Edible Garden AG Inc. Stock Analysis EDBL

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 94 full-time employees. The company went IPO on 2022-05-05. The firm is engaged in locally growing, organic, and sustainable produce and products backed by Zero-Waste Inspired next-generation farming. The company operates its own vertically integrated greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near markets in the United States. Its proprietary GreenThumb 2.0 patented software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary Self-Watering display is designed to enhance plant shelf life and provide an enhanced in-store plant display experience. The company is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. The company also offers pulp-fermented gourmet and chili-based sauces.