Edible Garden launched a customer service platform to enhance efficiency for small to medium retailers, integrated with its greenhouse management system.
Quiver AI Summary
Edible Garden AG Incorporated has launched an innovative customer service platform that complements its Green Thumb 2.0 greenhouse management system, aimed at enhancing the operational efficiency of small to medium-sized retailers. This platform provides 24/7 access for customers, optimizing preorder and standing order management, and improving delivery routing to ensure fresher produce with a more sustainable supply chain. The initiative aligns with Edible Garden's Zero-Waste Inspired® mission and reflects the company's commitment to innovation and sustainability, supporting retailers in delivering high-quality products. CEO Jim Kras emphasized the importance of this tool in empowering retail partners and minimizing waste, while Sales and Customer Services Manager Maria Fraguada highlighted the company's focus on understanding customer needs to strengthen relationships and service quality.
Potential Positives
- Launch of an innovative customer service platform that enhances operational efficiency and customer experience for small to medium-sized retailers.
- Platform is fully integrated with the Green Thumb 2.0 system, supporting Edible Garden's Zero-Waste Inspired® mission and commitment to delivering products within 24 hours.
- This initiative is a significant step in solidifying Edible Garden’s leadership in sustainable agriculture and innovation.
Potential Negatives
- Potential overemphasis on innovation in the press release may not alleviate concerns over the company's actual growth performance or market position amid competition in the CEA sector.
- Inclusion of forward-looking statements highlights uncertainties that could affect the company's ability to achieve its stated growth objectives, which may indicate underlying risks to investors.
- The focus on customer service improvements and technology might mask existing operational challenges or gaps in product delivery that could impact customer satisfaction.
FAQ
What is Edible Garden's new customer service platform?
Edible Garden's new platform provides 24/7 direct access for customers, enhancing operational efficiency for small to medium-sized retailers.
How does the platform support sustainability?
The platform aligns with Edible Garden's Zero-Waste Inspired® mission, improving delivery routing and reducing waste in the supply chain.
What features does the customer service platform offer?
It simplifies preorder and standing order management while integrating with the patented Green Thumb 2.0 greenhouse management system.
Where can Edible Garden products be found?
Edible Garden products are available at over 5,000 stores across the United States.
What is the Vision of Edible Garden?
Edible Garden aims to lead sustainable agriculture through innovation, reducing waste, and delivering high-quality, locally grown produce.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EDBL Insider Trading Activity
$EDBL insiders have traded $EDBL stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EDBL stock by insiders over the last 6 months:
- JAMES E. KRAS (President and CEO) has traded it 2 times. They made 2 purchases, buying 33,700 shares and 0 sales.
- MATHEW J. MCCONNELL purchased 2,013 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$EDBL Hedge Fund Activity
We have seen 4 institutional investors add shares of $EDBL stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC added 370,000 shares (+inf%) to their portfolio in Q3 2024
- VIRTU FINANCIAL LLC added 15,390 shares (+inf%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 15,158 shares (+inf%) to their portfolio in Q3 2024
- MORGAN STANLEY removed 3,661 shares (-100.0%) from their portfolio in Q3 2024
- UBS GROUP AG removed 3,189 shares (-93.8%) from their portfolio in Q3 2024
- TOWER RESEARCH CAPITAL LLC (TRC) removed 2,091 shares (-70.6%) from their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ added 23 shares (+1150.0%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BELVIDERE, NJ, Jan. 10, 2025 (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 the launch of an innovative customer service platform designed to complement its patented Green Thumb 2.0 greenhouse management system. This new platform provides 24/7 direct access for customers and is tailored to meet the needs of small to medium-sized retailers, enhancing operational efficiency, scalability, and the overall customer experience.
The customer service platform simplifies preorder and standing order management while enhancing delivery routing for greater efficiency. Fully integrated with the Green Thumb 2.0 system, this innovation supports Edible Garden’s Zero-Waste Inspired® mission and its commitment to delivering greenhouse-to-grocer products within 24 hours, ensuring fresher produce and a more sustainable supply chain.
“This platform exemplifies our steadfast dedication to innovation and sustainability,” said Jim Kras, Chief Executive Officer of Edible Garden. “By providing our retail partners with an intuitive and scalable tool that streamlines operations and enhances efficiency, we are ensuring they can deliver the freshest, highest-quality products to their consumers. This initiative marks a significant step forward in our mission to reduce waste, promote sustainability, and create meaningful value for our partners and the communities we serve, further solidifying Edible Garden’s leadership in sustainable agriculture and innovation.”
Maria Fraguada, Sales and Customer Services Manager at Edible Garden, stated, "By actively listening to our customers and understanding their challenges, we have developed a solution specifically tailored to their needs. This platform reflects our commitment to building strong relationships, providing exceptional customer service, and empowering our customers to thrive in their operations."
ABOUT EDIBLE GARDEN®
Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired® next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA 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 its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. 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. In addition, the Company’s Kick Sports Nutrition line features premium performance products that cater to today’s health-conscious athletes. Furthermore, Edible Garden offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.
For more information on Pulp products go to
https://www.pulpflavors.com/
. For more information on Vitamin Whey® products go to
https://vitaminwhey.com/
. For more information on Edible Garden go to
https://ediblegardenag.com/
.
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 “believe,” “expect,” “intend,” “look forward,” “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
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
