Edible Garden announces Sohail Ahmad as Vice President of Finance to enhance operational efficiency and growth strategies.
Quiver AI Summary
Edible Garden AG Incorporated, a leader in controlled environment agriculture, has appointed Sohail Ahmad as Vice President of Finance. With over 20 years of experience in the food and consumer goods sectors, Ahmad previously served as CFO of HOS Global Foods and held significant roles at Sysco Corporation, Godiva Chocolatier, and Mondelez/Kraft International. His expertise in financial transformation and growth is expected to enhance Edible Garden's operational efficiency and support its expansion into higher-margin product categories. The company, focusing on organic and sustainable produce, operates vertically integrated greenhouses and has a strong presence in over 5,000 stores across the US, Caribbean, and South America.
Potential Positives
- Appointment of Sohail Ahmad as Vice President of Finance brings over 20 years of financial experience, enhancing the leadership team's capabilities.
- Mr. Ahmad's background in the consumer packaged goods industry aligns with Edible Garden's focus on scaling its produce business and expanding into higher-margin product categories.
- The company has been named a FoodTech 500 company, highlighting its position as a leader in the AgriFoodTech sector.
- Edible Garden's patented technologies and sustainable practices may strengthen its competitive advantage in the controlled environment agriculture market.
Potential Negatives
- The announcement of a new Vice President of Finance could indicate previous issues in the finance department that required a leadership change, which may raise concerns among investors and stakeholders about the company's financial management.
- The press release includes a disclaimer about forward-looking statements, highlighting the risks and uncertainties associated with the company's growth strategies, which may generate skepticism regarding its future performance.
FAQ
Who is the new Vice President of Finance at Edible Garden?
Sohail Ahmad has been appointed as the Vice President of Finance at Edible Garden.
What experience does Sohail Ahmad bring to Edible Garden?
Sohail Ahmad brings over 20 years of experience in finance from leading food and consumer goods companies.
What are the key products offered by Edible Garden?
Edible Garden offers products like Kick. Sports Nutrition, Vitamin Whey®, and fresh condiments under the Pickle Party brand.
Where are Edible Garden's facilities located?
Edible Garden operates vertically integrated greenhouses and processing facilities in Belvidere, NJ, and Grand Rapids, MI.
How does Edible Garden contribute to sustainability?
Edible Garden employs Zero-Waste Inspired® farming and sustainable packaging and is part of Walmart's Project Gigaton initiative.
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 3 purchases buying 2,175 shares for an estimated $5,928 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$EDBL Hedge Fund Activity
We have seen 0 institutional investors add shares of $EDBL stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC removed 931,550 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,263,666
- BANK OF MONTREAL /CAN/ removed 30,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $72,900
- GOLDMAN SACHS GROUP INC removed 15,812 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $38,423
- VIRTU FINANCIAL LLC removed 15,390 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $4,947
- GEODE CAPITAL MANAGEMENT, LLC removed 15,158 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $36,833
- SBI SECURITIES CO., LTD. removed 13,986 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $33,985
- TOWER RESEARCH CAPITAL LLC (TRC) removed 8,018 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $19,483
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BELVIDERE, NJ, June 17, 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 appointment of Sohail Ahmad as Vice President of Finance, effective immediately.
Mr. Ahmad is a seasoned financial executive with over 20 years of experience leading transformation and driving growth across global food and consumer goods companies in both public and private sectors. He most recently served as Chief Financial Officer of HOS Global Foods, a $300 million privately held enterprise. Prior to that, he was Global CFO and Vice President of Finance at Guestworldwide, a $1.7 billion division of Sysco Corporation. Earlier in his career, he held senior finance roles at Godiva Chocolatier, and Mondelez/Kraft International, where he led initiatives in CAPEX planning, ERP implementation, and financial integration. Mr. Ahmad began his career at Johnson & Johnson and NASD (now FINRA), gaining expertise in treasury, compliance, and financial reporting. He holds an MBA in Finance, Supply Chain Management, and Information Technology from the University of Tennessee, a Bachelor of Commerce in Accounting and Auditing, and is a Certified Management Accountant (CMA).
“We are pleased to welcome Sohail to Edible Garden as Vice President of Finance,” said Jim Kras, Chief Executive Officer of Edible Garden. “He brings not only a wealth of financial and operational expertise, but also a strategic mindset and a proven ability to lead transformation at scale. Sohail’s extensive background in the CPG industry uniquely positions him to help Edible Garden advance its growth trajectory. His deep understanding of the CPG landscape, combined with his experience modernizing finance organizations and integrating acquisitions, aligns perfectly with our focus on scaling our core produce business and expanding into higher-margin, shelf-stable product categories. With a growing lineup that includes Kick. Sports Nutrition, Vitamin Whey®, Vitamin Way®, Pickle Party, Pulp, and Squeezables, we believe Sohail’s energy and expertise will play a significant role in improving operational efficiency, strengthening financial discipline, and enabling smarter, data-driven decision-making across the Company.”
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, Caribbean and South America, 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 vertically integrated 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. The Company has been named a FoodTech 500 company by Forward Fooding, a leading AgriFoodTech organization. In addition, Edible Garden is also a Giga Guru member of Walmart's Project Gigaton sustainability initiative. 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 looking for cleaner labeled, better-for-you options. Furthermore, Edible Garden offers a line of fresh, sustainable, and functional condiments such as Pulp fermented gourmet & chili-based sauces and Edible Garden's Pickle Party - fresh pickles & krauts. 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 Kick. Sports Nutrition go to https://kicksportsnutrition.net/ . 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]