EDBL News & Events

Edible Garden announced that it has entered into a non-binding letter of intent, or LOI, with an established strategic partner operating in the sustainable food and agriculture sector to establish a long-term strategic commercialization alliance. Under the proposed alliance, the partner would leverage Edible Garden's proprietary technologies, commercialization expertise and established national retail distribution network to accelerate commercialization and expand sales of its products. The proposed alliance represents a significant step in Edible Garden's strategy to expand its commercialization platform through strategic partnerships. The alliance is expected to increase utilization of the company's existing technology, infrastructure and commercialization platform. The letter of intent is non-binding and contemplates the negotiation and execution of definitive agreements.

Edible Garden announced the successful completion of a logistics transformation across the Metro New York market, transitioning from a traditional direct store delivery network to a more efficient direct-to-distribution-center and regional distribution model. The strategic initiative is expected to reduce operating expenses while supporting the ongoing sustainability objectives. Edible Garden anticipates substantial reductions in transportation-related costs, including fuel, labor, vehicle maintenance, insurance, and fleet expenses, while lowering transportation-related carbon emissions. The initiative is expected to reduce transportation-related emissions while improving routing efficiency, delivery density, and overall supply chain performance.

Edible Garden (EDBL) announced that shipments have begun under its new fresh-cut herb distribution program with Target (TGT). The commencement of shipments follows the company's recently announced award with the national retailer and represents an increase in Edible Garden's fresh-cut herb distribution footprint.