Edible Garden is a controlled environment agriculture (“CEA”) farming company. We use traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. We use 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 our hydroponic greenhouse, we grow plants without soil. Instead of planting one row of lettuce in the ground, by using a vertical greenhouse, we can grow many towers of lettuce in the same area by planting up instead of planting across. Growing these products sustainably means that we avoid depleting natural resources in order to maintain an ecological balance, such as by renewing, reusing and recycling materials in order to lower the overall one-time use of materials.
Company profile
Ticker
EDBL
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Edible Garden Inc
SEC CIK
Corporate docs
IRS number
850558704
EDBL stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
20 Mar 24
8-K
Entry into a Material Definitive Agreement
12 Feb 24
424B5
Prospectus supplement for primary offering
9 Feb 24
424B5
Prospectus supplement for primary offering
7 Feb 24
8-K
Entry into a Material Definitive Agreement
7 Feb 24
8-K
Entry into a Material Definitive Agreement
26 Jan 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Edible Garden Reports 19.4% Year-Over-Year Revenue Growth
13 Nov 23
8-K
Material Modifications to Rights of Security Holders
9 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
30 Oct 23
Latest ownership filings
SC 13G/A
Lind Global Fund II LP
13 Feb 24
3
Kostas Dafoulas
1 Feb 24
SC 13D/A
Zella Tribe Limited Partnership
18 Aug 23
4
Pamela DonAroma
6 Jun 23
4
James E. Kras
19 May 23
SC 13D
Zella Tribe Limited Partnership
2 May 23
3
Pamela DonAroma
13 Apr 23
4
Deborah K. Pawlowski
5 Apr 23
SC 13G
Markey John
13 Mar 23
SC 13G
Kras James E.
13 Feb 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm |
Cash burn (monthly) | (no burn) | (no burn) | 791.67 k | 828.92 k | 403.33 k | 701.92 k |
Cash used (since last report) | n/a | n/a | 4.74 mm | 4.96 mm | 2.42 mm | 4.20 mm |
Cash remaining | n/a | n/a | -2.16 mm | -2.39 mm | 162.84 k | -1.63 mm |
Runway (months of cash) | n/a | n/a | -2.7 | -2.9 | 0.4 | -2.3 |
Institutional ownership, Q2 2023
3.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 5 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 960.00 k |
Total shares | 200.00 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Lind Global Fund II | 200.00 k | $960.00 k |
Zella Tribe Limited Partnership | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Jun 23 | Pamela DonAroma | Common Stock, par value $0.0001 per share | Buy | Acquire P | No | No | 1.51 | 1,000 | 1.51 k | 1,000 |
18 May 23 | James E. Kras | Common Stock, par value $0.0001 per share | Buy | Acquire P | No | No | 1.6778 | 1,000 | 1.68 k | 47,265 |
3 Apr 23 | Deborah Pawlowski | Common Stock | Grant | Acquire A | No | No | 0 | 1,397 | 0.00 | 1,397 |
News
Edible Garden Announces New Grant Funding From Michigan Department Of Labor And Economic Opportunity
22 Feb 24
Edible Garden Receives US Patent No. D1, 010,365 S for Self-Watering In-Store Display
7 Feb 24
Edible Garden Provides Sustainability Initiatives Update Including Walmart's Project Gigaton
31 Jan 24
Edible Garden Receives U.S. Patent No. 11,830,088 B2 For GreenThumb Greenhouse Agriculture System
23 Jan 24
Edible Garden Achieves Over 50% YoY Increase In Preliminary Produce Sales Results During Key Holiday Time Period
16 Jan 24
Press releases
Edible Garden Announces Appointment of Chanida Curnutt as Senior Vice President of Business Development and Compliance
5 Mar 24
Edible Garden Signs 3-Year Expanded Distribution Agreements with Major U.S. Food Retailer; Expected to Generate $18 - $20 Million of Revenue Over the 3-Year Term
12 Feb 24
Edible Garden Provides Update on Sustainability Initiatives Including Walmart's Project Gigaton
31 Jan 24
Edible Garden Receives US Patent No. 11,830,088 B2 for GreenThumb Greenhouse Agriculture System
23 Jan 24
Edible Garden Launches PulpFlavors.com E-Commerce Site
4 Jan 24