Edible Garden Wins Another Walmart Distribution Deal
Edible Garden AG Incorporated (NASDAQ: EDBL), a leader in controlled environment agriculture, has been awarded fresh-cut herb business through an additional Walmart (NYSE: WMT) distribution center serving the Upper Midwest. This deal builds upon the Company's recent expansion with Walmart in the Mid-Atlantic region and extends Edible Garden's growing retail presence into the new area.
The award will be serviced by Edible Garden Heartland in Grand Rapids, Michigan, further diversifying the facility's customer base while supporting the Company's strategy of creating a more centralized, scalable, and efficient distribution network. CEO Jim Kras said, 'This award represents another important expansion of our relationship with Walmart and establishes an additional supply-chain position for Edible Garden in the Upper Midwest.'
The Company believes this award has the potential to increase fresh-cut herb volume and improve operating efficiencies as demand grows, while providing a foundation for Edible Garden to pursue additional stores, products, and regional opportunities with Walmart and other major retailers.