Blur Plunges 7% After Machi Big Brother Transfers All His Tokens to Binance – Decrypt
Posted: July 14, 2024 at 2:39 am
A wallet belonging to Jeffrey "Machi Big Brother" Huang moved all its BLUR, roughly $3.1 million, over to centralized crypto exchange Binance early this morning, according to onchain data.
Earlier this morningamid the apparent selling on BinanceBLUR dropped as low as $0.1596. It's since recovered slightly; at the time of writing, BLUR is trading for $0.1621, down 7.2% on the day, per data from CoinGecko.
BLUR is the native token of the Blur NFT trading and lending marketplace, which launched in 2022 with backing from crypto venture capital heavyweight Paradigm. At one point, Blur accounted for at least 62% of all NFT trading volume, according to DappRadar.
But it's since seen activity on its platform take a big dive. The NFT marketplace has also become a controversial player in the NFT space, drawing fire for a model that critics say incentivizes traders to flip their NFTs.
Huang isn't one of the Blur founders or executives, but he has been one of the largest lenders on the platform. He did not immediately responded to a request for comment from Decrypt.
Huang's wallet movements were flagged on SpotonChain and appear to match up with the entity profile that blockchain analytics platform Arkham Intelligence has compiled for Machi. But the transfers probably weren't a complete surprise for the NFT platform's community.
Just last week, Huang was chatting on the Blur DAO Discord server about growing unrest over the token's falling price as users questioned its value. In the past month alone, BLUR has fallen 52% from $0.34, according to CoinGecko data.
In one message, Huang appeared to be looking for clarification on how the BLUR airdrop had been divvied up among farmers, holders, and how much had been reserved for governance.
In a response to his message, another community member advised him to sell his BLUR tokens to buy BLAST tokens instead.
"Makes complete sense at this moment $blur is higher mc than $blast," they added. Huang's response: "I thought about it."
Blast is an Ethereum layer-2 network launched by Blur founder Tieshun Roquerre, who goes by Pacman online. The main draw of Blast is that it offers "native yield for Ethereum and stablecoins, letting usersstake (or lock up) their funds in the network to earn an interest-like return.
The two projects aren't related, other than sharing a founder. But Blur users have complained that the NFT marketplace and its tokenholders have seemed at times to be an afterthought.
A few hours later, on the Blur Discord server, Huang sent a message saying he was having trouble withdrawing his staked BLUR tokens. He came back 20 minutes later to say that a link shared by a moderator had worked. That was the latest message he sent on the server on July 5.
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Blur Plunges 7% After Machi Big Brother Transfers All His Tokens to Binance - Decrypt
Binance Supports $RNDR To $RENDER Token Swap, Solidifying $RENDER’s Position In The Solana Ecosystem – NullTX
Posted: at 2:38 am
Today, Binance, the worlds largest crypto exchange, announced its support for the $RNDR token swap to $RENDER, with a 1:1 conversion ratio.
This development solidifies $RENDER as a true Solana ecosystem coin, potentially setting the stage for significant growth with Solana Breakpoint as a major catalyst.
This move aligns $RENDER with other leading crypto exchanges, as Binance joins Coinbase and OKX in supporting the token. This widespread exchange support underscores the growing importance of $RENDER in the cryptocurrency market.
On-chain reports highlight a notable activity involving a prominent whale with a 100% winning rate over the past three months with $PEPE. Two hours ago, this whale deposited 84,465 RNDR tokens into Binance, which were originally acquired in March this year. If sold, this transaction would result in a loss of $448,000.
Interestingly, this whale has a history of trading $RNDR in various bands. From February 2024 to the present, they have executed five trades with a winning rate of 60%. However, despite some profitable trades, the cumulative loss stands at $276,000, mainly due to recent losses. Prior to these setbacks, the whale had accumulated total profits of $170,000.
The support from major exchanges like Binance, combined with significant market activities, positions $RENDER for potential growth within the Solana ecosystem. As $RENDER gains more traction and visibility, its role in the DeFi space could expand, offering more opportunities for traders and investors alike.
Overall, the token swap from $RNDR to $RENDER and the support from leading exchanges mark a pivotal moment for $RENDER, enhancing its liquidity and integration within the Solana ecosystem. As the market evolves, $RENDERs strengthened position could drive further adoption and utilization in the crypto community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Crypto trading volume to exceed $108T in 2024, with Europe in the lead – Cointelegraph
Posted: at 2:38 am
Global crypto trading is only just beginning to take off, as a study from CoinWire predicts that industry trading volume will exceed $108 trillion by the end of 2024.
The study revealed that the end-of-year estimate is 90% higher than in 2022. The United States leads with the highest projected crypto trading volume for the year, surpassing $2 trillion.
While the US may lead in crypto trading volume, Europe leads the market in global cryptocurrency transaction value, accounting for 37.32%.
Europe is one of the most proactive regions in the world when it comes to defining its cryptocurrency industry through regulations. These regulations are designed to help lawmakers understand financial technology and provide traders and exchanges with clear guidelines for navigating the market.
The European Unions landmark Markets in Crypto-Assets Regulation came into partial effecton June 30, focusing on stablecoins. In December, additional regulations for crypto asset service providers are set to come into effect.
This legislative framework, which has been in the works since 2020, is the EUs first set of uniform market rules for crypto assets.
Related: EU elections 2024: Pro-crypto parties pick up seats amid Green losses
The survey expects Europes cryptocurrency trading volume to hit $40.5 trillion in 2024, a 2.7-fold increase from its $15 trillion in 2022.
Asia ranks second with 36.17% of the worlds cryptocurrency transaction value.
The conclusions found in the study were made by analyzing centralized exchanges with trust scores higher than six on CoinGecko based on web traffic by country, supported languages, headquarters location and trading time zones.
Another finding revealed that Binance dominates in over 100 countries worldwide in the crypto exchange market, with a trading volume of $2.77 trillion. Binance.US was also dominant in the same number of countries, although it has a lower trading volume of $3.9 billion.
According to the study, this makes Binance the most widely used exchange worldwide. On July 5, the exchangecelebrated its seventh anniversary and the milestone of reaching 200 million users worldwide.
Following Binance are OKX and Cex.io, with a presence in 93 and 92 countries, respectively, and trading volumes of $759 billion and $1.83 billion.
Coinbase and Bybit operate in 90 and 87 countries, respectively, and their trading volumes are $662 billion and $1.14 trillion.
Magazine: Decade after Ethereum ICO: Blockchain forensics end double-spending debate
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Crypto trading volume to exceed $108T in 2024, with Europe in the lead - Cointelegraph
Food: The benefits of organic agriculture – Stanly News & Press
Posted: at 2:38 am
Published 12:00 am Wednesday, July 10, 2024
Metro Creative Connection
Modern consumers have more choices than ever before. Whether theyre buying appliances, books, clothing, or any of the myriad necessities of daily life, consumers have a wealth of products to choose from.
An abundance of options also is available at the grocery store. Thats especially true in the produce aisle, where many stores have expanded their fresh fruit and vegetable offerings. That expansion reflects a growing preference among consumers for fresh products, including fresh produce. A 2018 report from the market research firm IRI and the Food Marketing Institute found that sales of fresh foods comprised just under 31 percent of food industry sales in 2017.
Customers who prefer fresh fruits and vegetables to frozen alternatives may wonder if they should be even more selective when purchasing their favorite foods in the produce aisle. That decision may come down to whether or not to purchase organic produce.
Organic produce can be significantly more expensive than non-organic fruits and vegetables, so its understandable if budget-conscious consumers cannot afford to go entirely organic. However, its important that consumers recognize the many ways that organic agriculture is having a positive impact on the health of humans and the planet they call home.
Organic produce reduces exposure to pesticides and antibiotics. UC Davis Health notes that organic produce has been proven to reduce consumers exposure to pesticides and antibiotics. Thats a significant benefit, as pesticide exposure has been shown to lead to neurodevelopmental issues and has been linked to higher cancer risk. Consumers shopping on budgets can pick and choose which organic foods they purchase, as UC Davis Health notes that certain foods have been shown to have higher pesticide residues than others. Apples, celery, grapes, spinach, strawberries, and tomatoes have high levels of pesticide residues, so choosing organic versions of these foods may be a wise choice. Avocados, broccoli, cabbage, and cantaloupe are some of the foods that typically have low levels of pesticide residue.
Organic agriculture reduces environmental degradation. The Organic Trade Association notes that synthetic pesticides and fertilizers used on some conventional farms can deplete the soil of valuable nutrients and increase environmental degradation. Organic farmers do not use such pesticides or fertilizers, instead utilizing such practices as composting, cover cropping and crop rotation, each of which can have positive, long-term effects on soil quality.
Organic agriculture benefits local wildlife. A 2015 study from researchers in Argentina that was published in the journal Agriculture, Ecosystems & Environment found that small mammals were more abundant around organic farms than conventional farms. Thats not just good for those mammals, but also the farmers, as small mammals can feed on insects that would otherwise adversely affect crops.
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Food: The benefits of organic agriculture - Stanly News & Press
Why Arkansas farmers are moving away from certified organic produce – KFSM 5Newsonline
Posted: at 2:38 am
Arkansas farmers are leaning toward certified naturally grown products over certified organic due to cost and lack of inspection availability in the state.
FAYETTEVILLE, Ark. Arkansas Farmers around the state are starting to go away from certified organic produce at their farms.
"When they think about farmers' markets, they have the assumption that, like all the farmers, are using organic practices," Heather Friedrich, Director of The Center for Arkansas Farms and Food, said. "Many of them are using organic practices, but not many actually go through the certification process."
Matthew Varoz, the owner of Hatch Farms in Elkins, says one of the main reasons for this is because a different practice exists. It's called certified naturally grown produce. Many farmers believe it is just as healthy and cheaper to verify.
"It also costs more to be certified organic, and there is a ton of paperwork," Varoz said. "Being farmers, we are limited on our time, so certified naturally grown just makes it a lot easier for us to accomplish that."
On top of the cost, becoming certified organic in the state is difficult for Arkansas farmers because the Food and Drug Administration (FDA) doesn't have a branch in Arkansas, which requires farmers to look out of state.
"We don't have a certifier that's based in Arkansas," Friedrich said. "There's one in Oklahoma, which a lot of farmers will use, but they're limited on the number of farms that they can certify out of state."
Friedrich said the process is difficult for some farmers to understand.
"Farmers that are looking to become certified often have a hard time understanding where they start that process," she said.
However, with the certified naturally grown option, it's given farmers the confidence to continue to grow healthy and nutritious fruits and vegetables.
"We go through and we check to make sure it's ripe for our customers," Varoz said.
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Why Arkansas farmers are moving away from certified organic produce - KFSM 5Newsonline
Demand continues to soften for organic food – The Western Producer
Posted: at 2:38 am
WINNIPEG Canadas organic industry struggled over the last couple of years, with the volume of sales dropping for the first time in many years.
After a 41-day strike, workers at the Cargill Dunlop beef processing plant in Guelph will return to work Monday. 960
Fresh organic fruit, for instance, saw a 43 per cent decline in sale volumes from 2021 to 2023. Other categories of organic had more success, but COVID-19 and the post-pandemic period of high food prices has been a challenge, says the 2024 Organic Market Report from the Canadian Organic Trade Association (COTA).
Organic sales over all categories have seen a modest increase of one per cent (in value) since 2022. However, there has been a notable decrease in volume by six per cent, indicating the pervasive influence of inflation, says the report, which COTA released in late June.
The sales numbers arent great, but the data shows that Canadians are making different choices around organic food, says Tia Loftsgard, COTA executive director.
What the numbers indicate is that shoppers were finding other ways to purchase organic, swapping out fresh produce purchases for canned, dried or frozen options that have better shelf life, she said in an email.
As examples, sales volumes of frozen organic fruit jumped 78 per cent from 2021 to 2023 in Canada.
Pickled vegetable volumes climbed 22 per cent in the same period.
Certain categories are doing well, such as salty organic snacks, and the numbers show that organics share of the food and beverage market is climbing, although at a much slower pace:
From 2017-20, the organic share of the market (in dollars) went from 2.6 to 3.3 per cent, a gain of 0.7 per cent.
From 2020-23, organics market share climbed only 0.1 per cent, reaching 3.4 per cent in 2023.
In some positive news, organic sales reached $9.01 billion in 2023, which is an 11 per cent gain from 2020.
Unfortunately, most of that growth came from higher prices rather than from increased sales.
Many products exhibited an uptick in sales value from 2022-23, with a decline in volumes. This trend indicates that these products are being sold at higher prices for smaller quantities, COTA said.
Loftsgard pointed to data from SPINS, a U.S. market research firm, indicating that the gap between organic and conventional food prices has narrowed. That change should boost organic sales.
Inflation started coming down for all products in 2023, and the conclusion of the research firm is that organic prices did not experience as much price increases as non-organic, making organic products even more attractive as the price premium has decreased, she said.
The majority of the COTA report was directed at organic demand and market conditions, but it did briefly touch on organic production.
From 2020-22, acreage of certified organic farms declined 5.8 per cent in Canada.
The drop in acreage is nothing to worry about, Loftsgard said.
Market demand will keep organic production motivated to continue to grow organic ingredients for both domestic and international markets.
That may be true, but COTA and others in Canadas organic industry have been lobbying Ottawa for a formal program to support the organic industry. The program would, ideally, help increase organic acreage and provide a strong foundation, strategy and growth potential for the organic sector, COTA said in its report.
The feds have not announced such a program, but on June 27 Agriculture Canada did invest $2 million in the organic industry.
Ag Canada will provide COTA with $1.17 million to bolster Canadian organic exports and resolve market access issues.
As well, the feds are investing nearly $1 million in the Prairie Organic Development Fund
The goal of the project is to increase profitability, improve environmental outcomes and increase public trust in the Canadian organic agri-food industry, said Jim Robbins, president of the Prairie Organic Development Fund.
The funds will (make) an important contribution to growing organic supply and helping farmers adopt agronomic practices, making them more resilient to climate change.
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Demand continues to soften for organic food - The Western Producer
Growth in the organic aisle – BakingBusiness.com
Posted: at 2:38 am
KANSAS CITY As the organic market matures and grapples with inflationary headwinds, significant sectors, including bread, breakfast cereal and baby food, continue to show growth, according to the Organic Trade Association. Increasing organic wheat supply, finding a diverse set of ingredient suppliers and funding from the US Department of Agriculture are boosting the category as well.
US organic product sales reached $69.7 billion in 2023, up 3.4% from the previous year, according to the Organic Trade Association, Washington. Food sales made up $63.8 billion of that total.
In the grocery category, sales increased 4.1% to $15.4 billion. Within grocery, in-store bakery and fresh bread were up nearly 3% to $3.1 billion, dry breakfast goods were up about 8% to $1.8 billion, and baby food and formula were up nearly 11% to $1.5 billion.
Organic wheat supply in the United States rebounded solidly in 2023-24. Commodity analysts at Argus Media Group, Houston, in May estimated US organic wheat production at 24.41 million bus for the 2023-24 marketing year, which was up 22% from 19.96 million bus in the previous marketing year. Argus projected organic wheat production will increase to 25.32 million bus in 2024-25.
So far, in the US, this year has seen organic wheat markets rebound after several years of drought, insect pressure and higher-priced conventional markets, leading to a reduction in organic acres as growers considered their seeding options, said Sam Beveridge, director of emerging nutrition risk and grower relations at Ardent Mills, Denver. Recently, adequate moisture levels across hard red winter regions and spring wheat regions in the northern tier states and Canadian prairies have helped to drive supply to meet the current demand.
As a result, we have seen prices move lower on anticipated supply, which allows growers to expand and have different sellable crops, some of which they have not seen for the past couple years. Still, current carryout stocks remain tight through new crop, which is reflective in the price inverse.
Consumer dietary shifts and a growing consciousness about health are helping propel organic demand, he said. Data from Ardent Mills show 77% of consumers believe grain-based organic foods are healthier and better for them, and 72% said they believe grain-based organic foods are better for the environment.
Despite the promising outlook, various factors may affect organic supply, including economic conditions and weather patterns, Beveridge said. Rising inflation may impact growers entry into the organic sector, which requires years of adherence to organic practices for certification.
Additionally, weather fluctuations, such as the shift from El Nio to La Nia, will impact various growing regions differently. For example, organic wheat fields in the Pacific Northwest may benefit from improved moisture conditions, but organic wheat fields in the central US have seen almost too much moisture, causing concern for sprouting among wheat crops.
Ardent Mills has expanded in the organic category. The company in 2019 acquired a grain elevator in Klamath Falls, Ore., that enhanced its ability to source from organic wheat growers in the Pacific Northwest, according to the company. In 2021, the acquisition of Hinrichs Trading Co., a company involved in chickpea sourcing, cleaning and packaging, included the acquisition of a grain elevator in Shelby, Mont., which allowed Ardent Mills to source organic wheat from Montana and Canadian prairies.
Ardent Mills organic portfolio also includes ancient grains such as quinoa, amaranth, millet, sorghum, teff and buckwheat available in several formats such as flour, said Michael Rhodes, senior research and development dough systems specialist.
These increasingly popular gluten-free, non-GMO wheat alternatives have been found to work well in multi-grain mixes to create unique textures and flavor profiles in bread, he said. Additionally, we also offer organic heirloom wheat grains like spelt.
Bay State Milling Co., Quincy, Mass., has supplied organic wheat flour for decades, said Connor Bullum, organic commodity merchandiser.
BSM has invested in the organic supply chain by producing organic flour at four separate mills and has recently converted the Platteville, Colo., location to 100% organic wheat flour production, and we continue to originate over more than half of our total organic wheat needs directly from farmers, he said.
Besides wheat flour, Bay State Milling offers flour from grains such as rice, sorghum, millet and oats, Bullum said.
We see customers using these flours in gluten-free breads, as these are inherently gluten-free offerings, but also as inclusions and toppings to wheat-based bread, he said.
ResearchAndMarkets.com, Dublin, forecasts the global organic baby food market will increase to $8.10 billion in 2028 from $4.55 billion in 2023 through a compound annual growth rate of 12%.
Sales are up 61% over last year at Once Upon a Farm, Berkeley, Calif., said Emily Luna, baby and toddler manager for the company. She added sales within the baby business are four times higher than they were in 2022.
Luna said the increase has come through new product lines, including frozen toddler pasta meals and baby and toddler pantry snacks, consumers shifting toward organic, increased brand awareness and expanded distribution into retail in fresh, frozen and dry categories.
The baby and toddler portfolio at Once Upon a Farm includes fresh, organic, cold-pressed refrigerated pouches, shelf-stable pantry snacks and frozen plant-rich meals.
We have a very talented procurement team that manages a lot of complexity, said Jane Kuhn, sustainability manager at Once Upon a Farm.
The company develops multiple suppliers representing different geographies for each ingredient.
This helps us maintain a steady supply through different seasons and positions us to be more resilient amidst supply chain shocks due to weather events, Kuhn said.
The USDA in May announced new programs, partnerships, grant awards and an additional $10 million in funding to expand the markets for organic products and help producers transition to organic production. The USDAs Agricultural Marketing Service awarded about $24.8 million for 23 grant projects through the Organic Market Development Grant program.
Offsetting the costs for organic transition helps more farmers realize higher margins sooner while giving consumers more access to high-demand organic products, Agriculture Secretary Tom Vilsack said.
The Organic Trade Association and The Organic Center received $2.2 million in Organic Market Development Grant matching funds from the USDA.
We thank USDA for making this project possible with this important funding, said Tom Chapman, co-chief executive officer of the OTA.
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Green Growth: Organics continue to flourish – Produce Blue Book
Posted: at 2:38 am
More than two decades after the U.S. Department of Agriculture implemented standards for organic production and processing, the category has zoomed from niche to mainstream status.
And there seems to be no slowdown in sight, the agency says.
In November 2023, the USDA reported that organic producers had increased market access to the point that conventional grocery retailers had overtaken natural food stores as the most popular outlet for organic food, with 55.6 percent of sales in 2021.
Produce has led the way, USDA reported, with organic fruits and vegetables passing $22 billion in retail food sales 2022good for about 36 percent of all organic retail sales, according to the Organic Trade Association.
Foresight and Fortitude
The success of the category is no surprise to some. Grower-shippers and marketers say they recognized the organics trend long ago and have helped steadily steer more fruit, vegetable, and nut volumes into the organics category.
For example, USDA noted fruit and nut acreage increased 76 percent between 2011 and 2021, as growers heeded increasing demand from consumers.
Overall, our organic manifest makes up about 20 percent of our total volume, shares Kaci Komstadius, vice president of marketing with Sage Fruit Company, LLC BB #:163180. The Yakima, WA-based company grows and ships apples, pears, and cherries.
The demand for organic fresh produce has remained strong, she asserts. As such, weve made investments to expand our overall organics program.
Wenatchee, WA-based grower-shipper Stemilt Growers, LLC BB #:113654 recognized the potential of organics more than 30 years ago and has been gradually building its organic footprint, according to Brianna Shales, marketing director.
Stemilt first got into organic fruit production in 1989, Shales notes, and the company now grows apples, pears, cherries, and stone fruit in Washington State and cherries in California and Washington.
This is an excerpt from the Organic Spotlight story from the May/June 2024 issue of Produce Blueprints Magazine.
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Green Growth: Organics continue to flourish - Produce Blue Book
CDC declares E. coli outbreak traced to organic walnuts to be over – Food Safety News
Posted: at 2:38 am
An outbreak of E. coli infections traced to organic walnuts has been declared over.
The outbreak sickened 13 people in Washington and Oregon, according to the Centers for Disease Control and Prevention. Seven of the patients required hospitalization. No deaths were reported, but two of the patients developed acute kidney failure.
The last known infection from E. coli O157:H7 was reported on April 4.
A traceback investigation by the Food and Drug Administration identified Gibson Farms Inc. as the common supplier of walnuts in this outbreak. On April 27 Gibson Farms Inc. initiated a voluntary recall and contacted their distributing customers.
The organic walnuts were distributed in natural food stores and co-ops in the following states: Alaska, Arkansas Arizona, California, Colorado, Hawaii, Idaho, Kansas, Louisiana, Montana, Nebraska, New Mexico, Nevada, Oregon, South Dakota, Texas, Utah, Washington and Wyoming.
The walnuts may have been repackaged in containers without indication they were from Gibson Farms.
There is some concern that consumers may have frozen the implicated walnuts for future use. Anyone who eats walnuts and develops symptoms of E. coli infection should immediately seek medical attention. Freezing does not kill the bacteria.
About E. coli infections Specific tests are required to diagnose the infections, which can mimic other illnesses.
The symptoms of E. coli infections vary for each person but often include severe stomach cramps and diarrhea, which is often bloody. Some patients may also have a fever. Most patients recover within five to seven days. Others can develop severe or life-threatening symptoms and complications, according to the Centers for Disease Control and Prevention (CDC).
About 5 to 10 percent of those diagnosed with E. coli infections develop a potentially life-threatening kidney failure complication, known as a hemolytic uremic syndrome (HUS). Symptoms of HUS include fever, abdominal pain, feeling very tired, decreased frequency of urination, small unexplained bruises or bleeding, and pallor.
Many people with HUS recover within a few weeks, but some suffer permanent injuries or death. This condition can occur among people of any age but is most common in children younger than five years old because of their immature immune systems, older adults because of deteriorating immune systems, and people with compromised immune systems such as cancer patients.
People who experience HUS symptoms should immediately seek emergency medical care. People with HUS will likely be hospitalized because the condition can cause other serious and ongoing problems such as hypertension, chronic kidney disease, brain damage, and neurologic problems.
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CDC declares E. coli outbreak traced to organic walnuts to be over - Food Safety News
Edible Garden, The Flavor Maker, Transforming the Fresh Condiments Product Category with Pulp Flavors Line of USDA Organic, Fermented &…
Posted: at 2:38 am
Edible Garden AG Incorporated
Experience the innovative flavors of Pulp yourself at Booth #117 at the 2024 Organic Produce Summit today at the Monterey Conference Center
2024 Organic Produce Summit
2024 Organic Produce Summit
BELVIDERE, NJ, July 11, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (Edible Garden or the Company) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it will exhibit its line of flavor enhancing, sustainable, gourmet, USDA Organic, Pulp fermented sauces and chili-based products, at the 2024 Organic Produce Summit, Booth #117, in Monterey, California.
The Organic Produce Summit is the only event exclusively dedicated to connecting buyers and suppliers in the organic fresh produce industry. The conference is designed to foster networking, education, and the exchange of information within the organic produce industry. The summit includes educational sessions and a trade show floor where various exhibitors showcase their products and services. It aims to address current trends and challenges in the industry, including sustainability practices and innovative technologies in organic produce.
At Edible Garden, innovation drives everything we do, stated Jim Kras, Chief Executive Officer of Edible Garden. In a product category projected to grow from $172.79 billion in 2021 to $240.7 billion by 2028 according to Research and Markets, no company is more innovative than Edible Garden in a category not typically known for innovation. In a short period of time since its initial launch, Pulp's USDA Organic, raw, and fermented products have transformed the way consumers experience condiments, standing out from conventional options. Edible Garden is committed to pushing the boundaries of flavor and quality, making Pulp a must-try for food enthusiasts and health-conscious consumers alike. The product line has become widely available at Whole Foods Market, Morton Williams, Dierbergs Markets, Target, Woodmans, and Meijer. Retailers of all sizes can offer our Bland to Bold Pulp product line to their customers through several major distributors, including KeHE Distributors, a leading distributor of natural, organic, specialty, and fresh products, and UNFI Distributors, one of North Americas top grocery wholesalers of health and specialty foods. These distributors further broaden consumer access to the product line, in addition to our Pulp e-commerce platform, which allows consumers to directly purchase all of our distinct and flavorful products online."
Story continues
"I invite all attendees of the 2024 Organic Produce Summit at the Monterey Conference Center in Monterey, California, to visit the Edible Garden Booth #117 where you will have the opportunity to experience the innovative flavors of Pulp firsthand. Discover why consumers who value flavor-forward, sustainable, and organic options are turning to Pulp as their go-to choice for condiments. Our team will be on hand to showcase the unique qualities of our USDA organic, raw, and fermented products, and explain how we are pushing the boundaries of flavor and quality in a category that has long been stagnant. Don't miss this chance to taste the future of condiments and learn more about our commitment to environmental stewardship and product innovation. See for yourself what sets Pulp apart and why its capturing the hearts and taste buds of food enthusiasts and health-conscious consumers alike."
A copy of the Companys latest corporate video is also available here.
ABOUT EDIBLE GARDEN EdibleGarden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products backed by Zero-Waste Inspired next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary patented (U.S. Patent No. D1,010,365) Self-watering display is designed to increase plant shelf life and provide an enhanced in-store plant display experience. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. In addition, the Company offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.
For more information on Pulp products go to https://www.pulpflavors.com/. For more information on Edible Garden go to https://ediblegardenag.com/.
Forward-Looking Statements This pressrelease contains forward-looking statements, including with respect to the Companys growth strategies, ability to expand its distribution network and distribution relationships, and performance as a public company. The words believe, expect, intend, look forward, objective, plan, seek, strategy, will, and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Companys ability to achieve its growth objectives. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Investor Contacts: Crescendo Communications, LLC 212-671-1020 EDBL@crescendo-ir.com
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