Exciting Ag Company Soars On New Initiative Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, April 3, 2024

A New Jersey-based ag company made major waves on Wednesday after the company announced a new initiative aimed at the vertical integration of its facility in Grand Rapids, Michigan, which would allow the company to shift production of its potted herbs from contract-growers to in-house productions.

Traders were extremely optimistic on the news as they quickly bought up shares of Edible Garden AG Incorporated (Nasdaq:EDBL), pushing shares of the micro cap up to $0.48/share (+49.07%) at the session high. This move is the first proof of life in this stock in months as it has been riding a year-long downtrend, so perhaps this is an indication of things to come.

Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.

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