Edible Garden Announces Product Development Agreement with Hermann Pickle Company

R&D partnership focused on next-generation fermented product development

Strategy to leverage Edible Garden’s credibility in produce for new product expansion

BELVIDERE, NJ, May 07, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it has entered into a product development agreement (the “Agreement”) with Hermann Pickle Company LLC (“Hermann Pickles”), an industry leading company in the region that specializes in refrigerated kosher dill pickles, sauerkraut and fermented food products based in Garrettsville, Ohio.

Under the Agreement, the parties intend to collaborate on the research and development of scalable commercial opportunities and initiatives to leverage the strengths, and expertise of both parties in the production, marketing, and distribution of fermented plant-based products and non-GMO consumer packaged foods such as fermented sauces, pickles, and sauerkraut products with Hermann Pickles manufacturing expertise and through the Edible Garden distribution platform.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are excited to embark on this joint development project with Hermann Pickles. Hermann Pickles and sauerkrauts have been a long-standing staple at delis and dinner tables across the country for generations. At Edible Garden, we want to live up to our reputation as ‘The Flavor Maker’ by bringing the most delicious flavors to America’s homes. Given Hermann Pickles’ decades of experience developing and manufacturing great-tasting fermented products such as non-GMO kosher dill pickles and sauerkraut, we believe that they are a perfect partner for us. Notably, Hermann Pickles is the official packer for many of the most popular brands of kosher pickles and sauerkraut. We look forward to developing and launching new lines of fermented and shelf-stable products, as there has been a noteworthy increase in consumer interest in plant-based and healthier food and flavor options including pickles, sauerkraut, and other fermented products. According to Global Market Insights, in 2022 the pickle market totaled $12.7 billion and is anticipated to grow to $22.36 billion by 2032. Consumers are increasingly seeking foods that support gut health and overall well-being, which we believe is leading to an increase in consumer demand for fermented products. We look forward to working with the Hermann Pickles team to tap their trusted heritage as the gold standard of products in this category to create a new contemporary line of fermented product offerings.”