Edible Garden AG IncNASDAQ EDBL Stock Report

Edible Garden AG, Inc. is a controlled environment agriculture (CEA) farming company, which engages in the usage of traditional agricultural growing techniques together with technology to grow organic food. The company is headquartered in Belvidere, New Jersey and currently employs 44 full-time employees. The company went IPO on 2022-05-05. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces. In its hydroponic greenhouse, it grows plants without soil. In addition to using hydroponic and vertical greenhouse systems, it uses a closed loop system in its greenhouses. In its closed loop system, it also cycles water back into the system that has been collected through reverse osmosis. The company has also developed patented software called GreenThumb that assists in tracking plants through its supply chain. Its products include 10 types of individually potted, live herbs; 10 types of cut single-herb clamshells; two specialty herb items; six different types of lettuce; two garden salad kits; hydro basil; bulk basil, and vegan protein powder. Its products are sold at approximately 4,500 supermarkets.