AcquisitionsOct 30, 2026, 04:11 PM
Edible Garden Acquires Iowa Manufacturing Facility for $6.3M
AI Summary
Edible Garden AG Inc. has completed the acquisition of a real estate and personal property package in Hamilton County, Iowa, for its Prairie Hills ready-to-drink manufacturing facility. The total purchase price was $6,325,000, comprising $1,000,000 in Series B Preferred Stock issued at closing and $1,500,000 in Series B Preferred Stock issued previously. Additionally, the company issued a secured promissory note for $3,825,000, maturing in five years with an 8% annual interest rate, secured by a mortgage on the acquired property. The acquisition was made through a newly formed subsidiary, Edible Garden Prairie Hills LLC.
Key Highlights
- Edible Garden AG Inc. completed the acquisition of a manufacturing facility in Hamilton County, Iowa, for $6,325,000.
- The acquisition was made through a wholly owned subsidiary, Edible Garden Prairie Hills LLC.
- The purchase price included $1,000,000 in Series B Preferred Stock and a $3,825,000 secured promissory note.
- The promissory note matures in five years and carries an 8% annual interest rate.
- The company issued 1,000 shares of Series B Preferred Stock valued at $1,000,000 to Streeterville Capital, LLC.
- An additional 1,500 shares of Series B Preferred Stock valued at $1,500,000 were previously issued to Streeterville.
Price Impact
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