Business
Edible Garden Completes Phase One Buildout of Edible Garden Heartland Ahead of Schedule
Commences Growing and Expects FDA Food Safety and USDA Organic Certifications in January 2023 Legacy Floral Business Providing Edible Garden a New Revenue
About this update from Edible Garden Ag Incorporated
[{"type":"text","content":"Commences Growing and Expects FDA Food Safety and USDA Organic Certifications in January 2023 Legacy Floral Business Providing Edible Garden a New Revenue Stream BELVIDERE, NJ, Dec. 15, 2022 (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 provided an update on the buildout of its Edible Garden Heartland greenhouse facility in Grand Rapids, Michigan. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “I am happy to report that first phase of our buildout of the Edible Garden Heartland greenhouse in Grand Rapids, Michigan has been completed ahead of schedule. This initial phase included installation of our proprietary grow system, and we have already commenced initial production. We have also begun the FDA food safety and USDA Organic certification processes, and we expect to receive those certifications in January 2023. In addition, we are completing the installation of our cooling and cold storage systems in the facility, as we prepare to ramp up our production in the coming months. In phase two of the buildout, which is expected to commence in January 2023, the Company will be installing a state-of-the-art seeding machine and deploying our hybrid vertical grow system within the facility. These additions are designed to increase the facility’s production capabilities, as well as expand Edible Garden’s gross profit margins. In addition, we will continue to work with our contract growers in the Midwest to support demand in excess of our production capabilities.” “When we purchased the facility, there was an existing, legacy floral business that came with it. We recently commenced shipping the poinsettias grown at Edible Garden Heartland in time for the holiday season, providing the Company with a new, additional revenue stream. Edible Garden is not just another CEA company--we are a Company steeped in horticultural tradition, while at the forefront of technology and innovation, evidenced by our patented, advanced technologies and processes. Most of all, this facility supports our mission of providing Zero-Waste Inspired®, Simply Local, Simply Fresh® produce and products to our Midwest distribution partners and beyond.” ABOUT EDIBLE GARDEN® ...