AgTech Controlled Environment Agriculture Corporate Financial Results Stock Market

Edible Garden Reports Revenue Growth But Miss On EPS

Edible Garden Ag Quarter Results

Edible Garden AG Incorporated, a company specializing in controlled environment agriculture, has reported its financial results for the year and three months ending December 31, 2022. According to Jim Kras, the company’s CEO, Edible Garden has achieved year-over-year growth in top-line revenue for the third consecutive quarter, with the expectation of seeing an increase in margins once their Heartland Midwest facility is fully operational. The company’s Zero-Waste Inspired® mission has also resulted in a growing demand for its products from environmentally conscious consumers and retail distribution partners. Edible Garden’s acquisition of the Pulp® line of sustainable gourmet sauces and chili-based products will also be available at Whole Foods Market’s Mid-Atlantic and Southeastern retail locations in the summer of 2023.

Edible Garden AG Incorporated’s research partnership with the New Jersey Institute of Technology, the USDA, and the EPA is studying the impacts of nanobubble technology in a controlled environment agriculture environment. This partnership can potentially revolutionize the industry by providing more nutritious plants with longer shelf life, which could benefit the company’s entire product line. In addition, the EPA-funded project could also help Edible Garden provide more environmentally sustainable product solutions.

%d bloggers like this: