secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001477932-23-005860
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden Q2 revenue up 41.4% to $4.2M; gross profit soars 168%
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- Revenue $4.2M (+41.4% YoY); herbs/produce/floral up 41.7%, plant-based supplements up 39.3%.
- Gross profit climbed 168% YoY; net loss narrowed to $0.638M ($0.24 loss per share) from $4.8M.
- Expanded Walmart distribution to Northeast and East South Central stores; added SKUs.
- Edible Garden Heartland facility (up to $20M annualized revenue) shipping since Q2 start.
- Reaffirms target of positive quarterly cash flow from operations before year-end 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223005860/0001477932-23-005860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223005860/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-005860

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