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Edible Garden AG Incorporated Announces Pricing of $5.65 Million Public Offering

Sep 27, 2024•over 1 year ago

Contract Type

partnership

BelvidereFood and BeverageAgriculture and FarmingFarmingHome And Garden

Description

Edible Garden AG Incorporated has announced the pricing of a public offering of an aggregate of 15,700,650 shares of its common stock, Class A warrants, and Class B warrants at a combined public offering price of $0.36 per share. The closing of the offering is expected to occur on or about September 30, 2024, subject to the satisfaction of customary closing conditions.

Company Information

Company

Edible Garden AG Inc

Location

283 COUNTY ROAD 519

Belvidere, New Jersey, United States

About

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products. The company is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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