secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001477932-24-007056
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden Q3 gross profit margin expands 27%; cut herb sales up 55% YTD
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- Q3 revenue $2.6M vs $3.3M prior year; revenue down due to shift from low-margin lettuce and floral.
- Net loss improved to $2.1M ($0.65/sh) from $2.4M ($13.83/sh); gross profit up 324% YTD.
- Raised $5.65M in September offering; paid down $3.2M of debt due 2025.
- Walmart partnership expands: Hydro Basil display, Vitamin Whey on Walmart Marketplace.
- CEO expects Q4 2024 to be one of strongest quarters with significant revenue and margin growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224007056/0001477932-24-007056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224007056/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-007056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer