Tearsheet

Edible Garden (EDBL)


Market Price (1/20/2026): $0.643 | Market Cap: $1.9 Mil
Sector: Consumer Staples | Industry: Agricultural Products & Services

Edible Garden (EDBL)


Market Price (1/20/2026): $0.643
Market Cap: $1.9 Mil
Sector: Consumer Staples
Industry: Agricultural Products & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50%
Weak multi-year price returns
2Y Excs Rtn is -145%, 3Y Excs Rtn is -175%
Penny stock
Mkt Price is 0.7
1 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Vegan & Alternative Foods, and Sustainable Consumption. Themes include Organic & Natural Products, Show more.
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102%
2   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 134%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%
4   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -87%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -92%
5   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -752%
6   High stock price volatility
Vol 12M is 1665%
7   Key risks
EDBL key risks include [1] significant financial distress and persistent losses, Show more.
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50%
1 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Vegan & Alternative Foods, and Sustainable Consumption. Themes include Organic & Natural Products, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -145%, 3Y Excs Rtn is -175%
3 Penny stock
Mkt Price is 0.7
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 134%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -87%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -92%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -752%
9 High stock price volatility
Vol 12M is 1665%
10 Key risks
EDBL key risks include [1] significant financial distress and persistent losses, Show more.

Valuation, Metrics & Events

EDBL Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Stock Movement Drivers

Fundamental Drivers

The -58.5% change in EDBL stock from 10/31/2025 to 1/19/2026 was primarily driven by a -43.3% change in the company's P/S Multiple.
103120251192026Change
Stock Price ($)1.590.66-58.50%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)12.3212.551.89%
P/S Multiple0.270.15-43.33%
Shares Outstanding (Mil)2.112.93-39.12%
Cumulative Contribution-64.85%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 1/19/2026
ReturnCorrelation
EDBL-58.5% 
Market (SPY)1.4%6.3%
Sector (XLP)7.6%10.9%

Fundamental Drivers

The -73.1% change in EDBL stock from 7/31/2025 to 1/19/2026 was primarily driven by a -118.4% change in the company's Shares Outstanding (Mil).
73120251192026Change
Stock Price ($)2.450.66-73.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)13.4412.55-6.61%
P/S Multiple0.240.15-37.00%
Shares Outstanding (Mil)1.342.93-118.44%
Cumulative Contribution-110.85%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 1/19/2026
ReturnCorrelation
EDBL-73.1% 
Market (SPY)9.7%14.0%
Sector (XLP)3.6%13.8%

Fundamental Drivers

The -88.3% change in EDBL stock from 1/31/2025 to 1/19/2026 was primarily driven by a -2221.2% change in the company's Shares Outstanding (Mil).
13120251192026Change
Stock Price ($)5.620.66-88.27%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)14.0712.55-10.77%
P/S Multiple0.050.15205.17%
Shares Outstanding (Mil)0.132.93-2221.15%
Cumulative Contribution-5876.06%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 1/19/2026
ReturnCorrelation
EDBL-88.3% 
Market (SPY)15.9%-8.7%
Sector (XLP)6.0%3.8%

Fundamental Drivers

The -100.0% change in EDBL stock from 1/31/2023 to 1/19/2026 was primarily driven by a -562028.5% change in the company's Shares Outstanding (Mil).
13120231192026Change
Stock Price ($)5400.000.66-99.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)9.4612.5532.74%
P/S Multiple0.300.15-48.25%
Shares Outstanding (Mil)0.002.93-562028.54%
Cumulative Contribution-386112.26%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 1/19/2026
ReturnCorrelation
EDBL-100.0% 
Market (SPY)76.5%-5.0%
Sector (XLP)19.8%3.2%

Return vs. Risk


Price Returns Compared

 202120222023202420252026Total [1]
Returns
EDBL Return--93%-92%-97%-92%14%-100%
Peers Return-43%-68%-41%14%55%1%-80%
S&P 500 Return27%-19%24%23%16%1%85%

Monthly Win Rates [3]
EDBL Win Rate-12%33%25%17%100% 
Peers Win Rate39%32%35%40%47%60% 
S&P 500 Win Rate75%42%67%75%67%100% 

Max Drawdowns [4]
EDBL Max Drawdown--93%-94%-99%-98%0% 
Peers Max Drawdown-49%-78%-58%-29%-42%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%0% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VFF, LOCL, VITL, GRWG, HYFM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)

How Low Can It Go

Unique KeyEventEDBLS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven21197.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to VFF, LOCL, VITL, GRWG, HYFM

In The Past

Edible Garden's stock fell -99.5% during the 2022 Inflation Shock from a high on 5/5/2022. A -99.5% loss requires a 21197.0% gain to breakeven.

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About Edible Garden (EDBL)

Edible Garden is a controlled environment agriculture (“CEA”) farming company. We use traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. We use the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces. In our hydroponic greenhouse, we grow plants without soil. Instead of planting one row of lettuce in the ground, by using a vertical greenhouse, we can grow many towers of lettuce in the same area by planting up instead of planting across. Growing these products sustainably means that we avoid depleting natural resources in order to maintain an ecological balance, such as by renewing, reusing and recycling materials in order to lower the overall one-time use of materials. Our controlled greenhouse facilities allow us to grow consistent quality herbs and lettuces year-round, first by eliminating some of the variability of outdoor farming with our CEA techniques, and second by leveraging our proprietary software, GreenThumb. In addition to using hydroponic and vertical greenhouse systems, we use a “closed loop” system in our greenhouses. Generally, in a “closed loop” system, drain water is recollected and reused for irrigation. In our closed loop system, we also cycle water back into the system that has been collected through reverse osmosis. When compared to conventional agriculture, our closed looped systems and hydroponic methods use less land, less energy and less water (than legacy farms), thus conserving some of the planet’s limited natural resources. Our advanced systems are also designed to help mitigate contamination from harmful pathogens, including salmonella, e-coli and others. We have also developed patented software called GreenThumb that assists in tracking plants through our supply chain. Utilizing our GreenThumb software to track the status of our plants as they grow and move throughout the greenhouse allows us to add a layer of quality control due to the frequent monitoring of the growing process, leading to improved traceability. In this context, traceability means being able to track a plant through all stages of production and distribution. In addition to improving traceability, GreenThumb helps us better manage the day-to-day operations of our business. GreenThumb is a web-based greenhouse management and demand planning system that does the following: · integrates in real-time with our cloud business software suite for monitoring daily sales data; · generates reports by category, product, customer, and farm to allow us to analyze sales, trends, margins and retail shrink (spoiled product); · provides dynamic pallet mapping for packout, which enables us to more efficiently ship our products; · utilizes a proprietary algorithm that uses year-over-year and trending sales data to develop customer specific and aggregate product specific forecasting for our greenhouses; · aggregates all greenhouse activity input to provide real-time inventory and availability reports of all products in our greenhouses; · manages our online ordering system with user controlled product availability based upon greenhouse inventory; · provides a route management system for coordinating the logistics of our direct store delivery program; and · tracks all production activities at greenhouses, including sowing, spacing, dumping, spraying, picking and packing, using hand held devices. We also use our GreenThumb software to help monitor the quality of our products, and we have dedicated quality assurance and quality control personnel that check and monitor our products. We have customer service personnel that answer any questions the consumers of our products may have, and we regularly ask for feedback from our customers on the quality of our products. The combination of the GreenThumb software, quality assurance and control processes (including compliance with food safety standards), and feedback from consumers and purchasers holds us accountable for maintaining the quality of our herbs and lettuce. We focus our efforts on producing our herbs and vegetables in a sustainable manner that will reduce consumption of natural resources, by recycling water in our closed loop system and using LED lights instead of conventional lightbulbs to accelerate crop growth and yield, when necessary. In addition, the inventory management component of GreenThumb allows us to manage inventory levels, order quantities and fill rates while maximizing truck loads. This means that we are better able to control shipping our products in full truck loads, thus eliminating multiple deliveries and decreasing the excess emission of greenhouse gases that would result from many partially full trucks delivering our products. Together, these elements of our production and distribution process are intended to reduce our carbon footprint, or the total amount of greenhouse gases that are generated by our actions, as compared to a legacy farm business. We believe our focus on our brand “Edible Garden” is a significant differentiator. The brand not only lends itself to our current portfolio of products but allows us to develop other products in the “Consumer Brands” category. Our focus on sustainability, traceability, and social contribution, which we define as an ongoing effort to improve employee relations, working conditions, and local communities, presents our value proposition to our customers and supermarket partners and distributors. --- We believe that Edible Garden’s facilities comply with food safety and handling standards. We have food safety certifications from Primus GFS (“Primus”), a Global Food Safety Initiative (“GFSI”) certification program, the United States Department of Agriculture (“USDA”) for organic products (“USDA Organic”), and some of our products are verified as non-genetically modified (“non-GMO”) by the non-GMO Project. We are licensed under the Perishable Agricultural Commodities Act (“PACA”) to operate our business. We voluntarily comply with the Hazard Analysis Critical Control Point (“HACCP”) principles established by the United States Food and Drug Administration (“FDA”). We intend to use our approach to expand in key strategic markets across the country while supporting our existing operations. Our priority in the near term is to strengthen our existing business in part with the proceeds from this offering. We have a history of operating losses since inception and expect to incur additional near-term losses. our auditors have issued an opinion that there is a substantial doubt about our ability to continue as a going concern if we are unable to complete this offering. However, we are pursuing this offering because we believe that we have the potential to take advantage of strategic growth opportunities. Our model of growing local produce near high population density centers and being able to provide fresh produce to our existing supermarket partners, who have a wider network than us, is intended to create organic growth in our business through those existing relationships. If we complete this offering, we intend to use part of the proceeds to either build or acquire greenhouses near population centers and distribution centers to be able to grow more produce close to where it is in demand and to deepen our relationships with regional and national supermarkets. Our model allows us to reduce transportation food miles, reduce fuel costs, and lower emissions related to food transportation. We believe that the power of our brand together with the quality, innovative packaging and traceability of our products allow all of our customers to associate Edible Garden with locally grown and sustainably sourced packaged herbs and vegetables. Our tag line “Simply Local, Simply Fresh” is intended to describe our business plan: growing herbs and lettuce in local farms in the regional communities where our customers sell our products so that the products stay fresher for longer. We believe this strategy allows us to drive local grass roots brand awareness while we grow our business to support our plan to become a national brand. We currently offer 31 stock keeping units “SKU’s” and expect to further cross sell products across our supermarket partners to meet their demand. These products include: · 10 types of individually potted, live herbs; · 10 types of cut single-herb clamshells; · 2 specialty herb items; · 6 different types of lettuce; · hydro basil; · bulk basil; and · vegan protein powder. We currently sell our products to a number of regional and national supermarkets. Since inception, a few of our customers constitute a majority of our total revenue. For example, during the year ended December 31, 2021, we earned approximately 76% of our revenue from three customers, and we earned approximately 34% of our revenue from one customer in the period from our inception through December 31, 2020. While we value our strong relationship with these major customers, we face the risk of losing a significant source of revenue if our major customers do not continue to purchase our products. If that were to occur and we were unable to replace the revenue by selling our products to additional customers, our ability to earn revenue would be significantly negatively impacted. Part of our growth strategy is to reduce this customer concentration by expanding our production capacity, which would allow us to sell our products to more supermarket partners. Our business is a successor business of Terra Tech Corp. (now known as Unrivaled Brands, Inc.)(“Terra Tech”). We purchased substantially all of the assets of Edible Garden Corp., a subsidiary of Terra Tech, from Terra Tech as of March 30, 2020. Our company was incorporated on March 28, 2020 in the State of Wyoming as Edible Garden Inc. We subsequently changed our name to Edible Garden AG Incorporated on July 20, 2020. Effective July 7, 2021, our parent company, Edible Garden Holdings Inc., merged with and into us with us as the surviving entity. We converted into a Delaware corporation effective July 12, 2021. We have one wholly-owned subsidiary, EG Transportation, LLC, through which we manage the distribution of our products. Our principal address is 283 County Road 519, Belvidere, NJ.

AI Analysis | Feedback

Here are 1-2 brief analogies for Edible Garden (EDBL):

  • They are like an **indoor-farming version of Earthbound Farm**, supplying organic leafy greens and herbs to grocery stores.
  • They aim to be the **Driscoll's of organic, indoor-grown leafy greens and herbs**, supplying supermarkets year-round.

AI Analysis | Feedback

  • Hydroponic Leafy Greens: Fresh, sustainably grown lettuce, butterhead, romaine, and other greens cultivated using hydroponic methods.
  • Herbs: A variety of fresh culinary herbs like basil, cilantro, parsley, and chives, grown with sustainable practices.
  • Cut Salad Line: Convenient, pre-packaged fresh salads designed for easy consumption.
  • Vegan Protein Snacks: Plant-based protein snacks offered under the Edible Garden AGX brand.

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Major Customers of Edible Garden (EDBL)

Edible Garden (EDBL) primarily sells its fresh produce to other companies, operating on a business-to-business (B2B) model. Their customers are major national and regional grocery retailers and food distributors.

Based on their 2023 annual report (Form 10-K), the following are Edible Garden's major customers, accounting for a significant portion of their net sales:

  • Walmart Inc. (WMT)
  • Meijer, Inc. (Private company)
  • Wakefern Food Corp. (Private company)

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Jim Kras, Chief Executive Officer & Chairman of the Board

Jim Kras is a co-founder of Edible Garden and has served as Chief Executive Officer and Director since March 2020, leading the company's successful IPO on NASDAQ. He previously served as President and Chief Marketing Officer of Edible Garden Corp. from 2016 to 2020. His background includes senior leadership roles at global companies such as Ajinomoto and The Nature's Bounty Co., where he was responsible for revitalizing brands like MET-Rx, Pure Protein, and Body Fortress. Kras began his career in advertising on Madison Avenue, working with agencies including Grey, iCrossing, and Dentsu/Carat.

Sohail Ahmad, Vice President of Finance

Sohail Ahmad was appointed Vice President of Finance, effective June 17, 2025. He is a seasoned financial executive with over 20 years of experience, having driven growth and transformation across global food and consumer goods companies in both public and private sectors. Most recently, he served as Chief Financial Officer of HOS Global Foods, a privately held enterprise, and prior to that, he was Global CFO and Vice President of Finance at Guestworldwide, a division of Sysco Corporation. Ahmad also held senior finance roles at Godiva Chocolatier and Mondelez/Kraft International, and started his career at Johnson & Johnson and NASD (now FINRA).

David Ross, Vice President of Sales and Marketing

David Ross was appointed Vice President of Sales and Marketing in June 2023, after serving as Director of Sales and Marketing. Before joining Edible Garden, he was a Senior Category Manager at Wakefern, where he played a significant role in launching their Own Brands Fresh line. His prior experience includes leadership positions at Church & Dwight, Topps, and Unilever.

John Kissel, Director of Horticulture

John Kissel is responsible for leading Edible Garden's horticulture operations across its multiple facilities. With decades of experience in greenhouse growing, plant propagation, and production, he has implemented innovative techniques to enhance yields and plant quality. Kissel is recognized for his meticulous approach and dedication to sustainable practices.

Emily Morel, Director of Production Planning and Team Development

Emily Morel has been a key contributor at Edible Garden's Belvidere facility since 2021, overseeing production planning and team development. She possesses nearly a decade of leadership experience and has established strong partnerships with local nonprofits, advocating for sustainability, reduced food waste, and increased access to fresh, organic produce.

AI Analysis | Feedback

Here are the key risks to Edible Garden (EDBL):

1. Financial Health and Profitability Concerns

Edible Garden faces significant financial challenges, as indicated by its weak operational efficiency and consistent losses. The company's Piotroski F-Score of 3 suggests weak operational efficiency. It also struggles with a negative operating margin of -102.12% and a net margin of -115.44%. Furthermore, its current ratio of 0.8 and quick ratio of 0.51 point to liquidity constraints. The Altman Z-Score of -4.68 places Edible Garden in a distress zone, signaling potential financial instability. The company has a negative price-to-earnings (P/E) ratio of approximately -0.66, which indicates ongoing losses. Additionally, the negative enterprise value to operating cash flow ratio of about -0.42 highlights difficulties in generating positive cash flow from operations. Edible Garden's short-term assets ($4.9M) do not cover its short-term liabilities ($6.1M). Analysts estimate a negative EPS of -$0.740 for Q2 2025, and the company's Return on Assets (ROA) is -25.15%, Net Margin is -39.49%, and Return on Equity (ROE) is -217.43%.

2. Market Volatility and Share Price Stability

The company's stock exhibits high volatility. Edible Garden's stock beta of 2.7 suggests that its share price could experience significant swings. Recent updates have also highlighted "share price stability" as a minor risk. The share price has been volatile over the past three months compared to the broader US market and has underperformed both the US Food industry and the overall US Market over the past year.

3. Dependence on Retailers and Fluctuations in Consumer Demand

As a player in the consumer defensive sector, Edible Garden is susceptible to shifts in consumer demand and agricultural challenges. The urban farming sector, in which Edible Garden operates, is highly sensitive to changes in consumer preferences, regulatory environments, and technological advancements. The company's reliance on large retailers like Target for growth presents a risk, as changes in retailer strategies or consumer preferences could negatively impact sales. Additionally, the demand for some of the company's products, such as its Kick. Sports Nutrition line, may be sensitive to pharmaceutical market trends, particularly the popularity of GLP-1 weight-loss medications, which could affect sales if these trends change.

AI Analysis | Feedback

Intensified competition from well-funded vertical farming companies, such as Local Bounti, BrightFarms, and Gotham Greens, which are rapidly expanding operations, securing significant capital, and forming partnerships with major retailers to supply similar hydroponic, organic, and sustainable fresh produce. This directly threatens Edible Garden's market share and ability to secure and retain grocery store shelf space for its products.

AI Analysis | Feedback

Edible Garden (symbol: EDBL) operates within several addressable markets related to controlled environment agriculture (CEA) and specialty food products.

Controlled Environment Agriculture (CEA) / Hydroponic Produce

The global Controlled Environment Agriculture (CEA) market, which encompasses the growing of organic leafy greens, lettuces, and herbs using sustainable practices, was valued at approximately $51.9 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 14% between 2024 and 2032. Another estimate places the global CEA market at $87.19 billion in 2024, with an expected increase to $271.01 billion by 2032, growing at a CAGR of 15.23% from 2025 to 2032. North America holds a significant share of this market, accounting for around 35% in 2023 and projected to reach 36.5% by 2035.

More specifically:

  • Global Hydroponic Lettuce Market: This market was valued at $2.18 billion in 2024 and is expected to reach $5 billion by 2035, with a CAGR of around 7.8% from 2025 to 2035. Another source indicates a global hydroponic lettuce market size of $860 million in 2025, projected to reach $2,010.6 million by 2033, with a CAGR of 9.1%.
  • U.S. Hydroponics Market: The market in the United States was valued at $3.16 billion in 2024 and is anticipated to reach $9.53 billion in 2033, growing at a CAGR of 13.05% from 2025 to 2033.
  • Global Leafy Greens Market: This market was valued at $83.95 billion in 2024 and is projected to grow to $148.20 billion by 2035, at a CAGR of 5.30% from 2025 to 2035.

Potted Herbs

The global potted herbs market, which includes products such as basil, cilantro, parsley, and rosemary offered by Edible Garden, was valued at approximately $1.2 billion in 2024 and is expected to increase to $1.93 billion by 2033, expanding at a CAGR of 5.4% from 2025 to 2033. Another report estimates the global potted herbs market at $1.5 billion in 2023, with a projection to reach around $2.8 billion by 2032, growing at a CAGR of 7.2%. North America holds a significant share in this market and is expected to grow at a steady CAGR of approximately 5.6%.

The U.S. fresh herbs market specifically generated a revenue of $951.9 million in 2024 and is expected to reach $1,541.9 million by 2030, with a CAGR of 8.4% from 2025 to 2030.

Microgreens

The U.S. microgreens market is a segment within specialty greens that Edible Garden may address. This market was valued at $1.74 billion in 2024 and is projected to reach approximately $3.90 billion by 2032, demonstrating a CAGR of 10.60% from 2025 to 2032. Another estimate for the U.S. microgreens market places its value at $0.59 billion in 2025, with a projection to reach $0.92 billion by 2030, advancing at a 9.3% CAGR. Furthermore, the U.S. microgreens market generated $638.4 million in revenue in 2023 and is expected to reach $1,409.0 million by 2030, growing at a CAGR of 12% from 2024 to 2030.

Nutrition and Specialty Food Products

Edible Garden's offerings also extend to nutrition and specialty food products:

  • Global Sports Nutrition Market: The market for sports nutrition, which includes products like Edible Garden's Kick. Sports Nutrition line and protein powders, is expected to grow from $55 billion in 2023 to $103 billion by 2032.
  • Global Sauces and Condiments Market: The broader sauces and condiments market, relevant to Edible Garden's Pulp gourmet and chili-based sauces, is projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Edible Garden (EDBL) over the next 2-3 years:

  1. Expansion of Core Herb Business and Retail Partnerships: Edible Garden is strategically expanding its distribution of USDA Organic herbs to new retail partners, such as The Fresh Market, reinforcing its commitment to broadening access to sustainably grown herbs across the country. The company has also shown a 55% increase in sales of cut herbs for the first nine months of 2024 compared to 2023, indicating strong momentum in its core business. This expansion includes leveraging existing retail relationships and adding new ones, which is expected to drive continued growth.
  2. Launch and Growth of New Product Lines: The company is focused on introducing and expanding innovation-driven products. Key examples include the launch of its Kick Sports Nutrition line on Amazon, aimed at health-conscious athletes seeking cleaner options, and the debut of USDA Certified Organic Hydroponic Basil. Edible Garden also offers other specialty food products like Pulp gourmet and chili-based sauces and Pickle Party pickles and krauts. These new product introductions and their anticipated growth in retail and e-commerce channels are significant revenue drivers.
  3. International Expansion through Acquisitions: A major driver is the proposed acquisition of Narayan Group, a European producer of organic coconut and superfood products. This acquisition is anticipated to be transformative, expanding Edible Garden's international footprint and diversifying its product offerings into new markets.
  4. Strategic Focus on High-Margin Categories and Vertical Integration: Edible Garden has made a strategic decision to exit lower-margin product lines, such as floral and lettuce, to concentrate on higher-margin categories. This shift, combined with increased vertical integration, enhances operational efficiency, reduces reliance on third-party growers, and improves gross profit margins, which is expected to lead to sustainable revenue growth and profitability.

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Share Issuance

  • Edible Garden completed a 1-for-25 reverse stock split on March 3, 2025, following a 1-for-20 reverse stock split on April 5, 2024, and a 1-for-30 reverse stock split on January 26, 2023.
  • On October 16, 2025, the company received $4.2 million in gross cash proceeds from the immediate exercise of 2,021,571 existing warrants and issued 4,043,142 new unregistered warrants as an inducement, both at an exercise price of $2.06 per share.
  • On May 21, 2025, Edible Garden facilitated the exercise of existing Class A and Class B warrants at a reduced price of $3.50 per share for cash and issued new unregistered warrants to purchase up to 1,999,200 shares of common stock at the same exercise price.

Inbound Investments

  • On October 30, 2025, Edible Garden received preliminary approval from the New Jersey Economic Development Authority (NJEDA) to transfer up to $3.35 million of its unused net operating losses and R&D tax credits, which could generate non-dilutive cash for working capital, R&D, and growth initiatives upon sale.
  • As part of the acquisition of NaturalShrimp assets on May 14, 2025, an affiliate of NaturalShrimp agreed to purchase $3.5 million of Edible Garden's preferred stock for cash, with $3 million funded immediately, contributing to a total preferred stock investment of $15.5 million.

Outbound Investments

  • On May 14, 2025, Edible Garden acquired certain assets of NaturalShrimp Farms Inc., a sustainable aquaculture company, for $12 million in a new class of its preferred stock. This acquisition included two patents for water treatment technologies and a shrimp farming facility, aimed at expanding R&D and warehousing.
  • On January 13, 2025, Edible Garden announced a non-binding letter of intent to acquire Narayan Group, a producer of organic coconut and superfood products, with the consideration involving the issuance of Edible Garden common stock to Narayan shareholders to expand product offerings and market reach.

Capital Expenditures

  • Capital expenditures in the last 12 months amounted to -$269,000.
  • Edible Garden focuses capital expenditures on its state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan.
  • The company completed an additional production line at its Heartland facility in Grand Rapids, Michigan, as of October 28, 2025.

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Financials

EDBLVFFLOCLVITLGRWGHYFMMedian
NameEdible G.Village .Local Bo.Vital Fa.GrowGene.Hydrofarm 
Mkt Price0.663.422.2029.251.491.641.92
Mkt Cap0.00.40.01.30.10.00.1
Rev LTM1338946712161146154
Op Inc LTM-132-6680-35-52-24
FCF LTM-1243-48-19-7-8-10
FCF 3Y Avg-1010-13217-5-2-4
CFO LTM-1154-2643-6-7-7
CFO 3Y Avg-919-3346-21-0

Growth & Margins

EDBLVFFLOCLVITLGRWGHYFMMedian
NameEdible G.Village .Local Bo.Vital Fa.GrowGene.Hydrofarm 
Rev Chg LTM-10.8%49.3%31.6%23.6%-19.7%-26.8%6.4%
Rev Chg 3Y Avg4.3%12.2%55.8%29.4%-19.7%-27.5%8.3%
Rev Chg Q9.0%21.5%19.1%37.2%-5.5%-33.3%14.1%
QoQ Delta Rev Chg LTM1.9%3.1%4.4%8.2%-1.7%-9.1%2.5%
Op Mgn LTM-102.1%0.4%-143.9%11.2%-21.9%-35.8%-28.8%
Op Mgn 3Y Avg-80.3%-4.3%-205.4%9.3%-19.6%-27.1%-23.4%
QoQ Delta Op Mgn LTM-14.9%4.6%6.0%0.9%5.1%-5.7%2.7%
CFO/Rev LTM-86.8%13.9%-56.5%6.0%-3.8%-5.1%-4.4%
CFO/Rev 3Y Avg-70.6%4.8%-98.9%7.9%-1.3%-0.4%-0.8%
FCF/Rev LTM-92.1%10.9%-104.1%-2.7%-4.2%-5.7%-4.9%
FCF/Rev 3Y Avg-76.0%2.1%-420.0%3.3%-2.9%-1.8%-2.3%

Valuation

EDBLVFFLOCLVITLGRWGHYFMMedian
NameEdible G.Village .Local Bo.Vital Fa.GrowGene.Hydrofarm 
Mkt Cap0.00.40.01.30.10.00.1
P/S0.21.01.11.80.60.10.8
P/EBIT-0.142.8-0.715.6-2.2-0.1-0.1
P/E-0.118.1-0.421.6-2.2-0.1-0.1
P/CFO-0.27.1-1.930.6-14.4-1.0-0.6
Total Yield-748.3%5.5%-246.5%4.6%-44.9%-851.8%-145.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-11,973.3%-1.3%-714.7%1.3%-5.3%-52.1%-28.7%
D/E1.80.19.80.00.421.21.1
Net D/E1.3-0.19.7-0.1-0.219.80.6

Returns

EDBLVFFLOCLVITLGRWGHYFMMedian
NameEdible G.Village .Local Bo.Vital Fa.GrowGene.Hydrofarm 
1M Rtn-37.2%-14.9%-6.0%-12.4%-16.3%-8.9%-13.6%
3M Rtn-62.9%3.0%-29.5%-26.7%-11.3%-44.6%-28.1%
6M Rtn-74.5%147.8%-17.0%-20.8%40.6%-60.0%-18.9%
12M Rtn-90.6%370.2%2.8%-35.0%-0.7%-71.5%-17.8%
3Y Rtn-100.0%112.4%-82.6%65.3%-65.1%-90.4%-73.8%
1M Excs Rtn-46.6%-19.4%-17.1%-11.2%-32.8%-34.8%-26.1%
3M Excs Rtn-68.0%-1.4%-38.8%-32.2%-13.3%-45.1%-35.5%
6M Excs Rtn-84.7%146.9%-23.9%-32.0%38.8%-72.4%-28.0%
12M Excs Rtn-104.6%358.4%-9.3%-48.1%-19.3%-88.8%-33.7%
3Y Excs Rtn-174.8%57.8%-159.7%16.8%-139.6%-162.2%-149.7%

Financials

Price Behavior

Price Behavior
Market Price$0.66 
Market Cap ($ Bil)0.0 
First Trading Date05/05/2022 
Distance from 52W High-91.2% 
   50 Days200 Days
DMA Price$1.08$1.97
DMA Trenddowndown
Distance from DMA-38.7%-66.6%
 3M1YR
Volatility135.8%1,677.8%
Downside Capture483.32178.74
Upside Capture-153.74-89.93
Correlation (SPY)5.3%-8.5%
EDBL Betas & Captures as of 12/31/2025

 1M2M3M6M1Y3Y
Beta-6.110.131.071.16-7.35-3.09
Up Beta-16.031.951.451.270.470.65
Down Beta-12.45-2.732.001.63-14.91-9.66
Up Capture-792%-282%-175%-84%-41%-4%
Bmk +ve Days11233772143431
Stock +ve Days816274589286
Down Capture528%359%276%256%129%113%
Bmk -ve Days11182755108320
Stock -ve Days14243570144433

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date12312025
Short Interest: Shares Quantity173,836
Short Interest: % Change Since 12152025-9.3%
Average Daily Volume184,742
Days-to-Cover Short Interest1
Basic Shares Quantity2,934,311
Short % of Basic Shares5.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/14/2025-2.2%-20.1%-11.2%
8/14/2025-5.8%-19.1%-22.6%
3/31/2025-30.0%-34.9%-45.2%
11/13/2024-12.0%-9.5%-8.1%
7/24/20243.0%-1.5%-12.9%
4/1/20249.2%20.3%-18.4%
11/13/2023-16.2%-29.2%-20.8%
8/10/202327.8%11.2%-27.8%
...
SUMMARY STATS   
# Positive520
# Negative6911
Median Positive9.2%15.8% 
Median Negative-14.1%-19.1%-20.8%
Max Positive27.8%20.3% 
Max Negative-31.8%-44.7%-53.1%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/14/202510-Q (09/30/2025)
06/30/202508/14/202510-Q (06/30/2025)
03/31/202505/15/202510-Q (03/31/2025)
12/31/202404/01/202510-K (12/31/2024)
09/30/202411/13/202410-Q (09/30/2024)
06/30/202408/14/202410-Q (06/30/2024)
03/31/202405/15/202410-Q (03/31/2024)
12/31/202304/01/202410-K (12/31/2023)
09/30/202311/13/202310-Q (09/30/2023)
06/30/202308/10/202310-Q (06/30/2023)
03/31/202305/15/202310-Q (03/31/2023)
12/31/202203/22/202310-K (12/31/2022)
09/30/202211/10/202210-Q (09/30/2022)
06/30/202208/15/202210-Q (06/30/2022)
03/31/202206/21/202210-Q (03/31/2022)
12/31/202005/06/2022424B4 (12/31/2020)

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kras, James EPresident and CEODirectBuy10520260.553,7002,0504,054Form
2Kras, James EPresident and CEODirectBuy60920252.681,4503,8828,612Form
3Kras, James EPresident and CEODirectBuy60920252.624001,0499,487Form
4Kras, James EPresident and CEODirectBuy60520253.073259985,425Form