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Edible Garden AG Inc

ediblegardenag.com

What Do They Do?

Grows and sells fresh herbs and produce to grocery retailers and food distributors, and sells packaged nutrition and specialty foods through retail and online channels.

How Do They Make Money?

Retailers, distributors and other customers pay for herbs, produce, vitamins and supplements upon delivery or shortly afterward; outside the Meijer agreements, sales are generally made through purchase orders.

revenue
SegmentShareRevenue
Herbs, Produce & Floral
Sold outright

89%
Vitamins and Supplements
Sold outright

11%
FY2022: 12%

Who Are Their Customers?

Supermarket chains and regional grocers buy products for their stores; food distributors reach smaller local and regional supermarkets and food-service businesses. Some packaged goods are sold directly to consumers online.

Customers above 10% of revenue, FY2025
of revenue from two customers (88%, 43%)
FY2024: 126% from two customers

Do Revenues Turn Into Profits?

No. It lost $17.3M in FY2025.

Operating income, FY2025
−123% of revenue
▲ +70% (Loss) vs FY2024 (−$9.3M, −67%)
Net income, FY2025
−135% of revenue
▲ +57% (Loss) vs FY2024 (−$11.1M, −80%)
Free cash flow, FY2025
−97% of revenue
▲ +41% (Loss) vs FY2024 (−$8.8M, −64%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +13%
vs $3.1M in Q2 FY2025
Net income
▼ −19% (Loss)
vs −$4M in Q2 FY2025
Herbs, Produce & Floral share of revenue vs 91.7% in Q2 FY2025
  • Sep 2, 2026 Regained Nasdaq minimum bid-price compliance Nasdaq will monitor compliance through August 31, 2027.
  • Aug 24, 2026 Entered a nonbinding MOU to co-develop functional ready-to-drink beverages The proposed work covers crop selection, formulation and commercial manufacturing at Edible Garden’s facility.
  • Aug 17, 2026 Replaced its interim CFO with a new CFO Kostas Dafoulas resigned effective August 14, and Jonathan Gutoski became CFO effective August 17.
  • Aug 3, 2026 Expanded its private-label herb agreement with Meijer The agreement begins in 2027 and runs through 2028, covering buyer-branded hydroponic, potted and fresh-cut herbs.

Growing. Revenue grew 22% in 4 years, from $10.5M in FY2021 to $12.8M in FY2025, about 5% a year.

Beyond fresh produce The earlier business description centers on fresh herbs and lettuces; the current one also covers shelf-stable nutrition and specialty foods and plans a ready-to-drink nutrition platform.

Revenue over time
Herbs, Produce & Floral Vitamins and Supplements Herbs & Produce
$20M$10M$0

Who Do They Compete With?

Competes with Gotham Greens, Bright Farms, 80 Acres Farms, Gehl Food & Beverage, Niagara Bottling, and Post Consumer Brands

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