The latest award builds on two previously announced distribution center wins and is expected to broaden the availability of Edible Garden products across additional Walmart stores in the Eastern Midwest, further expand the Company’s regional retail reach and advance its transition toward a scalable, distribution model designed to improve product freshness, fulfillment efficiency and supply-chain economics.

The third distribution center award further expands Edible Garden’s Midwest footprint and is expected to provide the Company with access to additional Walmart stores and opportunities to increase fresh herb volume. Supported by Edible Garden Heartland in Grand Rapids, Michigan, and Edible Garden Prairie Hills in Webster City, Iowa, the Company believes its growing distribution footprint can enable it to leverage its existing Midwest operations more effectively as volume increases, while providing a foundation to pursue additional stores, products and regional opportunities with Walmart and other major retailers.

"Securing another Walmart distribution center award represents meaningful continued progress in the expansion of our fresh herb business," said Jim Kras, Chief Executive Officer of Edible Garden. "Each additional award broadens our reach and gives us the opportunity to serve more Walmart stores while leveraging our existing operations more effectively. We are especially encouraged by the pace at which our distribution footprint with Walmart is expanding. We believe this growing relationship demonstrates the strength of our fresh herb platform and provides us with additional opportunities to increase volume, improve operating leverage and support continued growth across our broader food and nutrition business."

The latest award further strengthens Edible Garden’s retail distribution footprint as the Company continues to expand beyond its core fresh produce business into higher-margin food and nutrition categories. Edible Garden believes the continued growth of its relationships with major retailers can provide additional opportunities over time to introduce products developed through its Farm-to-Formula® platform across an increasingly broad retail network.