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Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), organic, sustainable and locally grown plant-based products, has announced today that it has entered into a Product Development Agreement (“Agreement”) with Nutracom, an established and trusted contract developer and manufacturer of nutritional products, based in Chesterfield, Missouri. Nutracom operates a state-of-the-art GMP laboratory and a 100,000 square foot cGMP certified packaging, distribution and warehousing facility.
Under the agreement, the parties plan to develop proprietary lines of Farm to Formula® nutraceuticals and other food products, which will be distributed through the Edible Garden platform. New product lines are expected to include vitamins, plant and whey proteins, and other products using next-generation plant-based ingredients grown and obtained using sustainable methods.
Mr. Jim Kras, Managing Director of Edible Garden, said, “We are delighted to embark on this project with Nutracom, given their decades of experience in developing and manufacturing nutritional products using food ingredients from the highest quality. Specifically, we look forward to launching new lines of nutraceuticals, plant-based proteins and other Zero-Waste Inspired™ products that utilize every part of the plant. Our plan is to develop the best and most effective products that harness the full power of the plant. Personally, I have a long history of working with Nutracom dating back to my tenure with Nature’s Bounty, and I look forward to working with them again on this important initiative.
“Nutracom also brings state-of-the-art manufacturing, centrally located in the Midwest and close to key customers. Their automated, climate-controlled facility will help ensure cost-effective shipping and fresh produce, consistent with Edible Garden’s approach. Importantly, this agreement will allow us to pioneer the marriage of controlled-environment agricultural production (CEA) with consumer-friendly extraction processes, to create efficient and sustainably grown products.
Brett Hastings, CEO of Nutracom, added, “We couldn’t be more excited to partner with Edible Garden given their strong brand, which resonates extremely well with health-conscious consumers. Additionally, they bring an established and growing distribution network with mass merchandisers and independent retailers nationwide. We believe our R&D and manufacturing capabilities, coupled with Edible Garden’s growing reputation and impressive track record, will result in exciting new product lines that tap into explosive consumer demand for healthy, sustainably produced products. .