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NEWS ER
Edible Garden Reports a 324% Year-Over-Year Increase in Gross Profit for Nine-Month Period Ending September 2024
Positive
324% increase in gross profit for first nine months of 2024
55% increase in cut herbs sales year-over-year
27% gross profit margin expansion in Q3 2024
Raised $5.65 million through S1 offering
Reduced debt by $3.2 million
Expanded partnership with Walmart
324% increase in gross profit for first nine months of 2024
55% increase in cut herbs sales year-over-year
27% gross profit margin expansion in Q3 2024
Raised $5.65 million through S1 offering
Reduced debt by $3.2 million
Expanded partnership with Walmart
Negative
Q3 2024 revenue decreased to $2.6M from $3.3M year-over-year
Net loss of $2.1M in Q3 2024
$215,000 revenue delay due to hurricane disruption
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NoobGirl : but still price is going down..
73602416 : Am telling you this stock tanked me over $1000 during the delisting period 3 weeks ago.