Edible Garden AG Inc (NASDAQ: EDBL) is a controlled environment agriculture company that grows, processes, and distributes fresh organic herbs and produce to retail grocery chains across the United States. Revenue comes from transactional product sales to supermarket and big-box retail partners, priced per unit under purchase orders and, in select cases, multi-year supply agreements. The company sells through more than 50 retail partners including Walmart, Target, Meijer, Hannaford, Ahold/Delhaize, and Kroger, as of the 10-K filed March 31, 2026. Produce is grown at company-owned or controlled greenhouse facilities in Michigan and New Jersey and through contract growers at third-party locations. As of December 31, 2025, the company operated 13 delivery vehicles through its wholly-owned subsidiary EG Transportation, LLC. Net cash used in operating activities was $11.8 million for the year ended December 31, 2025, and the company has relied on debt financings, public and private securities offerings to fund operations.

Revenue model

Transactional product sales of fresh-cut herbs, hydroponic basil, and potted herbs to retail distribution centers, priced per unit under purchase orders and supply agreements. Pricing under the Meijer Supply Agreements (February 2024, running through December 2026) is set annually with Consumer Price Index-linked caps on changes.

Products and services

Fresh-cut herbs (basil, bay leaves, chives, cilantro, dill, mint, oregano, rosemary, sage, thyme), hydroponic basil, potted herbs (basil, chives, cilantro, mint, oregano, parsley, rosemary, sage, thyme, wheatgrass), and organic produce grown via controlled environment agriculture. The company also uses proprietary GreenThumb software for demand forecasting and production planning.

Customers and end markets

National big-box retailers and regional grocery chains including Walmart, Target, Meijer, Hannaford, Ahold/Delhaize, and Kroger, as well as distributors, restaurants, and local purveyors. More than 50 retail partners in total as of the 10-K filed March 31, 2026. End market is fresh organic herbs and produce at retail.

Geographic exposure

Growing facilities in Grand Rapids, Michigan (five-acre greenhouse, Edible Garden Heartland, operating at 60% capacity in 2025) and New Jersey, plus contract growers at third-party locations. Distribution to retail partners across the United States. A planned production facility in Webster City, Iowa, with Phase 1 production anticipated in 2027, subject to capital availability and regulatory approvals.

Competitors

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

Source: SEC 10-K, filed 2026-03-31

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