Edible Garden announces partnership with Una Pizza Napoletana, supplying locally grown, sustainable basil for their acclaimed pizzas.
Quiver AI Summary
Edible Garden AG Incorporated, a leader in controlled environment agriculture, announced its partnership with Una Pizza Napoletana, a world-renowned pizzeria recognized for its authentic Neapolitan pizza. The collaboration involves supplying sustainably grown basil to enhance the quality of Una Pizza Napoletana's carefully crafted dishes. Edible Garden's CEO, Jim Kras, praised the pizzeria for its exceptional culinary craftsmanship and confirmed the importance of high-quality ingredients in fine dining experiences. Edible Garden, which operates state-of-the-art greenhouses and focuses on sustainable farming practices, aims to elevate culinary standards through this partnership while continuing to disrupt the sustainability technology movement in agriculture.
Potential Positives
- Edible Garden's basil will be featured in dishes at Una Pizza Napoletana, celebrated internationally as the top pizzeria, enhancing the company's brand visibility.
- The collaboration emphasizes Edible Garden’s commitment to quality and sustainability, aligning with the rising consumer preference for locally sourced and organic products.
- This partnership showcases Edible Garden's ability to supply premium ingredients to high-profile clients, potentially paving the way for similar collaborations in the culinary industry.
- Edible Garden is positioned as a leader in controlled environment agriculture (CEA), further bolstered by its innovative practices and patented technologies in sustainable farming.
Potential Negatives
- The press release heavily emphasizes a partnership with Una Pizza Napoletana, which may draw attention away from Edible Garden's other business activities and product lines.
- The mention of forward-looking statements includes a range of risks and uncertainties, implying potential difficulties in achieving growth objectives and market performance, which could concern investors.
- Despite being a leader in controlled environment agriculture, the press release does not provide specific details on recent financial performance or product sales, which may raise questions about the company's current market position.
FAQ
What is Edible Garden AG Incorporated?
Edible Garden is a leader in controlled environment agriculture, providing locally grown, organic, and sustainable produce.
Who is Una Pizza Napoletana?
Una Pizza Napoletana is a globally renowned pizzeria known for its authentic Neapolitan pizza, founded by Anthony Mangieri.
What collaboration was announced in January 2025?
Edible Garden announced a collaboration to supply Una Pizza Napoletana with sustainably grown basil for their pizzas.
What is the significance of the partnership?
The partnership highlights a shared commitment to quality, sustainability, and culinary excellence between Edible Garden and Una Pizza Napoletana.
Where can I find Edible Garden products?
Edible Garden products are available at over 5,000 stores across the U.S., including their herbs and various food products.
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 made 2 purchases buying 33,700 shares for an estimated $5,695 and 0 sales.
- MATHEW J. MCCONNELL purchased 2,013 shares for an estimated $334
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, for an estimated $98,420
- VIRTU FINANCIAL LLC added 15,390 shares (+inf%) to their portfolio in Q3 2024, for an estimated $4,093
- GEODE CAPITAL MANAGEMENT, LLC added 15,158 shares (+inf%) to their portfolio in Q3 2024, for an estimated $4,032
- MORGAN STANLEY removed 3,661 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $973
- UBS GROUP AG removed 3,189 shares (-93.8%) from their portfolio in Q3 2024, for an estimated $848
- TOWER RESEARCH CAPITAL LLC (TRC) removed 2,091 shares (-70.6%) from their portfolio in Q3 2024, for an estimated $556
- BANK OF AMERICA CORP /DE/ added 23 shares (+1150.0%) to their portfolio in Q3 2024, for an estimated $6
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BELVIDERE, NJ, Jan. 28, 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 that the Company is supplying Una Pizza Napoletana, one of the most celebrated pizzerias in the world with Edible Garden’s premium, local and sustainably grown basil.
Una Pizza Napoletana, founded by Anthony Mangieri, is a globally renowned pizzeria celebrated for its mastery of authentic Neapolitan pizza. Deeply rooted in tradition, the restaurant crafts each pizza with meticulous attention to detail, using only the finest ingredients and techniques inspired by the rich culinary heritage of Naples, Italy. Recognized as the number one pizzeria in the world and number one in America, Una Pizza Napoletana has set the global standard for excellence in the global culinary scene.
"Being named the number one pizzeria in the world - and in America - is a well-deserved testament to their unmatched craftsmanship and leadership in the global culinary scene,” stated Jim Kras, CEO of Edible Garden. “Their dedication to authentic Neapolitan-style pizza is truly inspiring, and we are proud to see our sustainably grown basil play a role in their extraordinary creations."
"At 'The Flavor Maker, Edible Garden®,' our mission is to deliver the freshest and most flavorful herbs to our retail partners. We take immense pride in seeing our sustainably grown basil featured on Una Pizza Napoletana’s legendary, authentically crafted pizzas, a true reflection of our shared commitment to quality, excellence, and culinary artistry. This collaboration highlights how exceptional ingredients elevate even the finest culinary creations. Una Pizza Napoletana’s attention to detail and relentless pursuit of perfection mirrors our own approach to sustainable farming and flavor innovation. Together, we are redefining what it means to create truly memorable dining experiences."
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
[email protected]