Edible Garden Receives Grant from Michigan’s Going PRO Talent Fund; Awarded by the Michigan Department of Labor and Economic Opportunity - Workforce Development
January 06 2025 - 7:30AM
Edible Garden AG Incorporated (“Edible Garden” or the
“Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled
environment agriculture (CEA), locally grown, organic and
sustainable produce and products, today announced that the Company
has received a grant from the Going PRO Talent Fund, awarded by the
Michigan Department of Labor and Economic Opportunity - Workforce
Development (LEO-WD), facilitated through Michigan Works!. The
Going PRO Talent Fund (“Talent Fund”) provides financial support to
employers for the training, development, and retention of both
current and newly hired employees. Eligible training must address a
specific talent need identified by the employer, be short-term in
nature, and result in an industry-recognized credential for a
transferable skill. This initiative empowers businesses to
strengthen their workforce while enhancing employees’ professional
growth and career prospects.
“We are pleased to have been awarded a 2025
Going PRO Talent Fund Grant for our Edible Garden Heartland
facility in Grand Rapids, Michigan,” said Jim Kras, Chief Executive
Officer of Edible Garden. “This funding will be instrumental in
advancing our workforce development efforts by enhancing employee
skills, creating pathways for internal growth, and supporting the
professional success of our team members. The grant will reimburse
the Company for essential training in areas such as quality
control, facilities management, and production and inventory
oversight. Additionally, it will cover on-the-job training for new
hires in key roles like Assistant Grower. This initiative
underscores our continued focus on optimizing supply chain
management at our Heartland facility. By leveraging our proprietary
GreenThumb greenhouse agriculture technology, we have already
achieved greater supply chain efficiency, resulting in higher
shipping and fill rates, as well as substantial sales growth. This
grant will allow us to further strengthen our team’s expertise and
drive operational excellence.”
ABOUT EDIBLE GARDEN®Edible
Garden AG Incorporated is a leader in controlled environment
agriculture (CEA), locally grown, organic, and sustainable produce
and products backed by Zero-Waste Inspired® next generation
farming. Offered at over 5,000 stores in the US, Edible Garden is
disrupting the CEA and sustainability technology movement with its
safety-in-farming protocols, use of sustainable packaging, patented
GreenThumb software and self-watering in-store displays. The
Company currently operates its own state-of-the-art greenhouses and
processing facilities in Belvidere, New Jersey and Grand Rapids,
Michigan, and has a network of contract growers, all strategically
located near major markets in the U.S. Its proprietary GreenThumb
2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US
11,830, 088 B2) software optimizes growing in vertical and
traditional greenhouses while seeking to reduce
pollution-generating food miles. Its proprietary patented (U.S.
Patent No. D1,010,365) Self-watering display is designed to
increase plant shelf life and provide an enhanced in-store plant
display experience. Edible Garden is also a developer of
ingredients and proteins, providing an accessible line of plant and
whey protein powders under the Vitamin Way® and Vitamin Whey®
brands. In addition, the Company’s Kick Sports Nutrition line
features premium performance products that cater to today’s
health-conscious athletes. Furthermore, Edible Garden offers a line
of sustainable food flavoring products such as Pulp gourmet sauces
and chili-based products. For more information on Pulp products go
to https://www.pulpflavors.com/. For more information on Vitamin
Whey® products go to https://vitaminwhey.com/. For more information
on Edible Garden go to https://ediblegardenag.com/.
Forward-Looking StatementsThis
press release contains forward-looking statements, including with
respect to the Company’s growth strategies, the Company’s ability
to improve its financial results, and performance as a public
company. The words “believe,” “design,” “expect,” “intend,”
“objective,” “seek,” “strategy,” “will,” and similar expressions
are intended to identify forward-looking statements. These
forward-looking statements are subject to a number of risks,
uncertainties, and assumptions, including market and other
conditions, the Company’s ability to achieve its growth objectives,
and other factors set forth in the Company’s filings with the
Securities and Exchange Act Commission, including the Company’s
annual report on Form 10-K for the year ended December 31, 2023,
and subsequent quarterly reports. Actual results might differ
materially from those explicit or implicit in the forward-looking
statements. The Company undertakes no obligation to update any such
forward-looking statements after the date hereof to conform to
actual results or changes in expectations, except as required by
law.
Investor Contacts:Crescendo Communications,
LLC212-671-1020EDBL@crescendo-ir.com
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