Edible Garden AG Inc

Edible Garden AG Inc. announced that its 2026 annual meeting of stockholders, which was reconvened on June 25, 2026, has been adjourned. The meeting is now scheduled to reconvene virtually on June 30, 2026, at 10:00 a.m. Eastern Time. The company confirmed that the record date of May 6, 2026, and the proposals for shareholder consideration remain unchanged, with polls staying open during the adjournment.

Edible Garden AG Inc. announced that the Webster City, Iowa, City Council approved a development agreement providing up to $6.3 million in performance-based tax increment financing incentives. This support is for the company's planned $25+ million investment to redevelop and modernize its Prairie Hills facility into a large-scale ready-to-drink (RTD) beverage production hub. The expanded facility is expected to produce over 100 million RTD units annually, advancing the company's Farm-to-Formula® strategy.

Edible Garden AG Inc. announced that its Pickle Party™ product line has been named the 2026 Mindful Award Winner for Overall Plant-Based Snack Product of the Year. The award recognizes innovation, sustainability, and health-consciousness in consumer packaged goods. Pickle Party™ is highlighted as the world's first functional pickle line, offering raw, refrigerated, fermented, Kosher, and Non-GMO pickles and krauts with clean-label ingredients. This recognition underscores Edible Garden's strategy to develop innovative, plant-based products that align with evolving consumer preferences for healthier snacking options.

Edible Garden AG Incorporated announced that its 2026 Annual Meeting of Stockholders was adjourned and will reconvene virtually on June 25, 2026, at 10:00 a.m. Eastern Time. The adjournment aims to provide additional time for shareholders to vote and ensure broader participation. No changes have been made to the proposals, and previously submitted proxies remain valid. The company encourages all eligible shareholders to cast their votes.

Edible Garden AG Inc. has engaged Structura Architects to support the development of its planned Prairie Hills Tetra Pak production facility in Webster City, Iowa. This engagement marks a significant milestone in the company's strategic expansion into clean-label nutrition and ready-to-drink beverages through its Farm-to-Formula® platform. The state-of-the-art facility is designed for large-scale production of shelf-stable nutritional beverages, initially supporting private-label opportunities, and is being developed with scalability for future growth.

Edible Garden AG Inc. reminded shareholders to vote ahead of its Annual Meeting of Stockholders on June 17, 2026. The company highlighted a recently completed logistics transformation in the Metro New York market, shifting to a more efficient direct-to-distribution-center model. This strategic initiative is expected to generate meaningful cost savings, reduce carbon emissions, and support stronger margins for long-term profitable growth. The Board of Directors unanimously recommends voting "FOR" all proposals.

Edible Garden AG Inc. has entered into a Notes Purchase Agreement with Streeterville Capital, LLC, agreeing to issue and sell two promissory notes for an aggregate purchase price of $12,000,000. The notes include a $2,170,000 Promissory Note A-1 with an 8% interest rate and a $10,000,000 Secured Promissory Note B with a 5% interest rate, both maturing in 18 months. The company's obligations are secured by a deposit account and equity interests, and the investor has redemption rights.

Edible Garden AG Inc. announced the successful completion of a significant logistics transformation in the Metro New York market. The Company transitioned from a traditional Direct Store Delivery (DSD) network to a more efficient direct-to-distribution-center and regional distribution model. This strategic initiative is expected to meaningfully reduce operating expenses, including transportation-related costs, and significantly lower carbon emissions, aligning with the Company's sustainability objectives and efforts to improve margins and operational efficiency.

Edible Garden AG Inc. received a delisting notice from Nasdaq on May 27, 2026, for failing to maintain a minimum bid price of $1 per share for 30 consecutive business days. Due to prior reverse stock splits, the company is not eligible for a compliance period. Trading of its securities is set to be suspended on June 5, 2026, unless the company appeals. Edible Garden intends to request a hearing by June 3, 2026, which will temporarily stay the suspension.

Edible Garden AG Incorporated entered into exchange agreements with Streeterville Capital, LLC on May 15, 2026. The company exchanged 1,222 shares of its Series B Preferred Stock, with an aggregate stated value of $1,222,000, for a total of 3,253,455 shares of its common stock. This issuance of common stock was unregistered and conducted pursuant to the exemption provided in Section 3(a)(9) under the Securities Act.