Edible Garden AG (NASDAQ:EDBL) stock surged more than 64% on Monday after the company announced a significant expansion of its fresh-cut herb distribution to Walmart Inc. (NASDAQ:WMT) stores across the Mid-Atlantic region. The stock has since pared those gains and is now trading flat.
The company said the new program will increase the availability of its premium fresh-cut herbs at Walmart stores across the region.
It also supports Edible Garden’s strategy of strengthening relationships with national retailers while using its controlled environment agriculture (CEA) network to ensure a reliable year-round supply.
CEO Highlights Growth Strategy And Retail Partnership
Jim Kras, chief executive officer of Edible Garden, said the expanded Walmart distribution marks another milestone in the company’s long-term growth strategy.
He said the broader rollout will make its fresh herbs available to more consumers while strengthening its relationship with the retail giant. Kras added that the expansion reflects confidence in Edible Garden’s business model, ongoing investments in innovation and its ability to serve large national retailers.
He also said the company expects its controlled environment agriculture network and GreenThumb 2.0 technology to support deeper customer relationships, new growth opportunities and long-term shareholder value.
GreenThumb 2.0 Technology Supports Operations
Edible Garden said it will support the expanded distribution through its CEA network and proprietary GreenThumb 2.0 software platform.
The system uses data analytics and precision agriculture to optimize growing conditions, improve product quality and increase operational efficiency.
The company said the platform also supports its Zero-Waste Inspired sustainability strategy by reducing waste and improving resource efficiency.
Initial shipments under the expanded Walmart distribution program are expected to begin in the third quarter of 2026.
What Edible Garden AG Does
Edible Garden is a next-generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food sustainably and safely while improving traceability.
The company utilizes traditional greenhouse structures, such as glass greenhouses, alongside hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
This expansion with Walmart is crucial as it not only broadens consumer access to Edible Garden’s products but also strengthens its relationships with major retailers. The company’s innovative approach and commitment to sustainability position it well in the growing market for organic produce.
EDBL Stock Price Activity: Edible Garden shares were down 2.87% at $3.050 at the time of publication on Monday, according to Benzinga Pro data.
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