Edible Garden AG , Inc. (EDBL) has released an update.
Edible Garden AG Incorporated has secured a deal with Meijer Distribution, Inc. to supply a variety of fresh and potted herbs, with an innovative pricing model tied to the Consumer Price Index. This partnership, in effect from January 2024 until December 2026, includes provisions for price negotiations, termination rights, and even an investment by Edible Garden in Meijer’s store fixtures, enhancing product display. The agreement, which could be extended for two more years, underscores Edible Garden’s commitment to growth and strategic market positioning within the retail sector.
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