$EDBLAug 14, 2026, 11:30 AMAI processed
EDBL Q2 2026: Revenue +12.8% YoY, sales +31.2%; completes RTD prototype, advances Prairie Hills
AI Summary
Edible Garden (NASDAQ: EDBL, EDBLW) reported Q2 2026 revenue of $3.6M, up 12.8% year-over-year with total sales +31.2% as cut herb sales rose 42% and retail placements expanded (Kroger, Target, Weis, Walmart, Wakefern). The company completed prototype RTD production at Tetra Pak and is advancing its Prairie Hills manufacturing project (targeting >100M annual beverage units) as it pivots toward RTD/clean-nutrition commercialization; SG&A fell ~21.5% and net loss narrowed to $3.3M, though long-term debt rose materially and cash on hand was limited.
Positives
- Revenue grew 12.8% YoY to $3.6M and total sales increased 31.2% in Q2 2026
- Completed RTD prototype production at Tetra Pak and advancing Prairie Hills facility targeting >100M annual beverage units
- Selling, general & administrative expenses fell ~21.5% and net loss improved to $3.3M from $4.0M
Negatives
- Company remains unprofitable with a Q2 net loss of $3.3M
- Long-term debt increased sharply to about $12.2M (from $0.2M year‑ago level)
- Cash on hand was low at $0.66M at quarter end