Edible Garden Posts Over 45% Year-Over-Year Increase in Preliminary Sales Results During Key Thanksgiving Time Period

About this update from Edible Garden Ag Incorporated

[{"type":"text","content":" Record Sales Driven by High Fulfillment Rate; Reflects Company’s Unwavering Commitment to Reliability and Efficiency BELVIDERE, NJ, Nov. 28, 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, and sustainable produce and products, today announced that the Company experienced an over 45% year-over-year increase in preliminary sales results for the Thanksgiving holiday.1 Mr. Jim Kras, Chief Executive Officer of Edible Garden, stated, \"We are extremely proud of the Company's performance this Thanksgiving season, as evidenced by record-setting sales. Understanding the drivers of our success is key, notably our 98.5% fulfillment rate, which ranks among the industry's best. Our fulfillment rate is more than just a data point, we believe it is an indicator of Edible Garden's reliability and efficiency as a supplier.” “Our distribution network, which extends to over 5,000 retail locations, includes industry leaders like Meijer, Walmart, Wakefern/Shoprite, Hannaford, and H Mart. These partners have come to recognize and value Edible Garden for our high-quality, locally sourced, organic, and sustainably produced goods, all of which are integral to our Zero-Waste Inspired® mission. We believe that our reputation for dependability and quality is not only appreciated by our existing partners but also positions us attractively for future expansion of our distribution network. Our vision is to continue to build upon this momentum, ensuring that Edible Garden remains synonymous with quality, sustainability, and reliability in the years to come.” 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 strategica...

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