Edible Garden Reports 22.9% Q1 Revenue Growth and Positive Cash Flow, Advances RTD With Tetra Pak

Overview

• First-quarter revenue rose 22.9% to $3.3 million, with international sales up about 50% on wider distribution.
• Operating cash flow turned positive at $251,000, despite higher costs.
• Operating expenses increased due to higher cost of goods and depreciation, and management said cost discipline will be a focus.
• Cut herb sales jumped 46% year over year, highlighting strength in the core produce line.
• The company is developing a shelf-stable ready-to-drink line with Tetra Pak that has retailer interest but is not yet in market.