Company overview

Edible Garden AG Incorporated’s core business is supplying fresh herbs to supermarkets and food distributors. It grows herbs in its own greenhouses and buys produce from contract growers, then picks, packs and ships products to retail distribution centers. Customers include Meijer, Walmart and Target. Retailers pay for delivered products rather than for the growing capacity itself.

The company also sells packaged foods, including Vitamin Whey and Vitamin Way nutrition products, Pulp sauces and Pickle Party fermented vegetables. Third-party manufacturers make its non-perishable products to its specifications and ship them to retailers; some products also reach consumers through e-commerce. Edible Garden also supplies private-label products and makes packaged goods for other brands.

Most revenue comes from a handful of customers, with one accounting for a particularly large share. Most customers order without long-term purchase commitments. Meijer has supply agreements with annually negotiated prices, but can terminate them without cause. Because growing begins before orders arrive and fresh herbs spoil quickly, the business depends on matching production to demand and delivering on time.

Edible Garden is expanding beyond fresh produce and plans to manufacture ready-to-drink beverages, but that facility remains a development project dependent on financing, a final equipment agreement and regulatory approvals. Its existing food operations must also meet food-safety and labeling rules, with additional certification requirements for products marketed as organic.