Edible Garden reports preliminary Q1 y/y increase in produce revenues of 40%

Edible Garden AG announced a preliminary first-quarter year-over-year increase in produce revenues of 40% and an increase in cut herb revenue of more than 200% compared to the same period last year. Jim Kras, Chief Executive Officer of Edible Garden, commented, “Following a strong year for cut herb sales in 2023, the Company is experiencing sustained strong demand for cut herbs in 2024 and our distribution network now includes many of the foremost retailers in the nation. These retailers rely on us for our high-quality, locally sourced, organic, and sustainably produced products. To support our growth, in 2023, we placed a major emphasis on becoming a vertically integrated herb supplier, which included investments in equipment such as coolers to support increased production in both our Belvidere, New Jersey and Grand Rapids, Michigan facilities. As we increase our production volume and leverage our fixed costs, we expect to benefit from improved margins and economies of scale.”