Edible Garden Celebrates Compliance with Nasdaq Listing Standards

Edible Garden Achieves Compliance with Nasdaq Requirements

Edible Garden AG Incorporated, also known as Edible Garden, a frontrunner in controlled environment agriculture (CEA), has recently reaffirmed its status as a compliant entity under Nasdaq's listing guidelines. This breakthrough was formally announced on October 9, as the company received notification confirming its compliance with the minimum stockholders’ equity requirement outlined in Nasdaq Listing Rule 5550(b)(1).

Leadership's Vision for Shareholder Success

Jim Kras, the Chief Executive Officer of Edible Garden, expressed satisfaction with this development. He mentioned, "We are pleased to have regained compliance with Nasdaq's continued listing requirements. Maintaining our Nasdaq listing is essential to the Company as we believe it strengthens both our credibility and visibility. We see this as a critical component of our mission to enhance shareholder value and believe it will strategically position the Company for continued success." This statement underscores the leadership's commitment to uphold its corporate integrity and build shareholder trust.

About Edible Garden's Sustainable Practices

Edible Garden AG Incorporated is at the forefront of sustainable agriculture, focusing on locally grown, organic produce and products. The company's innovative approach includes the implementation of Zero-Waste Inspired® farming methods. With its products available in over 5,000 stores across the United States, Edible Garden is not only committed to producing high-quality food but also to initiating a shift in the agriculture sector towards sustainable practices.

Cutting-Edge Technology in Agriculture

The company has developed technologies that significantly enhance the farming process. For example, its patented GreenThumb software optimizes growing conditions in both vertical and traditional greenhouses. This software aims to reduce pollution-generating food miles, addressing environmental concerns associated with agriculture.

Innovative Product Offerings

In addition to its produce, Edible Garden develops a wide array of ingredients and proteins that appeal to health-conscious consumers. Under the Vitamin Way® and Vitamin Whey® brands, the company offers plant and whey protein powders that cater to various dietary needs, including fitness enthusiasts and everyday consumers. The Kick Sports Nutrition line includes premium products designed for athletes seeking effective nutritional support.

Commitment to Sustainable Food Flavoring

Edible Garden also embraces sustainability in its food flavoring products, introducing offerings such as Pulp gourmet sauces and chili-based products. These items not only enhance meals but also align with the company’s commitment to sustainability and health.

Investing in the Future

The recent compliance with Nasdaq's requirements is a significant step for Edible Garden as it continues to pursue growth and innovation within the agricultural sector. The combination of sustainable practices and technological advancements positions the company favorably for future expansion and stability in the ever-evolving market.

Frequently Asked Questions

What does it mean for Edible Garden to regain compliance with Nasdaq?

Regaining compliance with Nasdaq's listing standards indicates that Edible Garden has met the necessary financial criteria to remain publicly listed, reflecting its stability and credibility.

How does Edible Garden ensure sustainability in its products?

Edible Garden employs Zero-Waste Inspired® farming methods, sustainable packaging, and advanced technologies to minimize environmental impact while delivering high-quality food products.

What technologies does Edible Garden utilize in its farming process?

The company uses patented GreenThumb software to enhance growing conditions in greenhouses, aiming to lower food miles and reduce pollution associated with traditional agriculture.

What types of products does Edible Garden offer?

Edible Garden offers a variety of products including organic produce, protein powders, gourmet sauces, and chili products, catering to diverse consumer needs.

Who can be contacted for investor inquiries related to Edible Garden?

Investor inquiries can be directed to Crescendo Communications, LLC at 212-671-1020 or via email at EDBL@crescendo-ir.com.

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