BELVIDERE, N.J., May 11, 2022 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW) today announced the appointment of three new independent members to the Company’s Board of Directors effective May 4, 2022: Mathew McConnell, Tracy Nazzaro and Ryan Rogers.
Mr. McConnell has served as Chief Executive Officer of the MPS Chaperone and Distribution business of Marco Polo Securities, Inc. since March 2020. In this role, he oversees international equities, trading and capital markets processes for this U.S. brokerage, offering cross-border regulatory and distribution solutions to a strong network of local securities firms around the world. From 2018 to 2020, Mr. McConnell served as Managing Director, Head of Equity Capital Markets at Tellimer (Exotix Capital), including as a member of its US Executive Committee. Prior to Tellimer, Mr. McConnell was Head of Capital Markets at Auerbach Grayson from 2014 to 2018.
Ms. Nazzaro is currently President, Chief Financial Officer and General Manager of Trader’s Hill Farm, an innovative greenhouse farming operation in Hilliard, Florida that produces specialty leafy greens. She joined Trader’s Hill Farm as Chief Financial Officer in late 2015. Prior to joining Trader’s Hill Farm, Ms. Nazzaro was a Certified Business Analyst at the University of North Florida SBDC, where she provided strategic and financial consulting services to businesses. of northeast Florida. Ms. Nazzaro is also Executive Director of the RWB Foundation, Inc., a non-profit organization that provides financial assistance and operating advice to small agricultural businesses in Florida.
Mr. Rogers has spent nearly two decades working in the food retail industry in merchandising, sales and supply roles. After 18 years at Target Corp., where he held various leadership positions in purchasing and sourcing within its produce and grocery divisions, he joined FDM Sales in 2021 to help guide and sell… emerging brands in retail. In 2022, with the goal of growing small consumer brands and start-ups, Ryan founded Retail Optics, a consulting firm focused on managing complex issues in the retail space.
Mr. Jim Kras, CEO of Edible Garden, said, “I am delighted to welcome Mathew McConnell, Tracy Nazzaro and Ryan Rogers to our Board of Directors. They each bring considerable experience in their respective fields, which will be invaluable in implementing our growth strategies to establish Edible Garden as a leader in the Controlled Environment Agriculture (“CEA”) industry. Mathew’s success on Wall Street will be instrumental in supporting our growth objectives. Tracy brings both agricultural and CEA experience, as well as a background in corporate finance. Ryan brings a proven track record in big box retail and brand management within the food industry. In addition to leveraging their experience and collective relationships, we believe these appointments reflect our commitment to maintaining sound corporate governance.
ABOUT THE EDIBLE GARDEN®
Edible Garden AG Incorporated, is a leader in locally grown organic leafy greens and herbs, supported by Zero-Waste Inspired® next-generation agriculture. Offered in more than 4,000 stores across the United States, Edible Garden is disrupting CEA’s agriculture and sustainability technology movement with its safety in agriculture protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The company currently operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and partners with growers located near major US markets. Its proprietary GreenThumb software optimizes cultivation in vertical and traditional greenhouses while seeking to reduce food-generating pollution. miles. Edible Garden is also an ingredient and protein developer, providing an accessible line of plant-based and whey protein powders under the Vitamin Way® and Vitamin Whey® brands.
This press release contains forward-looking statements, including with respect to the Company’s growth strategies and performance as a public company. The words “believe”, “may”, “expect”, “aim”, “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 Company’s ability to achieve its growth objectives. The Company undertakes no obligation to update these forward-looking statements after the date hereof to conform to actual results or to changes in expectations, except as required by law.
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