Financing ·
Edible Garden AG Inc. entered into a Real Estate Purchase Contract on September 30, 2026, to acquire the Webster City…
EDBLEdible Garden AG Inc
Edible Garden AG Inc. entered into a Real Estate Purchase Contract on September 30, 2026, to acquire the Webster City, Iowa property currently leased by its affiliate for $6,325,000. The purchase price is satisfied through the issuance of 1,500 shares of Series B Preferred Stock valued at $1,500,000 and a secured promissory note with an original principal amount of $3,825,000 bearing 8% annual interest maturing in five years. An additional 1,000 preferred shares valued at $1,000,000 will be issued at closing. The transaction includes a 20-day due diligence review period, with closing expected shortly thereafter. Edible Garden AG Inc. operates in the controlled environment agriculture industry, producing organic produce and expanding into ready-to-drink nutrition manufacturing.