10:18 AM EDT, 05/24/2024 (MT Newswires) -- Edible Garden ( EDBL ) said Friday it has completed phase 2 of the packhouse buildout at its greenhouse facility in Belvidere, New Jersey.

The company has added its GreenThumb system in the latest phase, which is expected to "substantially increase" the facility's production capabilities, Edible Garden ( EDBL ) Chief Executive Jim Kras said.

The company's shares were down 3.5% in recent trading.

Price: 2.20, Change: -0.08, Percent Change: -3.51