Edible Garden Shares Surge Following Walmart Expansion; Margins on Herbs Limit Upside
Edible Garden (NASDAQ: EDBL) shares surged by 37% after announcing broadened distribution of fresh-cut herbs with Walmart in the Mid-Atlantic, though the stock later retracted from its intraday high. Despite a 22.9% increase in first-quarter revenue, gross margins declined significantly due to reliance on …