Edible Garden AG Incorporated, a leader in controlled environment agriculture, has reported a significant 181.3% year-over-year increase in gross profit for 2024. The company's core herb business grew by 16%, with gross margins almost tripling in 2024. This growth was driven by strong operational execution and vertical integration. The company provided these updates in their business update and financial results for the three-month and full year periods ended December 31, 2024.

Edible Garden AG (NASDAQ:EDBL) posted a Q4 GAAP EPS of -$10.34, along with a revenue of $3.9 million, marking a year-on-year decrease of 4.9%. The company has also signed a non-binding letter of intent to acquire the Narayan Group.

Edible Garden, a company specializing in fresh produce, has witnessed a steep rise in its gross profits by 324% in the first nine months of 2024 compared to the same period last year. The company attributes this growth to its core business operations, which includes a 55% rise in cut herbs sales. The company expects this upward trend to continue into 2025.

As a financial analyst, this information tells me that Edible Garden AG Incorporated has released their financial results for the year and quarter ending on December 31, 2024. The details of these results are included in Exhibit 99.1 of this report. However, this information is not considered filed under Section 18 of the Securities Exchange Act of 1934, so it is not subjected to the liabilities of that section and won't be incorporated into any future filings of the company under the Securities Act of 1933 or the Exchange Act. It's important to note that this information is only furnished and should not be used as the only source of information for making investment decisions.

1) Brief Summary: The company has experienced a significant decline over the past quarter, with a performance decrement of 69.31% and an average volume decrease of 227.95K. This downturn is further reflected in the -5.02% performance over the past month and the -8.30% performance over the past week. Furthermore, the company's return on equity (ROE) and return on investment (ROI) are both negative, which is a concern. However, sales over the past five years have increased by 21.81% which is a positive indicator. The company's debt to equity ratio is near 1, suggesting the company has almost equal amounts of debt and equity, which could indicate financial instability. 2) MARKET_SCORE: 30

: Considering the downwards trend in performance and negative ROE and ROI, the likelihood of an upward move is estimated at 30%. 3) PRICE_TARGET: $3.97

: Based on the current metrics and the anticipation of potential growth, a 50% increase from the latest close of $2.65 would suggest a price target of $3.97. 4) AI_RPT_HEADLINE: "Company Struggles Amid Significant Quarterly Decline, Future Remains Uncertain".

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