Edible Garden AG Incorporated develops controlled environment agriculture products and related consumer packaged goods. The company grows and distributes locally grown organic herbs, lettuces, wheatgrass and other fresh produce through greenhouse, hydroponic and vertical growing methods, supported by its Zero-Waste Inspired® farming model, GreenThumb software and self-watering in-store displays.
Recurring company news covers financial results, retail distribution for fresh-cut and potted herbs, greenhouse operations, contract grower relationships, and expansion of shelf-stable and refrigerated nutrition products. Updates also address the company’s Farm to Formula® strategy, ready-to-drink beverage initiatives, packaging and production infrastructure, and branded consumer products such as Vitamin Whey®, Kick. Sports Nutrition and Pulp.
Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) has announced the pricing of its initial public offering (IPO), offering 2,930,000 shares at $5.00 each, alongside warrants. The company aims to raise approximately $14.7 million, with plans to utilize proceeds for working capital, debt repayment, and greenhouse construction. The stock is expected to commence trading on May 5, 2022. An additional 439,500 shares may be purchased by underwriters to cover over-allotments. The IPO's closing is anticipated on May 9, 2022, subject to customary conditions.