Edible Garden Appoints Matthew McConnell as EVP to Drive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Jan 26
Source: Globenewswire
Edible Garden AG Inc's stock fell 26.97% as it crossed below the 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.71% and the S&P 500 down 1.02%.
The company announced the appointment of Matthew McConnell as Executive Vice President of Strategic Partnerships, a move aimed at enhancing strategic initiatives and strengthening relationships with investors. McConnell brings over 40 years of experience from major financial institutions, which is expected to support the company's long-term growth objectives and competitive position in the market.
This leadership change reflects Edible Garden's commitment to driving sustainable growth and creating shareholder value, particularly in a challenging market environment.
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About EDBL
Edible Garden AG Incorporated is a controlled environment agriculture (CEA) company. The Company is engaged in locally growing, organic, and sustainable produce and products backed by Zero-Waste Inspired next-generation farming. It operates its own vertically integrated greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near markets in the United States. Its proprietary GreenThumb 2.0 patented software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary Self-Watering display is designed to enhance plant shelf life and provide an enhanced in-store plant display experience. It is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. It also offers pulp-fermented gourmet and chili-based sauces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
