Q2 2026 Edible Garden AG Inc Earnings Call Transcript
Key Points
- Revenue grew 12.8% year-over-year to $3.6 million, with total sales up 31%.
- Cutter herb sales increased over 42%, driven by expanded programs with major retailers like Kroger, Target, and Weis.
- SG&A expenses declined 21.5% year-over-year, reflecting improved operational efficiency.
- Operating cash flow was positive for the second consecutive quarter, with $0.9 million provided by operations.
- Prairie Hills RTD facility is on track for production by end of 2027, with 100% of capacity pre-sold.
- Gross profit remained flat year-over-year at $0.6 million due to elevated cost of goods sold.
- Net loss was $3.3 million, though improved from $4 million in the prior year.
- Total debt increased significantly to $14.2 million from $1.9 million at year-end, driven by Prairie Hills financing.
- Unrestricted cash dropped to $0.7 million, limiting operational liquidity.
- The company faces execution risks in scaling Prairie Hills and managing cost pressures in the core business.
Good morning everyone and welcome to Edible Garden Incorporated 2026 Second Quarter Business Update Conference.
(Operator Instructions)
I will now turn the call over to your host, Ted Ayvas, Investor Relations at Crescendo Communications. Ted, the floor is yours.
Thanks, Jenny.
Good morning, and thank you for joining Edible Garden's 2026 second-quarter earnings conference call and business update. On the call with us today are Jim Krash, Chief Executive Officer of Edible Garden, and Kostas DeFoulis, Interim Chief Financial Officer of Edible Garden.
Earlier today, the company announced its operating results for the three and six months ended June 30, 2026. The press release is posted on the company's website, www.ediblegarden.ediblegardenag.com. In addition, the company has filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission, which can also be
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