Edible Garden Secures $2.66 Million from Iowa Economic Development Authority to Accelerate Ready-to-Drink Tetra Pak Facility

Edible Garden (Nasdaq: EDBL) announced redevelopment of a 400,000-square-foot former aquaculture site in Webster City, Iowa into a technology-driven ready-to-drink (RTD) beverage production hub.

Rhea-AI Summary

Edible Garden (Nasdaq: EDBL) announced redevelopment of a 400,000-square-foot former aquaculture site in Webster City, Iowa into a technology-driven ready-to-drink (RTD) beverage production hub.

The project is supported by a $2.66 million incentive from the Iowa Economic Development Authority and targets production of more than 100 million RTD units annually to enable national distribution and expand the company’s Farm to Formula® platform.

Positive

• $2.66M state incentive approved
• 400,000-square-foot facility conversion
• Capacity >100 million RTD units annually
• Expansion into shelf-stable, higher-margin beverages
• Planned broad national distribution

Negative

• None.

Argus Apr 17 session

-1.33% close to close Open Argus

Details

News Market Reaction – EDBL

On Apr 17, the day this news came out, EDBL closed 1.33% below the previous close.

Data tracked by StockTitan Argus for the Apr 17 session.

Market Context

This announcement details a significant step in Edible Garden’s Farm to Formula® strategy, backed by...

Analysis

This announcement details a significant step in Edible Garden’s Farm to Formula® strategy, backed by a $2.66M Iowa incentive and a 400,000 sq ft facility targeting over 100 million RTD units annually. It builds on recent disclosures about shifting into higher-margin, shelf-stable CPG. At the same time, prior filings highlighted losses and going-concern uncertainty, so investors may watch execution on the Webster City buildout, utilization rates, and how expansion impacts liquidity and overall profitability.

Key Figures

Iowa incentive package: $2.66M Facility size: 400,000 sq ft RTD capacity: 100 million units annually +5 more

Iowa incentive package

$2.66M

Approved by Iowa Economic Development Authority for Webster City RTD facility

Facility size

400,000 sq ft

Former National Shrimp facility being redeveloped in Webster City, Iowa

RTD capacity

100 million units annually

Expected full-capacity output of shelf-stable RTD beverages

2025 revenue

$12.8M

Full-year 2025 results announced Mar 31, 2026

2025 gross profit

$(0.2M)

Full-year 2025 results, indicating negative gross profit

Store count

6,000 locations

Distribution footprint reported with 2025 results

Q3 2025 revenue

$2.817M

Revenue for quarter ended Sep 30, 2025

Q3 2025 net loss

$4.045M

Net loss for Q3 2025 as reported in 10-Q

Historical Context

5 past events · Latest: Apr 01

5 events

1. Apr 01

   Recognition award

   24h Move

   -7.0%

   Named to 2025 FoodTech 500 for innovation and sustainability leadership.

2. Mar 31

   Full-year results

   24h Move

   -7.0%

   Reported 2025 results and outlined shift into higher-margin RTD and shelf-stable CPG.

3. Mar 25

   Partnership announcement

   24h Move

   -18.3%

   Partnered with Steadfast City to plan Midwest Farm-to-Formula RTD Tetra Pak platform.

4. Mar 24

   Earnings call notice

   24h Move

   -24.7%

   Scheduled Q4 and full-year 2025 results and business update conference call.

5. Mar 10

   Distribution expansion

   24h Move

   -19.5%

   Announced chainwide distribution of USDA Organic herbs at all The Fresh Market stores.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

controlled environment agriculture, ready-to-drink, restricted stock units, preferred stock, +3 more

7 terms

controlled environment agriculture technical

"a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable"

Controlled environment agriculture is the practice of growing fruits, vegetables or herbs inside purpose-built spaces—such as greenhouses or indoor farms—where light, temperature, humidity and water are tightly managed to produce consistent crops year-round. Investors watch it because it turns farming into a predictable, scalable operation (like a factory for plants), affecting yields, costs, supply reliability and price stability, and therefore the revenue and risk profile of businesses involved.

ready-to-drink technical

"ready-to-drink (RTD) beverage production hub. Supported by a recently approved"

"Ready-to-drink" refers to beverages that are pre-made and bottled or canned, requiring no additional preparation before consumption. For investors, it signals a product category that offers convenience and quick consumption, often appealing to busy consumers. This ease of use can drive consistent sales and growth opportunities for companies producing these beverages.

restricted stock units financial

"he received <b>934,579 restricted stock units</b> that convert into common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

preferred stock financial

"completed a $12.0 million acquisition of aquaculture assets by issuing Series B Preferred Stock"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

promissory note financial

"The company also entered a $1.75 million secured promissory note requiring weekly payments."

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

going concern financial

"Management states that <b>substantial doubt exists about the company’s ability to continue as a going concern</b>."

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

8-K regulatory

"filed a current report to disclose that, on January 6, 2026, it issued a press release"

An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.

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Positions Webster City, Iowa Facility as a Clean Nutrition Manufacturing Hub

BELVIDERE, NJ, April 17, 2026 (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 the strategic redevelopment of the former National Shrimp facility in Webster City, Iowa into a new, large-scale, technology-driven ready-to-drink (RTD) beverage production hub. Supported by a recently approved $2.66 million incentive package from the Iowa Economic Development Authority, this initiative reflects the Company’s continued execution of its Farm to Formula® strategy and its move into higher-value, shelf-stable nutrition categories. The 400,000-square-foot facility, previously used for aquaculture operations, is being converted into a high-capacity, automated production plant designed to manufacture shelf-stable RTD nutritional beverages.

The transformation extends Edible Garden’s vertically integrated capabilities beyond cultivation and into value-added food and beverage manufacturing. The facility will focus on producing shelf-stable, plant- and dairy-based protein beverages using advanced precision processing, automation, and sustainable production methods aligned with the Company’s Zero-Waste Inspired® approach.

At full capacity, the facility is expected to produce more than 100 million RTD beverage units annually, positioning Edible Garden to capitalize on the rapidly expanding functional and clean nutrition beverage market. The Company expects broad national distribution, driving revenue diversification and further scaling of its consumer-packaged goods platform.

“We are pleased to receive this support from the State of Iowa as we continue to expand into higher-margin, shelf-stable nutrition categories,” said Jim Kras, Chief Executive Officer of Edible Garden. “This facility represents a natural extension of our Farm to Formula® platform, combining our agricultural expertise, advanced technology, and sustainability-driven approach to produce innovative, better-for-you beverages at scale. The transformation is also expected to enhance supply chain integration and operational efficiency across our business, while supporting broader regional supply chain development and reinforcing our commitment to sustainable, resource-efficient production.”

“This project reflects the Company’s commitment to sustainability in a very tangible way,” said Margaret Riter, Managing Principal at Steadfast City. “It transforms an existing facility into a high-capacity production platform, positioning the Company for long-term growth while driving meaningful, lasting economic impact across the region.” 

ABOUT EDIBLE GARDEN^®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering locally grown, organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired^® next-generation farming model. Available in over 6,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. The Company is also expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) clean nutrition manufacturing hub, supporting its Farm-to-Formula® strategy and its transformation into higher-margin, shelf-stable nutrition categories.

Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).

The Company has been recognized as a FoodTech 500 firm by Forward Fooding, is a multi-year participant in Walmart’s Project Gigaton and a Giga Guru designee and has received NRG’s Excellence in Energy Award for its commitment to measurable environmental performance and energy stewardship. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way^® and Vitamin Whey^®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.

Learn more at https://ediblegardenag.com.

For Pulp products, visit https://www.pulpflavors.com.
For Vitamin Whey® products, visit https://vitaminwhey.com.
For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/.

Watch the Company’s latest corporate video here.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Edible Garden (EDBL) announce on April 17, 2026 about the Webster City facility?

Edible Garden announced conversion of a 400,000-square-foot Webster City facility into an RTD beverage plant. According to the company, the redevelopment repurposes a former aquaculture site and extends vertical capabilities into shelf-stable nutrition manufacturing.

How much funding did Edible Garden (EDBL) secure from Iowa for the RTD facility and what is it for?

Edible Garden secured a $2.66 million incentive from Iowa to support the facility redevelopment. According to the company, the package helps convert the site into an automated, sustainable ready-to-drink beverage production hub.

What production capacity does Edible Garden (EDBL) expect at the new Webster City RTD plant?

The company expects the facility to produce more than 100 million RTD beverage units annually. According to the company, this capacity targets shelf-stable plant- and dairy-based protein beverages for national distribution.

How will the Webster City facility affect Edible Garden’s business strategy and product mix (EDBL)?

The facility expands Edible Garden’s Farm to Formula® strategy into value-added manufacturing and higher-margin shelf-stable products. According to the company, this move diversifies revenue and integrates cultivation with beverage production.

What types of products will Edible Garden (EDBL) produce at the new Iowa facility?

The plant will produce shelf-stable, plant- and dairy-based protein ready-to-drink beverages. According to the company, production will use precision processing, automation, and sustainable, zero-waste inspired methods.