Edible Garden AG Sees 22.9% Revenue Growth to $3.3M, Expands to 6,000 Stores
Edible Garden AG's Q1 revenue climbed 22.9% to $3.3 million on expansion to over 6,000 retail locations, including Target, Safeway and The Fresh Market; international sales rose 50%. Operating expenses hit $10 million from $5.6 million, widening net loss to $3.7 million as RTD products target a late 2027 launch.
1. Q1 Financial Results
Edible Garden AG reported Q1 revenue of $3.3 million, up 22.9% year-over-year, driven by a 46% increase in its Cutter business and a 50% rise in international sales.
2. Retail and International Expansion
The company expanded its retail distribution to more than 6,000 locations with new accounts including Kroger, Weiss Markets, Target, Safeway and The Fresh Market, broadening its clean-label product reach.
3. Cost Trends and Profitability
Operating expenses climbed to $10 million from $5.6 million due to higher cost of goods sold and increased depreciation and amortization, resulting in a net loss of $3.7 million versus $3.3 million last year.
4. RTD Strategy and Timeline
Edible Garden AG is advancing its ready-to-drink platform using Tetra Pak solutions and McCormick co-manufacturing, with retailers expressing strong interest and product launches expected in late 2027 or early 2028.