Edible Garden AG Inc (EDBL) Stock Price Prediction

Edible Garden AG, Inc. is a controlled environment agriculture (CEA) farming company, which engages in the usage of traditional agricultural growing techniques together with technology to grow organic food. The company is headquartered in Belvidere, New Jersey and currently employs 98 full-time employees. The company went IPO on 2022-05-05. The firm uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs. In its hydroponic greenhouse, it grows plants without soil. In addition to using hydroponic and vertical greenhouse systems, the Company uses a closed loop system in its greenhouses. In its closed loop system, it also cycles water back into the system that has been collected through reverse osmosis. The company has also developed patented software called GreenThumb that assists in tracking plants through its supply chain. The company is a developer of ingredients and proteins, providing a line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. Its products include over 36 types of individually potted, live herbs; 48 types of cut single-herb clamshells; two hydro basil, and others.