Edible Garden to Launch GLP-1 Support Products
Edible Garden has announced it will introduce a new line of clean-label products designed to support individuals using GLP-1 medications. The "JEALOUSY GLP-1 Support System" will focus on fiber, vitality, and protein. The company will also unveil new innovations for its Kick. Sports Nutrition® brand at the upcoming ECRM Total Wellness Session.
- The "JEALOUSY" product line includes specific formulations for fiber, hair, skin & nails, and protein to address common needs of GLP-1 users. - Edible Garden is a controlled environment agriculture (CEA) company that primarily grows organic, sustainable produce and is leveraging its "Farm to Formula®" approach for these new wellness products. - The global market for GLP-1 receptor agonists was valued at $24.4 billion in 2023 and is projected to grow, with some estimates suggesting it could reach over $200 billion by 2033. - The announcement was made at the ECRM Total Wellness Session in Rosemont, Illinois, an event designed to connect brands with major retail buyers from grocery, drug, e-commerce, and specialty channels. - Jim Kras, CEO of Edible Garden since March 2020, has a background in brand development at consumer product companies like The Nature's Bounty Co. and Ajinomoto. - In addition to the GLP-1 support line, the company also launched new flavors for its Kick. Sports Nutrition® brand: an Iced Coffee protein powder and a White Peach pre- and post-workout formula. - Publicly traded on Nasdaq under the ticker EDBL, the company recently enacted a 1-for-10 reverse stock split to support compliance with the exchange's requirements. - Financially, Edible Garden reported a trailing twelve-month revenue of $12.55 million with a net margin of -115.44%, indicating significant losses.
