share_log

Edible Garden Reports Production Distribution With Hemingways, No Terms Disclosed; Co. To Launch Products In 200+ Across Northeast US

Benzinga Real-time News ·  May 25, 2022 20:10

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 announced that Hemingways, a premier, full-service specialty distributor of wholesale dairy, groceries and produce, will begin distributing Edible Garden products.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to announce this latest expansion of our distribution with the addition of Hemingways, a premier Northeast distributor specializing in all natural and high quality foods.  This development supports our rapid expansion plans, by initially introducing our products in over 30 new stores with near-term plans to expand to over 200 stores across the region.  Hemingways bring immediate relationships with both independent retailers, as well as some of the leading big box retailers in the country.  Importantly, they have an established infrastructure and distribution capabilities, supporting our model of fresh, local, safe and sustainable foods. According to Vantage Market Research, the global organic fruits and vegetables market is estimated to reach $68.50 billion by 2028, up from $39.45 billion in 2021.  With over 20 million households in the Northeastern U.S. alone, we look forward to expanding our market penetration to address the growing demand."

Alan Hemingway, owner of Hemingways, commented, "We are delighted to partner with Edible Garden, a leading provider of locally grown, organic and sustainable produce.  We are witnessing unprecedented demand from both retailers and consumers for fresh and healthy food products that are sustainably and ethically produced. Moreover, Edible's Zero-Waste Inspired® next generation farming, reduces spoilage, thereby significantly enhancing the retailer's bottom line."

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment