EDBL | Market Cap: $23.0M (07/13/26)
Industry:
Consumer Staples Producers

DESCRIPTION

Edible Garden is a small controlled environment agriculture (CEA) company that grows and sells fresh, organic herbs to major grocery retailers. The company operates two owned greenhouse facilities in Belvidere, New Jersey and Grand Rapids, Michigan, supplemented by third-party contract growers. Products — including cut herbs, potted herbs, hydroponic basil, and wheatgrass — are grown hydroponically and sold to retailers like Walmart, Kroger, Meijer, and others across roughly 5,000 locations in the U.S., Caribbean, and South America. Edible Garden's model centers on siting grow facilities near retailers, enabling delivery to distribution centers within 24 hours of harvest. Customer concentration is significant: the top four customers account for roughly 88% of revenue, with the largest representing about 43%. Beyond fresh produce, Edible Garden sells shelf-stable CPG products under several owned brands, including sports nutrition (Kick.), fermented hot sauces (Pulp), pickles (Pickle Party), and herb paste (Squeezables). These products are co-manufactured to Edible Garden's specifications and sold through existing retail relationships and e-commerce. The company exited lower-margin lettuce and floral product lines in 2024 to focus on herbs and CPG. Looking ahead, Edible Garden is pursuing an ambitious expansion into ready-to-drink aseptic beverages through a large facility in Webster City, Iowa, with Phase 1 production targeted for 2027, though the initiative remains at an early stage and carries material execution risk.

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