Edible Garden Completes Phase Two of Packhouse Buildout at Company’s Flagship Belvidere NJ Facility

BELVIDERE, N.J., May 24, 2024 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that the Company has completed phase 2 of the packhouse buildout at the Edible Garden greenhouse facility in Belvidere, NJ.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “I am pleased to report that Edible Garden has successfully completed the second phase of our packhouse buildout at our flagship greenhouse facility located in Belvidere, New Jersey. With the introduction of new processing and cross-docking facilities, when fully realized, we are poised to optimize our efficiency and capabilities, enabling the Company to better serve the more than 5,000 retail outlets in our extensive distribution network. The successful completion of phase 2 aligns with our Zero-Waste Inspired® mission, ensuring the efficient delivery of fresh, sustainable produce.”

“In this phase, we have made significant strides by integrating state-of-the-art technologies. Among these innovations is our patented GreenThumb system, a sophisticated cloud-based platform designed to manage greenhouse operations and streamline demand planning. This system is pivotal in enhancing our operational efficiency and is expected to substantially increase the production capabilities of the facility, and we believe, increase the Company’s gross profit margins in the future. The final phase of construction will include integrated refrigeration, warehousing and corporate offices.”

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 strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. In addition, the Company offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Edible Garden go to https://ediblegardenag.com/.