NEW YORK, July 27, 2026, 11:12 EDT — Regular session
- Edible Garden was up 37% at $4.30, having previously reached $9.49.
- Walmart is set to start broader shipments in the third quarter. The financial terms were not made public.
- Revenue for the first quarter increased by 22.9%, but the calculated gross margin declined to minus 31.4%.
Shares of Edible Garden AG Incorporated NASDAQ:EDBL climbed on Monday following news that the grower had broadened the distribution of its fresh-cut herbs with Walmart Inc. NASDAQ:WMT throughout the Mid-Atlantic. The shares were trading at $4.30 as of 10:57 a.m. EDT.
The initial jump was significantly bigger. Edible Garden began trading at $7.89 and climbed to $9.49, representing a 202% surge over its prior closing price, before dropping by over half from its highest point.
Trading volume totaled 28.7 million shares, nearly 34 times higher than the typical average daily volume of approximately 851,000 shares.
The company expects first shipments to start in the third quarter. Details regarding store counts, sales forecasts, pricing, or how long the program will run were not provided.
Chief Executive Jim Kras said, “Growing our distribution with Walmart represents another meaningful step in executing our long-term growth strategy.” Stock Titan
The economic gap is important. Edible Garden’s line of cut herbs expanded by 46% in the first quarter, though the firm depended largely on more expensive outside growers for supply.
New quarterly data indicates expenses are increasing at a rate that outpaces revenue growth:
| First-quarter metric | 2026 | 2025 | Change |
|---|---|---|---|
| Revenue | $3.341 million | $2.718 million | up 22.9% |
| Cost of goods sold, excluding depreciation | $4.390 million | $2.789 million | increased 57.4% |
| Calculated gross profit/(loss) | $(1.049) million | $(0.071) million | Loss grew by $978,000 |
| Calculated gross margin | -31.4% | -2.6% | Down 28.8 percentage points |
The gross profit and margin figures are derived from numbers listed in Edible Garden’s quarterly filing.
Revenue rose by $623,000 compared with a year ago. Cost of goods sold was up by $1.60 million, resulting in a significantly larger gross loss for the company.
Edible Garden’s equity was valued at about $3.2 million at $4.30 per share, according to market data. The company posted a net loss of $3.7 million for the first quarter, exceeding its latest market capitalization.
The capital structure further complicates the situation. Edible Garden executed a 1-for-45 reverse stock split on July 13, just under two weeks ahead of Monday’s rally.
On July 8 and July 9, the company issued 8.2 million pre-split common shares in connection with preferred-stock exchanges. These transactions eliminated preferred stock with a stated value totaling $1.13 million.
Risks are elevated. As of March 31, Edible Garden held $1.95 million in cash and had outstanding debt of approximately $2.7 million. The company said its current resources would last only through the third quarter unless it raises additional capital, and it expressed significant doubt about continuing as a going concern. Additional equity funding may result in shareholder dilution.
If shipments go ahead as scheduled, the Walmart rollout has potential to boost revenue quickly. However, investors will require information on volume, pricing, and gross margins to assess if the expanded distribution strengthens the underlying business, rather than just driving higher sales.
