Edible Garden AG Incorporated
1.6400+0.02 (+1.23%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · EDBL · USD
Key Stats
Market Cap
4.80MP/E (TTM)
0.02Basic EPS (TTM)
77.13Dividend Yield
0%Recent Filings
8-K
Secures $1.75M note financing
Edible Garden AG secured $1.75M in financing via a note to Avondale Capital on August 29, 2025, netting $1.395M after a $350K discount and fees. Weekly $43,750 payments start soon, with no interest unless default, but penalties up to 20% balance hikes loom for breaches like missed filings or new debt. Funds partly repay a prior cash advance; the security on cash and receivables tightens liquidity. Defaults trigger 22% interest.
10-Q
Q2 FY2025 results
Edible Garden AG's Q2 revenue fell 26% y/y to $3.1M, driven by exiting floral and lettuce lines, while core herbs dipped 7% y/y amid softer demand; gross margin shrank to 20.1% from 36.7% on labor and inflation hits. Operating loss widened to $3.6M from $1.2M, fueled by $1.5M higher SG&A from legal fees on the NaturalShrimp deal and franchise taxes. Net loss hit $4.0M, versus $1.9M last year, with the gap to operating loss tied to $0.4M interest and $0.1M debt extinguishment. The May 2025 NaturalShrimp asset close for $12M in Series B preferred stock added $8.0M equipment and $3.5M favorable contracts (4-year life), bolstering aquaculture push. Cash stood at $2.8M with $2.0M debt; financing via $3.3M warrant exercises and $3.0M preferred sale kept liquidity afloat. Free cash flow not disclosed in the 10-Q. Yet customer concentration bites hard.
8-K
Preferred stock reclassified for Nasdaq
Edible Garden AG amended its Series B Preferred Stock designation on August 13, 2025, reclassifying it as permanent equity to boost stockholders' equity to ~$16.6 million pro forma as of June 30, 2025, aiding Nasdaq compliance. This tweak removes SEC filing mandates and aligns liquidation rights with common stock, while Q2 revenue dipped to $3.1 million from exiting low-margin lines like floral and lettuce. Yet core segments surged: non-perishables up 17%, private label 19.1%. Strategic shifts build resilience amid $4.0 million net loss.
8-K
Preferred stock voting capped
Edible Garden AG amended its Series B Preferred Stock certificate on July 29, 2025, capping Streeterville Capital's voting rights at the lesser of 1,305,483 common shares or 9.99% of outstanding common stock on a fully diluted basis. This tweak ensures compliance with Nasdaq standards following the May 2025 issuance tied to an aquaculture asset acquisition and capital infusion. No other terms changed. Voting power stays limited.
8-K
Drops Narayan acquisition
Edible Garden AG Incorporated scrapped its planned acquisition of Narayan d.o.o. and subsidiaries, announced in a January 13, 2025 non-binding letter of intent. After deeper review, the company halted negotiations on June 3, 2025. This pivot frees resources from the stalled deal. No further details on rationale emerged.
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