our retail network, product portfolio, and operational infrastructure begin translating into measurable growth,” said Jim Kras, Chief Executive Officer of Edible Garden. “Revenue increased 22.9% year-over-year, supported by expansion across more than 6,000 retail locations, new and expanded relationships with major retail partners including Target and Safeway, and approximately 46% growth in cut herb sales.”
“The first quarter of 2026 represented an important step in our evolution as we continued expanding beyond our traditional greenhouse and fresh herb business into a broader clean-label nutrition and functional beverage platform. Leveraging the controlled environment agriculture foundation, operational infrastructure, vertically integrated platform, retail distribution network, and product development capabilities we have established over the past several years, we continue expanding into adjacent, expected higher-value and shelf-stable categories.
“During the quarter, we expanded our retail footprint with key partners including Target, Safeway, The Fresh Market, Hannaford, Busch’s Fresh Food Market, and Woodman’s Markets, while broadening distribution across our branded product portfolio, including Pickle Party™, Pulp®, Kick. Sports Nutrition®, Vitamin Whey®, and JEALOUSY GLP-1 support products. We believe the growing traction we are seeing across both retail distribution and branded products reflects increasing consumer and retailer demand for clean-label, wellness-focused, and functional nutrition offerings across multiple categories.”
“We believe the ready-to-drink category represents a significant long-term opportunity, with the global RTD market projected to grow from approximately $842.5 billion in 2025 to roughly $1.26 trillion by 2033. Through discussions with existing and prospective retail partners, we expect to see growing demand for scalable domestic production solutions that can deliver clean-label, shelf-stable functional nutrition products with consistency, transparency, and operational reliability, reflecting what we believe is a meaningful unmet need within the market. We believe our selection of Tetra Pak, a globally recognized leader in food processing and aseptic packaging solutions, further strengthened the foundation of our RTD platform, while our existing relationships across more than 6,000 retail locations position us to support future growth through established buyer relationships already in place.”
“Our foundation in controlled environment agriculture has allowed us to build deep expertise in traceability, sustainability, operational discipline, supply chain management, and retail execution. We believe our evolution into ready-to-drink and shelf-stable nutrition categories is a natural extension of our Farm-to-Formula® strategy and our commitment to delivering clean-label, responsibly produced products that meet evolving consumer demand. We are still in the early stages of this evolution, but we believe the foundation is in place: a growing retail network, an expanding branded product portfolio, and a path to RTD manufacturing with Tetra Pak. We remain focused on executing against these opportunities while continuing to position Edible Garden for potential improved margins, greater scalability, and long-term value creation,” concluded Kras.
Financial Overview
Financial results for the first quarter of 2026 reflect continued revenue growth and retail expansion, alongside ongoing investment in the Company's platform-driven growth initiatives.
Results for the Three Months Ended March 31, 2026
Revenue for the three months ended March 31, 2026, was approximately $3.3 million, compared to $2.7 million for the three months ended March 31, 2025, an increase of approximately $0.6 million, or 22.9%. The increase in revenue was primarily attributable to continued growth in the Company’s cut herb portfolio across its retail customer base, which increased approximately $0.6 million, or 45.9%, supported by growth in existing accounts and new account contributions from Kroger and Weis Markets. Revenue growth was broad-based, with year-over-year dollar sales increases across hydroponic basil, wheatgrass, vitamins and supplements, and condiments, reflecting the expanding reach of the Company's diversified product portfolio across its growing retail footprint.
Operating expenses were $10.0 million for the three months ended March 31, 2026, compared to $5.6 million for the three months ended March 31, 2025. The increase of $4.4 million or 77.5% was primarily due to increase in cost of goods sold and depreciation expense and amortization. Increase in cost of goods sold was primarily driven by increased sales and a portfolio shift to cut herbs, which is primarily sourced from third party growers at higher cost. Depreciation expense increase of $2.5 million was primarily due to accelerated depreciation of certain fixed assets as a result of the Company’s pivot to RTD clean nutrition manufacturing.
The Company recorded an income tax benefit of approximately $3.4 million for the three months ended March 31, 2026, primarily related to a valuation allowance release in connection with the sale of certain state tax benefits under the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program.
Net loss was $3.7 million, compared to a net loss of approximately $3.3 million for the three months ended March 31, 2025. Net loss per common share was approximately $(5.25) for the three months ended March 31, 2026, compared to approximately $(24.74) for the three months ended March 31, 2025.
Conference Call
Edible Garden will host a conference call today at 8:00 A.M. Eastern Time to discuss the Company’s financial results for the three months ended March 31, 2026, as well as the Company’s corporate progress and other developments.
The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 794078. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2914/54011 or on the investor relations section of the company’s website, https://ediblegardenag.com/presentations/.
A webcast replay will be available on the investor relations section of the Company’s website through March 31, 2027. A telephone replay will be available approximately one hour following the call, through April 14, 2026, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 53775.
ABOUT EDIBLE GARDEN ®
Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering locally grown, organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 6,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. The Company is also expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) clean nutrition manufacturing hub, supporting its Farm-to-Formula® strategy and its expansion into higher-margin, shelf-stable nutrition categories.
Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).
The Company has been recognized as a FoodTech 500 firm by Forward Fooding, is a multi-year participant in Walmart’s Project Gigaton and a Giga Guru designee and has received NRG’s Excellence in Energy Award for its commitment to measurable environmental performance and energy stewardship. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.
Learn more at https://ediblegardenag.comFor Pulp products, visit https://www.pulpflavors.com.For Vitamin Whey® products, visit https://vitaminwhey.com.For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/
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$EDBL 🗞️
iHub News
3月前
Edible Garden partners with Tetra Pak for Midwest ready-to-drink production hubMarch 4, 2026 10:57 AM
IH Market News
Edible Garden AG Incorporated (NASDAQ:EDBL) announced plans to expand its operations into ready-to-drink (RTD) beverages through a new manufacturing initiative at its Midwest facility, selecting Tetra Pak to support the project’s processing and packaging infrastructure.The company said the move is part of its broader Zero-Waste Inspired strategy and responds to growing demand from national retailers for scalable RTD production capable of delivering clean-label, shelf-stable nutrition products.Under the initiative, Edible Garden will work with Tetra Pak, a global provider of food processing and packaging systems, to plan, install and integrate proprietary processing technologies at the site. The companies plan to formalize the agreement on March 4, 2026, at 2:00 PM PT during Natural Products Expo West 2026 in Anaheim, California.
Midwest facility to anchor RTD expansion
Edible Garden’s Midwest location includes more than 200,000 square feet of food-grade manufacturing space supported by warehousing and logistics infrastructure within the U.S. agricultural corridor. The company is converting the site into a dedicated hub for ready-to-drink beverages and clean nutrition products.The facility is expected to support aseptic and ultra-filtered beverage production across several categories, including protein drinks, plant-based products, dairy beverages and functional nutrition formulas. The platform will serve as a cornerstone of Edible Garden’s Farm-to-Formula® strategy, which integrates controlled-environment agriculture with research, formulation and large-scale beverage manufacturing.Advanced aseptic processing and carton packaging systems supplied by Tetra Pak are designed to help maintain product quality while extending shelf life without refrigeration or preservatives. The technology will allow ambient distribution while maintaining clean-label standards.Initial production under Phase 1 of the project is expected to begin in the first quarter of 2027. Once completed, the facility is intended to serve as a scalable innovation platform that enables the company to expand beyond fresh produce into higher-margin, shelf-stable beverage categories.
Entering a rapidly growing RTD market
The company noted that the global ready-to-drink market was valued at roughly $766 billion in 2024 and is projected to reach about $1.3 trillion by 2030. Edible Garden believes the new facility positions it to capture opportunities within this expanding segment while maintaining its sustainability-focused operating model.“Major retailers are facing growing, and in many cases unmet, demand for reliable, clean-label RTD capacity, and our facility is being developed to deliver the scale and precision required to meet that need,” said Jim Kras, Chief Executive Officer of Edible Garden. “This initiative represents a significant milestone in our strategic evolution and disciplined expansion into higher-margin, shelf-stable categories. The facility will integrate advanced processing and aseptic packaging solutions from Tetra Pak, including the Tetra Prisma® Aseptic 330 Edge package and the Tetra Pak® A3/Speed filling platform, a globally recognized food technology system designed for efficiency and performance.”Kras added that the company selected Tetra Pak because its technology supports Edible Garden’s sustainability objectives.“We selected Tetra Pak because their solutions align directly with our Zero-Waste Inspired mission. The Tetra Prisma® Aseptic 330 Edge package is made primarily from renewable, plant-based materials and is recyclable. When paired with the high-speed Tetra Pak® A3/Speed filling system, the platform is expected to extend shelf life without preservatives or refrigeration prior to opening, while supporting a smaller manufacturing footprint, faster throughput, greater pallet and shelf density, and lower overall supply chain costs — helping reduce food waste and energy consumption across the value chain.”Edible Garden stock price
Original: Edible Garden partners with Tetra Pak for Midwest ready-to-drink production hub