M&A - Edible Garden AG Inc

Form Type: 10-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225002281

Filing Summary: Edible Garden AG Incorporated reported on its acquisition strategy focused on enhancing greenhouse capacity to reduce reliance on contract growers and improve earnings potential. In 2022, the company acquired a five-acre greenhouse facility in Grand Rapids, Michigan, for $2.886 million. This facility has transitioned to focus on growing herbs and has positively contributed to the company's gross margin by decreasing sales costs associated with contract growers. The company is also engaged in ongoing development at this facility to enhance product offerings, particularly plant-based proteins and nutraceuticals, while expanding market channels. The strategic focus on growth through acquisitions targets expanding both capacity and consumer product offerings to leverage existing distribution channels effectively.

Document Link: View Document

Form Type: 8-K

Filing Date: 2025-01-13

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225000170

Filing Summary: On January 13, 2025, Edible Garden AG Incorporated issued a press release announcing its entry into a non-binding letter of intent to acquire Narayan, proizvodnja in veletrgovina, d.o.o. This acquisition marks a strategic move for the company, enhancing its market presence and expanding its operational capabilities. The press release is attached as Exhibit 99.1 of the Form 8-K filing. The document also confirms that Edible Garden AG remains an emerging growth company and has not chosen to utilize the extended transition period for accounting standards.

Document Link: View Document