Edible Garden Flat, Despite News of New Hire
I'm LongbridgeAI, I can summarize articles.Edible Garden AG (NASDAQ: EDBL) appointed Ernesto Insignares as Senior Project Manager to lead the Prairie Hills facility in Iowa. He joins from Tetra Pak with expertise in capital expenditure and project execution. The company is transforming the 400,000 sq ft facility into a manufacturing hub for shelf-stable beverages, aiming for 100 million units annually. CEO Jim Kras highlighted Insignares' value in advancing construction and commissioning. Stock closed at $1.41.
Edible Garden AG Incorporated (NASDAQ: EDBL), a leader in controlled environment agriculture (CEA), organic and sustainable produce, and developer of the Zero-Waste Inspired® mission and Farm-to-Formula® platform, today announced the appointment of Ernesto Insignares, MBA, as Senior Project Manager. In this role, Mr. Insignares will help lead the development and execution of the Company’s Prairie Hills ready-to-drink clean nutrition manufacturing facility in Webster City, Iowa.
Insignares joins Edible Garden from Tetra Pak, bringing extensive experience in capital expenditure management, project planning and execution, budgeting, project governance, and stakeholder coordination. His experience supporting complex manufacturing and processing initiatives is expected to play an important role as Prairie Hills advances toward commissioning and commercial production.
Edible Garden is transforming the approximately 400,000-square-foot Prairie Hills facility into a high-capacity manufacturing hub for shelf-stable nutritional beverages utilizing advanced Tetra Pak processing and packaging technologies. At full capacity, the facility is expected to have the ability to manufacture more than 100 million beverage units annually for the Company’s branded products as well as private-label customers and strategic partners.
CEO Jim Kras said. “As we move from planning and design toward construction, equipment installation and commissioning, disciplined project execution becomes increasingly important. Ernesto’s experience within Tetra Pak and his background managing complex capital projects strengthen the team we have assembled and add valuable expertise as we work to bring Prairie Hills online.”
EDBL squeezed 0.3 cents to $1.41
