BELVIDERE, NJ, July 06, 2022 (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, today provided an update the success of its Zero-Waste Inspired® ESG/Sustainability mandate.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are both pleased and proud to announce the positive impact of our Zero-Waste Inspired® ESG/Sustainability mandate. As part of our involvement with Walmart Project Gigaton™, an initiative with a goal of eliminating one billon metric tons, or one gigaton, of CO2 emissions from global value chains by 2030, it is estimated that during 2021, we contributed to the effort by saving 21,000 gallons of gasoline, recycling 38,000 tons of cardboard, conserving 500,000 barrels of oil, and avoiding 442 tons of CO2 emissions. A sustainability survey conducted by Thepacker.com, the fresh fruit and vegetable industry’s leading source for news, information and analysis, provides further evidence of the importance of sustainable products to consumers. More than half of consumers surveyed were more likely to buy products labeled as “climate-smart,” 54% prefer recyclable packaging, and 25% indicated that they only buy from brands that can demonstrate how the brand addresses climate change. Attributes rated highly by consumers regarding the impact on sustainability of the food they bought were recyclable packaging, 57%, low carbon footprint, 50%, and urban and vertical farming, 41%. These results demonstrate why our ESG/sustainability approach has resonated extremely well with both retailers and consumers who care about the environmental impact of the food supply chain, which we expect will help Edible Garden expand our distribution channels and drive demand for our products.”
“Our Zero-Waste Inspired® approach is integral in everything we do. Innovative recyclable packaging minimizes the use of plastics and has successfully reduced waste and shrinkage at our supermarket customers by increasing the shelf life of our products, thereby reducing spoilage. For example, using our packaging technologies, cilantro maintains its quality for up to 11 days, or more than 50% longer than seven days with conventional packaging. In fact, this technology has led to a significant decline in product shrinkage among retailers. Our hydro basil, packaged in a recyclable and biodegradable pot, increasingly available in major supermarket chains in the northeast, is a perfect example of our approach and goal of reducing plastic consumption. We plan to expand this program across more of our SKUs and with more of our retail partners as we move forward.”
ABOUT EDIBLE GARDEN®
Edible Garden AG Incorporated, is a leader in locally grown organic leafy greens and herbs backed by Zero-Waste Inspired® next generation farming. Offered at over 4,000 stores in the US, Edible Garden is disrupting the CEA agriculture and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The company currently operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and in partnership with growers near major markets in the U.S. Its proprietary GreenThumb software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution generating food miles. Edible Garden 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.
Forward Looking Statements
This press release contains forward-looking statements, including with respect to the Company’s growth strategies, ability to expand its distribution network and distribution relationships, and performance as a public company. The words “estimate,” “expect,” “goal,” “intend,” “objective,” “plan,” “seek,” “strategy,” “will,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including market and other conditions and the Company’s ability to achieve its growth objectives. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
