Edible Garden AG Incorporated EDBL shares traded higher on Friday after the company disclosed that it has received grants from the U.S. Department of Agriculture’s Organic Certification Program, which is managed by the Farm Service Agency.
These funds aim to reimburse organic producers and handlers, providing financial assistance to help offset the costs of organic certification and processing/handling certifications.
Jim Kras, Chief Executive Officer of Edible Garden, said, “These grants further strengthen our partnership with the USDA and align seamlessly with the Company’s Zero-Waste Inspired® mission.”
”By utilizing this funding to drive R&D for new organic offerings, we look forward to exploring new opportunities to work together, and continue to lead the way in sustainable agriculture, ensuring we make a lasting, positive contribution to the industry and the communities we serve.”
This month, Edible Garden expanded its distribution partnership with Walmart to include the launch of sustainably grown Hydro Basil.
To facilitate this addition, Edible Garden has created a custom-designed Basil Station display that fits into Walmart’s produce sections without disrupting existing planograms.
Price Action: EDBL shares are up 17.3% at $0.2508 at the last check Friday.
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