Edible Garden AG , Inc. ( (EDBL) ) has released its Q4 earnings. Here is a breakdown of the information Edible Garden AG , Inc. presented to its investors.
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Edible Garden AG Incorporated is a leader in controlled environment agriculture, focusing on locally grown, organic, and sustainable produce, with a commitment to innovation and sustainability in the food industry. The company reported a significant 181.3% increase in gross profit for 2024, driven by a strategic focus on its core herb business and operational efficiency. Despite a slight decrease in total revenue due to exiting lower-margin product lines, the core herb business saw a 16.3% growth, contributing to improved profitability and operational efficiency. The company also strengthened its balance sheet through disciplined cost management and a successful capital raise, enhancing its financial flexibility. Looking forward, Edible Garden aims to accelerate growth and profitability by expanding its product offerings and retail footprint, while continuing to focus on innovation and sustainability.