CEA

Edible Garden Begins Shipping Spring Ornamentals and Florals For Sale at Major Big Box Retailers

Retrieved on: 
Tuesday, April 9, 2024
Edible, CEA

BELVIDERE, NJ, April 09, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that it has begun shipping spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.

Key Points: 
  • BELVIDERE, NJ, April 09, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, sustainable produce and products, today announced that it has begun shipping spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan.
  • The lineup of spring ornamentals includes hanging baskets and accent greens.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are delighted to have begun shipping spring ornamentals from our Edible Garden Heartland facility to major big box retailers as we lead up to Mother’s Day, one of the biggest days of the year in the floral industry.
  • We expect that the expansion of this segment of our business will have a positive impact on the Company’s overall margins as ornamentals and florals are typically higher-margin products than some of the other products we produce.”

The Eclipse Foundation to Highlight Open Innovation at embedded world 2024

Retrieved on: 
Thursday, April 4, 2024
Eclipse, Microsoft, Eclipse Foundation, Conference, Growth, ThreadX, Internet of things, MIT, Software, SDV, Insurance, GitHub, Booth, NCC, CEA

BRUSSELS, Belgium, April 04, 2024 (GLOBE NEWSWIRE) -- The Eclipse Foundation, one of the world’s largest open source foundations, is set to unveil its latest open source innovations at this year’s embedded world Exhibition & Conference, taking place in Nuremberg from 9-11 April 2024.

Key Points: 
  • BRUSSELS, Belgium, April 04, 2024 (GLOBE NEWSWIRE) -- The Eclipse Foundation, one of the world’s largest open source foundations, is set to unveil its latest open source innovations at this year’s embedded world Exhibition & Conference, taking place in Nuremberg from 9-11 April 2024.
  • “Embedded computing, the bedrock of today’s digital economy, thrives on open source technologies,” said Mike Milinkovich, executive director of the Eclipse Foundation.
  • “The Eclipse Foundation is experiencing remarkable growth across various aspects of embedded innovation, spanning IoT, edge computing, and our Software Defined Vehicle initiatives.
  • embedded world 2024 serves as the launchpad for the debut release of ThreadX under the stewardship of the Eclipse Foundation.

Edible Garden Transitions Business to Edible Garden Heartland on Schedule; Increased Efficiency and Owned Facility Expected to Positively Impact Margins

Retrieved on: 
Wednesday, April 3, 2024
National Organic Program, Edible, CEA

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “As a result of our vertical integration initiative, I am pleased to announce we are now shipping the USDA Organic potted herbs produced at our Edible Garden Heartland facility to major distribution partners in the Midwest.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “As a result of our vertical integration initiative, I am pleased to announce we are now shipping the USDA Organic potted herbs produced at our Edible Garden Heartland facility to major distribution partners in the Midwest.
  • This marks a significant expansion of our Midwest production capabilities and is expected to enhance our margins by reducing production costs.
  • In addition, we have recently completed the installation of several high-speed packing lines at the facility, allowing the facility to operate at increased capacity.
  • Having Edible Garden Heartland operate at a higher capacity enables us to shift from contract growers to in-house production, starting with potted herbs.

Edible Garden Announces Reverse Stock Split of the Company’s Common Stock

Retrieved on: 
Tuesday, April 2, 2024
Edible, CUSIP, CEA, Security (finance)

Following the reverse stock split, the new CUSIP number of the common stock will be 28059P303, with the par value per share of common stock remaining at $0.0001.

Key Points: 
  • Following the reverse stock split, the new CUSIP number of the common stock will be 28059P303, with the par value per share of common stock remaining at $0.0001.
  • We also believe that the increased market price of the common stock that is expected as a result of implementing the reverse stock split could improve the marketability of the Company’s shares.”
    When the reverse stock split becomes effective, every 20 shares of the Company’s issued and outstanding common stock will be combined into one share of common stock.
  • Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock.
  • The reverse stock split will not reduce the number of authorized shares of common stock.

Edible Garden Reports 21.6% Year-over-Year Revenue Growth for 2023

Retrieved on: 
Monday, April 1, 2024
Research, Display, Conference, Target, Vitamin, Growth, Dierbergs Markets, Condiment, Lettuce, Partnership, Telephone, IPO, Tops Friendly Markets, Security (finance), Whole Foods Market, Pulp, Expected, Patent, Market, CEA, Garden, Airline

BELVIDERE, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today provided a business update and reported financial results for the three month and full year periods ended December 31, 2023.

Key Points: 
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are extremely pleased to report a 21.6% increase in our annual revenue for 2023, as well as a notable 32.8% increase year-over-year for the fourth quarter of 2023.
  • We believe this significant growth reflects the strength of our relationships with major retailers and the trust our customers place in our quality products.
  • Furthermore, we have also added Uncle Giuseppe's Marketplace, part of RBest Produce, which is now offering Edible Garden herbs in their 12 locations throughout New York and New Jersey.
  • The increase was primarily driven by $868 thousand of additional costs incurred to operate the Edible Garden Heartland facility.

Government of Canada announces support for innovative solutions to address labour challenges in the agriculture and agri-food sector

Retrieved on: 
Friday, April 5, 2024
Automation, ICS, Parliament, Addiction, Mental health, Farmer, Growth, Learning, Social change, Food safety, The Honourable, Controlled-environment agriculture, Human, Plant, Robotics, ISC, Invention, Safety, Food, CEA, SME, Government, Movement

These companies have developed ideas to address challenges such as work productivity, labour shortages, and operational efficiency.

Key Points: 
  • These companies have developed ideas to address challenges such as work productivity, labour shortages, and operational efficiency.
  • -       The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food
    "Through the Innovative Solutions Canada program, our government empowers SMEs to drive innovation and solve challenges.
  • Our government supports these efforts through Innovative Solutions Canada, assisting small and medium-sized Canadian businesses in developing new inventions that are crucial for the sector.
  • We are grateful to the Innovative Solutions Canada Program and Agriculture and Agri-Food Canada for their support to develop a market ready solution which we can pioneer in Canada."

Edible Garden Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call

Retrieved on: 
Monday, March 25, 2024
Telephone, CEA

BELVIDERE, NJ, March 25, 2024 (GLOBE NEWSWIRE) -- 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, announced today that it will host a conference call on Monday April 1, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter and year ended December 31, 2023, and provide a business update.

Key Points: 
  • BELVIDERE, NJ, March 25, 2024 (GLOBE NEWSWIRE) -- 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, announced today that it will host a conference call on Monday April 1, 2024, at 8:00 AM Eastern Time to discuss financial results for the quarter and year ended December 31, 2023, and provide a business update.
  • The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 297232.
  • A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2914/50246 or on the investor relations section of the company’s website, https://ediblegardenag.com/presentations/ .
  • A webcast replay will be available on the investor relations section of the Company’s website at https://ediblegardenag.com/presentations/ through April 1, 2025.

Journey Medical Corporation Reports Full-Year 2023 Financial Results and Recent Corporate Highlights

Retrieved on: 
Thursday, March 21, 2024
Research, U.S. FDA, Conference, Growth, Journey, Agreement, FY, IGA, Microbiota, Risk, New Drug Application, Patient, Food and Drug Administration, Rosacea, Hyperhidrosis, NDA, Red, News, Adjustment, Dermatology, Clinical trial, Erythema, Doxycycline, Safety, GAAP, Food, Marketing, FDA, CEA, Total, PDUFA, Pharmaceutical industry

SCOTTSDALE, Ariz., March 21, 2024 (GLOBE NEWSWIRE) -- Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical” or “the Company”), a commercial-stage pharmaceutical company that primarily focuses on the selling and marketing of U.S. Food and Drug Administration (“FDA”)-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced financial results and recent corporate highlights for the full year ended December 31, 2023.

Key Points: 
  • ET to discuss the financial results and provide a business update
    SCOTTSDALE, Ariz., March 21, 2024 (GLOBE NEWSWIRE) -- Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical” or “the Company”), a commercial-stage pharmaceutical company that primarily focuses on the selling and marketing of U.S. Food and Drug Administration (“FDA”)-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced financial results and recent corporate highlights for the full year ended December 31, 2023.
  • Claude Maraoui, Journey Medical’s Co-Founder, President and Chief Executive Officer, said, “2023 was a year of growth and development for Journey Medical.
  • In December 2023, Journey Medical entered into a $20.0 million credit facility with SWK Holdings Corporation (“SWK”), a specialized finance company with a focus on the global healthcare sector.
  • In July 2023, Journey Medical announced positive topline results from the two DFD-29 Phase 3 clinical trials (MVOR-1 & MVOR-2) for the treatment of rosacea.

Journey Medical Corporation Announces U.S. FDA Acceptance of New Drug Application for DFD-29 for the Treatment of Rosacea

Retrieved on: 
Monday, March 18, 2024
Entrepreneurship, Capsule, Patient, Food and Drug Administration, Rosacea, NDA, Red, Minocycline, Erythema, Food, Marketing, FDA, CEA, Physician, IGA, PDUFA, Pharmaceutical industry

The FDA has set a Prescription Drug User Fee Act (“PDUFA”) goal date of November 4, 2024.

Key Points: 
  • The FDA has set a Prescription Drug User Fee Act (“PDUFA”) goal date of November 4, 2024.
  • The Phase 3 clinical trials achieved all co-primary and secondary endpoints, and subjects completed the 16-week treatment with no significant safety issues.
  • DFD-29 demonstrated statistically significant superiority over both the current standard-of-care treatment, Oracea® 40 mg capsules, and placebo for Investigator’s Global Assessment (IGA) treatment success as well as the reduction in the total inflammatory lesion count in both studies.
  • For the secondary endpoint evaluating erythema (redness) associated with rosacea, DFD-29 showed a statistically significant reduction in Clinician’s Erythema Assessment (CEA) compared to placebo in both clinical trials.”

Edible Garden Announces Pulp Sustainable Gourmet Sauces Now Available Through KeHE Distributors, LLC

Retrieved on: 
Thursday, March 14, 2024
Maker, Natural product, Target, Growth, EXPO, Kaph, Edible, National Organic Program, Whole Foods Market, CEA, Meal

BELVIDERE, NJ, March 14, 2024 (GLOBE NEWSWIRE) -- 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 at Natural Products EXPO WEST® 2024 that KeHE Distributors will carry Edible Garden’s new line of Pulp sustainable gourmet sauces and chili-based products.

Key Points: 
  • BELVIDERE, NJ, March 14, 2024 (GLOBE NEWSWIRE) -- 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 at Natural Products EXPO WEST® 2024 that KeHE Distributors will carry Edible Garden’s new line of Pulp sustainable gourmet sauces and chili-based products.
  • Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “At last year’s Natural Products EXPO WEST® 2023, KeHE Distributors selected Edible Garden as one of their top picks to visit.
  • The introduction of the Pulp line has been met with positive feedback from sauce lovers everywhere.
  • With KeHE's extensive national distribution network carrying the Pulp line, we are highly optimistic that this collaboration will significantly boost the growth and visibility of both the Pulp line and the Edible Garden brand."