Edible Garden AG Incorporated (NASDAQ: EDBL) shares were flat Friday. The Belvidere, New Jersey-based company, a leader in controlled environment agriculture, organic and sustainable produce, and developer of the Zero-Waste Inspired® mission and Farm-to-Formula® platform, announced that it has entered into a commercial supply agreement and strategic partnership with Caney Fork Farms, a certified organic, regenerative farm in Carthage, Tenn.
The agreement establishes Caney Fork Farms as an important production and supply partner for Edible Garden. Under the agreement, selected agricultural production activities will transition to Caney Fork Farms, providing Edible Garden with a more flexible supply model that can scale with customer demand.
The collaboration is expected to improve Edible Garden’s operating efficiency and reduce certain resources required to support internally managed growing activities within its core herb business. The transition begins in the fourth quarter of 2026 and is expected to be substantially complete during 2027.
Once it is fully implemented, the Company expects it to reduce production costs associated with the transitioned growing activities by more than 12%, raising gross margin on that production from approximately 4% to over 19%.
“This agreement represents an important evolution in Edible Garden’s operating model and sustainability strategy,” said Edible Garden CEO Jim Kras.
“Caney Fork Farms brings exceptional knowledge of certified organic and regenerative agriculture, together with a commitment to scientific research and environmental stewardship that closely aligns with our mission.”
EDBL shares stepped back five cents, or 5.9%, to 80 cents.
