India, May 20 -- Edible Garden AG Incorporated (EDBL) surged 55.99 percent to $3.10 on Tuesday following the launch of its Kick. Sports Nutrition product line on Amazon.
The move marks a strategic diversification for the controlled environment agriculture firm known for its organic and sustainable produce. The stock opened at $2.47 and ranged between $2.45 and $3.88, with volume skyrocketing to 66.3 million shares, well above the average of 85,000 on the Nasdaq. Shares are currently trading within a 52-week range of $1.80 to $146.50.
The rollout, part of the company's expansion into the competitive sports nutrition market, is being executed in collaboration with Pirawna, a top e-commerce agency managing over $500 million in Amazon revenue...