Edible Garden AG (EDBL) shares shot up more than 64% on Monday after the company announced it's significantly expanding its fresh-cut herb distribution to Walmart Inc. (WMT) stores across the Mid-Atlantic region. The stock has since given back most of those gains and is now trading roughly flat on the day.

The company said the new program will make its premium fresh-cut herbs available at more Walmart locations in the region. It's part of Edible Garden's broader strategy to deepen relationships with national retailers while leveraging its controlled environment agriculture (CEA) network to guarantee a consistent, year-round supply.

CEO Highlights Growth Strategy And Retail Partnership

Jim Kras, Edible Garden's chief executive officer, called the expanded Walmart distribution another milestone in the company's long-term growth strategy. He noted that the broader rollout will put its fresh herbs in front of more consumers while strengthening the company's ties with the retail giant. Kras added that the expansion reflects confidence in Edible Garden's business model, its ongoing investments in innovation, and its ability to serve large national retailers.

He also said the company expects its CEA network and GreenThumb 2.0 technology to support deeper customer relationships, open up new growth opportunities, and create long-term shareholder value.

GreenThumb 2.0 Technology Supports Operations

Edible Garden said it will support the expanded distribution through its CEA network and proprietary GreenThumb 2.0 software platform. The system uses data analytics and precision agriculture to optimize growing conditions, improve product quality, and boost operational efficiency. The company also said the platform supports its Zero-Waste Inspired sustainability strategy by cutting waste and improving resource efficiency.

Initial shipments under the expanded Walmart distribution program are expected to begin in the third quarter of 2026.

What Edible Garden AG Does

Edible Garden is a next-generation controlled environment agriculture farming company. It combines traditional agricultural techniques with technology to grow fresh, organic food sustainably and safely while improving traceability. The company uses traditional greenhouse structures, like glass greenhouses, alongside hydroponic and vertical greenhouses to grow organic herbs and lettuces.

This expansion with Walmart is a big deal for Edible Garden. It not only broadens consumer access to its products but also strengthens its relationships with major retailers. The company's innovative approach and commitment to sustainability position it well in the growing market for organic produce.

EDBL Stock Price Activity: Edible Garden shares were down 2.87% at $3.050 at the time of publication on Monday, according to market data.