EDBL · Edible Garden AG Inc
AI read · Good for EDBL
The AI's read
Edible Garden posted Q2 revenue up 12.8% to $3.6M and cut herb sales rose over 42% after expansion into Kroger and Target. Cash flow from operations turned positive for a second straight quarter and SG&A fell 21.5%, narrowing the net loss. The market sold the stock about 4.7% despite the beats, likely worrying about the $13.5M Prairie Hills investment and higher debt. RSI is 43 and the share price has not ripped, so upside does not look fully priced in. We lean bullish because core sales growth, improving margins, and the Prairie Hills RTD plan can scale revenue if executed. Conviction is tempered by elevated debt and execution risk on the new facility, so this is opportunistic exposure rather than a sure win.