Business
Edible Garden Expands Production Capacity with Completion of Additional Production Line at Edible Garden Heartland Facility in Grand Rapids, Michigan
New production line increases capacity to capitalize on Holiday demand and supports future growth BELVIDERE, NJ, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Edible
About this update from Edible Garden Ag Incorporated
[{"type":"text","content":"New production line increases capacity to capitalize on Holiday demand and supports future growth\nBELVIDERE, NJ, Oct. 30, 2024 (GLOBE NEWSWIRE) -- 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 the successful completion of an additional production line at its Edible Garden Heartland facility in Grand Rapids, Michigan. This significantly boosts the facility’s capacity, adding advanced processing capabilities to support the Company’s produce and product lines. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “The additional production line marks a significant expansion of our Midwest production capabilities and is expected to further enhance the Company’s margins. The new production line is an important piece of Edible Garden’s ongoing strategy to transition its offerings toward higher-margin fresh produce as evidenced by the Company’s phasing out of legacy floral operations that it acquired along with the Edible Garden Heartland facility.” “Since acquiring the facility, we have integrated cutting-edge technologies, including our unique, patented GreenThumb greenhouse management system, which has improved the traceability of our products while also streamlining our supply chain’s efficiency. Additionally, we have installed several high-speed packing lines, enabling Edible Garden Heartland to operate at a higher capacity. The expanded capacity will enable Edible Garden to meet the rising demand for fresh, sustainably produced food during the holiday season, support future growth, and reduce our reliance on third-party suppliers. The Company continues to focus on scaling its innovative and sustainable growing practices to supply fresh produce to communities across the Midwest and beyond and believes this vertical integration is consistent with our ongoing commitment to maximizing the operating efficiency of our facilities as we forge ahead toward our goal of profitability.” 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 disr...