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Edible Garden AG , Inc.
(NASDAQ:EDBL)
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Rating:41Neutral
Price Target:
$3.00
▼(-4.46% Downside)
Action:Reiterated
Date:07/28/26
The score is held down primarily by weak financial performance (deep losses and negative cash flow in the provided statements) and a strong negative technical trend (price far below key moving averages). Offsetting factors include some earnings-call evidence of revenue growth and strategic progress, but this is tempered by rising expenses, continued losses, limited valuation support due to unprofitability, and added risk from the Nasdaq delisting notice.
Positive Factors
Retail footprint & category growth
A 6,000+ store footprint across major retailers and expanding category mix (cut herbs, vitamins, condiments) creates durable distribution scale. Broad retail placement supports recurring volume, bargaining leverage with buyers, and the ability to introduce higher‑margin SKUs over the next several quarters.
Negative Factors
Persistent operating losses
Sustained wide operating losses and negative gross/EBITDA margins indicate the core business lacks a viable cost structure. Unless margins recover via mix shift or cost reductions, the company will need continual external capital, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Retail footprint & category growth
A 6,000+ store footprint across major retailers and expanding category mix (cut herbs, vitamins, condiments) creates durable distribution scale. Broad retail placement supports recurring volume, bargaining leverage with buyers, and the ability to introduce higher‑margin SKUs over the next several quarters.
Read all positive factors
Edible Garden AG , Inc. (EDBL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.49M
Dividend YieldN/A
Average Volume (3M)37.91M
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth-0.07%
EPS Growth81.57%
CountryUS
Employees94
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-109.64
Shares Outstanding639,834
10 Day Avg. Volume106,899,783
30 Day Avg. Volume37,905,923
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)6.30
Price to Sales (P/S)6.15
P/FCF Ratio-6.33
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-679.5
Revenue Forecast (FY)$21.12M
Edible Garden AG , Inc. Business Overview & Revenue Model
Company Description
Edible Garden AG Incorporated, together with its subsidiaries, operates as a controlled environment agriculture company, cultivating fresh produce within optimized indoor settings. The company provides a diverse range of packaged products, which i...
How the Company Makes Money
Edible Garden generates revenue primarily by selling (1) produce grown in its controlled-environment greenhouse operations—principally culinary herbs and leafy greens—and (2) packaged food products sold under its brands. The core economics are bas...
Edible Garden AG , Inc. Earnings Call Summary
Earnings Call Date:May 15, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging top-line momentum and strategic progress alongside notable margin, expense and liquidity challenges. Revenue grew strongly (22.9% YoY) with sizable category gains (cut herbs +45.9%, condiments +51%, vitamins +27%, international +50%) and expanded retail reach (6,000+ stores). Management highlighted meaningful progress on the RTD platform (Tetra Pak partnership, McCormick collaboration, co-manufacturing plan) and an improvement in cash flow (positive operating cash flow of ~$251k and cash rising to ~$2.0M). Offsetting these positives were a significant operating expense increase (+$4.4M vs prior year), higher depreciation (~$2.5M) tied to the RTD pivot, a widened net loss (~$3.7M), reliance on a discrete ~$3.4M tax benefit, ongoing working capital deficits, and near-term execution/capacity risk while dependent on co-manufacturing until the company's factory is online. Overall, momentum and strategic direction are constructive, but financial and execution risks temper the outlook.Positive Updates
Revenue Growth
Total revenue increased approximately 22.9% year-over-year to approximately $3.3 million for the quarter (from ~$2.7 million prior year), driven by retail expansion and category growth.
Negative Updates
Operating Expense Increase
Operating expenses rose to $10.0 million for the quarter versus $5.6 million prior year — an increase of $4.4 million — primarily driven by higher cost of goods sold from third-party sourcing and increased depreciation & amortization.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue increased approximately 22.9% year-over-year to approximately $3.3 million for the quarter (from ~$2.7 million prior year), driven by retail expansion and category growth.
Read all positive updates
Company Guidance
The company’s guidance emphasized disciplined execution to “continue scaling revenue” and margin improvement while prioritizing (1) expanding distribution across a retail footprint now exceeding 6,000 locations (Q1 adds included Target, Safeway, Fresh Market, Hannaford, Busch’s and Woodman’s), (2) improving cost structure by transitioning cut‑herb sourcing and focusing on higher‑margin branded categories, and (3) advancing its RTD manufacturing initiative (Tetra Pak integration at Prairie Hills, prototype run mid‑July, co‑manufacturer supply beginning September, own factory targeted late 2027/early 2028); management pointed to Q1 metrics of revenue up ~22.9% YoY to ~$3.3M (vs ~$2.7M), cut herbs +45.9% (~46%), vitamins +27%, condiments +51%, international sales +50%, a product mix today of ~40–50% cut herbs and ~20% vitamins, operating expenses $10.0M (vs $5.6M), depreciation & amortization up ~$2.5M, a discrete income tax benefit of ~$3.4M, net loss of ~$3.7M (vs ~$3.3M), cash of ~$2.0M (up from $1.1M) with positive operating cash flow of ~$251k, and a 98% ship rate — all cited as the foundation for pursuing the RTD opportunity in a global RTD market forecasted to grow from ~$842.5B in 2025 to ~$1.26T by 2033.Edible Garden AG , Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
36
Negative
Cash Flow
10
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.81M | 13.86M | 14.05M | 11.55M | 10.51M |
| Gross Profit | -204.00K | 2.31M | 822.00K | 364.00K | 648.00K |
| EBITDA | -13.12M | -8.67M | -8.22M | -9.38M | -4.10M |
| Net Income | -17.33M | -11.05M | -10.19M | -12.45M | -5.54M |
Balance Sheet | |||||
| Total Assets | 20.60M | 11.91M | 6.66M | 6.96M | 3.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.11M | 3.53M | 510.00K | 110.00K | 31.00K |
| Total Debt | 2.72M | 3.80M | 4.46M | 6.45M | 8.29M |
| Total Liabilities | 8.10M | 7.82M | 6.94M | 9.14M | 11.10M |
| Stockholders Equity | 12.50M | 4.09M | -288.00K | -2.18M | -7.11M |
Cash Flow | |||||
| Free Cash Flow | -12.44M | -8.82M | -9.55M | -11.22M | -4.23M |
| Operating Cash Flow | -11.80M | -8.52M | -8.53M | -9.19M | -4.08M |
| Investing Cash Flow | -987.00K | -303.00K | -1.02M | -2.03M | -151.00K |
| Financing Cash Flow | 10.38M | 11.84M | 9.95M | 11.30M | 4.25M |
Edible Garden AG , Inc. Technical Analysis
Negative
3.14
Price Trends
7.39
Negative
26.75
Negative
226.75
Negative
Market Momentum
-2.03
Negative
28.87
Positive
16.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EDBL, the sentiment is Negative. The current price of 3.14 is below the 20-day moving average (MA) of 3.55, below the 50-day MA of 7.39, and below the 200-day MA of 226.75, indicating a bearish trend. The MACD of -2.03 indicates Negative momentum. The RSI at 28.87 is Positive, neither overbought nor oversold. The STOCH value of 16.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EDBL.
Edible Garden AG , Inc. Risk Analysis
Edible Garden AG , Inc. disclosed 1 risk factors in its most recent earnings report. Edible Garden AG , Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Edible Garden AG , Inc. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
48 Neutral | $22.80M | -0.25 | 43.72% | ― | 21.12% | 76.13% | |
41 Neutral | $1.49M | -0.02 | -139.07% | ― | -0.07% | 81.57% | |
41 Neutral | $4.66M | -0.18 | -368.03% | ― | ― | ― | |
41 Neutral | $17.49M | -0.11 | 612.34% | ― | -84.17% | -742.59% |
* Consumer Defensive Sector Average
EDBL
Edible Garden AG , Inc.
2.33
-1,068.67
-99.78%
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SDOT
Sadot Group
13.25
-156.23
-92.18%
AFRI
Forafric Global
10.71
2.99
38.73%
LOCL
Local Bounti Corporation
1.00
-1.70
-62.96%
Edible Garden AG , Inc. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Edible Garden Restructures Capital Through Equity Exchange
Neutral
Jul 10, 2026
On July 8 and July 9, 2026, Edible Garden AG Inc. entered into exchange agreements with Streeterville Capital LLC to convert a total of 1,134 shares of its Series B preferred stock, with an aggregate stated value of $1,134,000, into 8,203,075 shar...
Stock Split
Edible Garden Announces 1-for-45 Reverse Stock Split
Neutral
Jul 9, 2026
On July 8, 2026, Edible Garden AG Inc. amended its Certificate of Incorporation in Delaware to implement a 1-for-45 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on July 13, 2026. The company’s shares will con...
Executive/Board ChangesPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder MeetingsStock Split
Edible Garden Approves Reverse Split and Governance Measures
Neutral
Jul 1, 2026
On June 22 and June 30, 2026, Edible Garden AG Inc. entered into exchange agreements with Streeterville Capital LLC to swap an aggregate 1,830 shares of Series B preferred stock, with a stated value of $1.83 million, for 11,000,786 shares of commo...
Shareholder Meetings
Edible Garden Adjourns and Reschedules 2026 Annual Meeting
Neutral
Jun 26, 2026
On June 25, 2026, Edible Garden AG Inc. reconvened and then adjourned its 2026 annual meeting of stockholders, and the meeting is scheduled to reconvene virtually on June 30, 2026, at 10:00 a.m. Eastern Time. The record date remains May 6, 2026, t...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Edible Garden Enters New Secured Note Financing Agreement
Neutral
Jun 13, 2026
On June 12, 2026, Edible Garden AG Inc. entered into a note purchase agreement with Streeterville Capital to issue two secured promissory notes with an aggregate purchase price of $12 million, consisting of a $2.17 million A‑1 Note with an 8...
Business Operations and StrategyPrivate Placements and Financing
Edible Garden Executes Preferred-for-Common Stock Exchange Transactions
Neutral
Jun 12, 2026
On May 21, 2026 and June 8, 2026, Edible Garden AG Incorporated entered into exchange agreements with investor Streeterville Capital, LLC to convert a total of 199 shares of its Series B preferred stock, with an aggregate stated value of $199,000,...
Delistings and Listing ChangesRegulatory Filings and Compliance
Edible Garden Faces Nasdaq Delisting Risk, Plans Appeal
Negative
May 29, 2026
On May 27, 2026, Edible Garden AG, Inc. disclosed that it had received a notice from Nasdaq stating the company no longer met the minimum $1 bid price requirement, after its shares traded below that level for at least 30 consecutive business days....
Business Operations and StrategyPrivate Placements and Financing
Edible Garden Restructures Capital Through Preferred Stock Exchange
Neutral
May 21, 2026
On May 15, 2026, Edible Garden AG Inc. entered into exchange agreements with Streeterville Capital to swap 1,222 shares of its Series B preferred stock, with an aggregate stated value of $1,222,000, for 3,253,455 shares of common stock. The exchan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.