Edible Garden Receives USDA Grant for Organic Certification Costs
15 Agosto 2023 - 3:15PM
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
has received a grant from the United States Department of
Agriculture Organic Certification Program administered by the Farm
Service Agency. These funds are designated to reimburse
organic producers and handlers with financial assistance to reduce
the cost of organic certification.
Mr. Jim Kras, Chief Executive Officer of Edible
Garden, commented, "We are pleased to have been awarded this grant
from the USDA’s Organic Certification Program administered by the
Farm Service Agency. This grant will reimburse some of the cost of
the organic processing/handling certification for the Edible Garden
Heartland facility in Grand Rapids, Michigan. As a leader in
controlled environment agriculture (CEA), locally grown, organic
and sustainable produce and products, our organic certification is
obviously important to the Company. Additionally, this grant
further enhances the Company’s ongoing partnership with the USDA.
Edible Garden is currently involved in a research partnership with
the New Jersey Institute of Technology, the USDA, and the EPA
studying the impact of nanobubble technology on fresh produce food
safety and processing procedures. We look forward to more
collaborations with the USDA in the future.”
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 4,000 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 No’s.: US 11,158,006 B1 and US 11,410,249 B2)
software optimizes growing in vertical and traditional greenhouses
while seeking to reduce pollution-generating food miles. 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/.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve risks, uncertainties and assumptions that are
difficult to predict including with respect to the Company’s growth
strategies, the success of implementing the GreenThumb 2.0
software, the Company’s ability to reduce its costs while meeting
the needs of its customers, and performance as a public company.
The words “believe,” “expect,” “aims,” “may,” “opportunity,”
“potential,” “seeking,” “will,” and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are subject to a number of risks,
uncertainties, and assumptions, including market and other
conditions, the Company’s ability to achieve its growth objectives,
and other factors set forth in the Company’s filings with the
Securities and Exchange Act Commission, including the Company’s
annual report on Form 10-K for the year ended December 31, 2022.
Actual results might differ materially from those explicit or
implicit in the forward-looking statements. You should not rely
upon forward-looking statements as predictions of future events.
The Company undertakes no obligation to update any such
forward-looking statements after the date hereof to conform to
actual results or changes in expectations, except as required by
law.
Investor Contacts:Crescendo
Communications, LLC212-671-1020EDBL@crescendo-ir.com
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