Edible Garden Receives USDA Grants to Support Organic Certification Research & Development at Belvidere, New Jersey, and Grand Rapids Michigan Facilities
25 Octubre 2024 - 6:00AM
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 that the Company has received grants
from the United States Department of Agriculture Organic
Certification Program administered by the Farm Service Agency.
These funds are designated to reimburse organic producers and
handlers with financial assistance to reduce the costs associated
with organic certification, as well as processing/handling
certifications.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, "We are pleased to have been awarded these
grants from the USDA's Organic Certification Program, administered
by the Farm Service Agency. These funds will not only help offset
some of the expenses tied to achieving and maintaining our organic
certification, at our facilities in Belvidere, New Jersey, and
Grand Rapids, Michigan but also support our research and
development efforts for new product innovation. As leaders in
controlled environment agriculture, our commitment to producing
local, organic, and sustainable products makes organic
certification a critical asset for our business.”
“These grants further strengthen our partnership
with the USDA and align seamlessly with the Company’s Zero-Waste
Inspired® mission. By utilizing this funding to drive R&D for
new organic offerings, we look forward to exploring new
opportunities to work together, and continue to lead the way in
sustainable agriculture, ensuring we make a lasting, positive
contribution to the industry and the communities we serve.”
ABOUT EDIBLE
GARDEN®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’s Kick Sports Nutrition line
features premium performance products that cater to today’s
health-conscious athletes. Furthermore, Edible Garden offers a line
of sustainable food flavoring products such as Pulp gourmet sauces
and chili-based products. For more information on Pulp products go
to https://www.pulpflavors.com/. For more information on Vitamin
Whey® products go to https://vitaminwhey.com/. For more information
on Edible Garden go to https://ediblegardenag.com/.
Forward-Looking
StatementsThis press release contains forward-looking
statements, including with respect to the Company’s growth
strategies, the Company’s ability to improve its financial results,
and performance as a public company. The words “believe,” “design,”
“expect,” “intend,” “objective,” “seek,” “strategy,” “will,” 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, the Company’s ability to achieve its growth
objectives, and other factors set forth in the Company’s filings
with the Securities and Exchange Act Commission, including the
Company’s annual report on Form 10-K for the year ended December
31, 2023 and subsequent quarterly reports. Actual results might
differ materially from those explicit or implicit in the
forward-looking statements. 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.
Investor Contacts:Crescendo Communications,
LLC212-671-1020EDBL@crescendo-ir.com
Edible Garden (NASDAQ:EDBL)
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