Edible Garden AG Inc

Edible Garden AG Inc. has entered into a Real Estate Purchase Contract to acquire a 6.2-acre property in Webster City, Iowa, for $6,325,000. This property is being developed as the Company's Prairie Hills ready-to-drink manufacturing facility. The acquisition will transition Edible Garden from a tenant to an owner, granting long-term control over a key manufacturing asset. The purchase price will be paid through a combination of Series B Preferred Stock ($2,500,000 total) and a secured promissory note ($3,825,000) with an 8% annual interest rate. The transaction is subject to a 20-day due diligence period.

Edible Garden AG Inc. announced it has been awarded fresh-cut herb distribution through a key Target Midwest distribution center. This expansion is expected to significantly increase the distribution of the company's premium fresh-cut herb portfolio across a broad network of Target stores in the Midwest. The company believes this validates its differentiated operating model, which combines regional production and efficient supply chain management, and supports its broader strategy of leveraging existing customer relationships and infrastructure for future growth in nutrition and wellness products.

Edible Garden AG Inc. has entered into an Equity Distribution Agreement with Maxim Group LLC to establish an at-the-market (ATM) offering program. Under this agreement, the company may sell shares of its common stock for an aggregate offering price of up to $7,195,548. The offering will be conducted through Maxim Group LLC, which will receive a 3.0% commission on the gross proceeds from shares sold.

Edible Garden AG Inc. announced it will host a conference call on Friday, August 14, 2026, at 8:00 AM Eastern Time. The purpose of the call is to discuss the company's financial results for the second quarter ended June 30, 2026, and to provide a general business update. Investors can access the call via telephone or webcast, with replay options available for both.

Edible Garden AG Inc. reported a sharp increase in product demand from national and regional retailers, driven by market consolidation and the company's operational excellence. The company has available capacity and is actively engaged in new and expanded retail programs, including a multi-year agreement with a major Midwest retailer, expanded distribution with Walmart, and a new program with Target. For Q1 2026, Edible Garden reported revenue growth of 22.9% to $3.3 million, with cut herb sales up 45.9%, reflecting its capital-efficient growth strategy and strong fulfillment rates.

Edible Garden AG Inc. announced an expanded multi-year supply agreement with a major Midwest big-box retailer, extending the partnership through December 31, 2028. This agreement significantly broadens the company's private label fresh herb program, covering over 20 products across the retailer's Midwest operations. The deal reinforces Edible Garden's role as a trusted supplier and supports its strategic growth initiatives, including the expansion of its Midwest production and distribution capabilities and the advancement of its Farm-to-Formula strategy.

Edible Garden AG Inc. has entered into a new multi-year purchase agreement with Meijer Distribution, Inc., effective January 1, 2027, and extending through December 31, 2028. This agreement replaces existing contracts and significantly broadens Edible Garden's private label fresh herb program across Meijer's Midwest stores. The deal reinforces Edible Garden's position as a trusted supplier and supports its long-term retail growth strategy.

Edible Garden AG Inc. announced that the Nasdaq Hearings Panel has granted its request for continued listing on The Nasdaq Stock Market. This approval is conditional on the company demonstrating compliance with the minimum $1.00 closing bid price requirement by August 15, 2026. Following a 1-for-45 reverse stock split effective July 13, 2026, the company's bid price has consistently remained at or above $1.00 per share. CEO Jim Kras expressed satisfaction with the decision, stating it allows the company to focus on strategic initiatives like the Webster City facility and expansion into higher-margin nutrition categories.

Edible Garden AG Inc. received an extension from the Nasdaq Hearing Panel until August 15, 2026, to regain compliance with the minimum $1 bid price rule. The extension is conditional on demonstrating compliance and maintaining other listing standards. The Panel will retain jurisdiction until November 23, 2026, with immediate delisting if compliance is not maintained. The company previously effected a 1-for-45 reverse stock split on July 13, 2026, and its stock has traded above $1 since then.

Edible Garden AG Inc. announced a significant expansion of its fresh cut herb distribution with Walmart across the Mid-Atlantic region. This initiative is expected to substantially increase the availability of the company's premium herbs and deepen its relationship with Walmart. The expansion leverages Edible Garden's scalable controlled environment agriculture network and GreenThumb 2.0™ technology, with initial shipments anticipated in the third quarter of 2026.