Edible Garden Secures 190 Hannaford Store Launch and Plans 1-for-10 Split
Edible Garden launched its Gourmet Greens hydroponic basil in Hannaford’s 190 Northeast stores, using proprietary CEA systems to extend shelf life and cut waste. It will implement a 1-for-10 reverse stock split on February 3 to meet Nasdaq listing rules and boost its trading profile without altering shareholder ownership.
1. Edible Garden Expands Branded Hydroponic Basil Distribution to Hannaford
Edible Garden AG has launched its Gourmet Greens Hydroponic Basil in nearly 190 Hannaford Supermarkets across six states in the Northeast – Maine, New Hampshire, Vermont, Massachusetts, New York and Connecticut. This rollout builds on an existing supply relationship and is expected to add approximately 25 metric tons of basil volume annually to Edible Garden’s output. The basil is grown in the company’s three vertically integrated greenhouses, operated under strict safety-in-farming protocols and powered by proprietary GreenThumb 2.0 software, which the company says delivers up to 15% yield improvement per cycle and extends shelf life by up to 40% compared with conventional field-grown basil. Edible Garden expects this regional expansion to contribute incremental branded product revenue of $3–4 million in fiscal 2026 and to reduce shrink rates for Hannaford by 30%, enhancing in-store performance and consumer satisfaction.
2. Edible Garden Implements 1-for-10 Reverse Stock Split to Maintain Nasdaq Compliance
Effective February 3, 2026, Edible Garden will combine every ten outstanding common shares into one share as approved at its September 2025 annual meeting. The reverse split, designed to satisfy Nasdaq listing requirements, will not alter the company’s total authorized shares or any stockholder’s percentage ownership. A new CUSIP (28059P501) will be assigned, and all outstanding warrants and equity awards will be adjusted proportionately. Management anticipates that the higher post-split trading price will attract new institutional interest, reduce volatility and lower bid-ask spreads, thereby improving liquidity and supporting Edible Garden’s strategic focus on scaling controlled environment agriculture operations and branded product distribution.