Business
Edible Garden and Walmart Strengthen Sustainability Efforts with Expanded Distribution
Adding New SKUs to Walmart’s Northeast Locations; Extending Distribution Footprint in East South Central Region of U.S. Solid Order Fill Rates and Commitment
About this update from Edible Garden Ag Incorporated
[{"type":"text","content":"Adding New SKUs to Walmart’s Northeast Locations; Extending Distribution Footprint in East South Central Region of U.S. Solid Order Fill Rates and Commitment to Sustainability Driving Expanded Relationship BELVIDERE, NJ, July 20, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced an expansion of the Company’s distribution alliance with Walmart. The initiative includes providing additional SKUs in Walmart locations across the Northeast and broadening Edible Garden’s reach to retail locations in the East South Central region of the United States. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, \"We are pleased to announce the expansion of our relationship with Walmart to provide a wider variety of Edible Garden's sustainably grown produce in their Northeast locations, as well as initiating distribution in their East South Central US retail stores. Walmart, the world's largest fresh produce retailer, has long been one of our most significant customers, and our association with them goes beyond just supplying produce. Edible Garden actively participates in Walmart's Project Gigaton, a 2017 initiative aimed at engaging suppliers, NGOs, and other stakeholders in reducing or avoiding one billion metric tons of greenhouse gases in the global value chain by 2030. Moreover, the Company has previously been recognized as a Project Gigaton 'Giga Guru' due to a steadfast commitment to our Zero-Waste Inspired® mission and our leadership in the CEA sector.\" “Edible Garden has consistently achieved order fulfillment rates (“fill rate”) across all of our retailers and distribution partners that exceed industry averages, and in particular, we believe that achieving a fill rate in excess of 100% during the 2022 holiday season further strengthened our existing relationship with Walmart. We believe achieving this level of performance, despite the unprecedented supply chain challenges facing the industry, demonstrates the high levels of service and execution that Edible Garden is able to provide to its customers. By continuing to exceed our partners’ expectations, we believe retailers such as Walmart have gained confidence in Edible Garden as a ...