Edible Garden Announces Reverse Stock Split of the Company's Common Stock

Core Viewpoint - Edible Garden AG Incorporated announced a planned reverse stock split of its common stock at a ratio of 1-for-10, effective February 3, 2026, to comply with Nasdaq's listing requirements and improve the trading profile of its shares [1][3]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its innovative farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4]. - The company operates advanced vertically integrated greenhouses and processing facilities, including locations in Grand Rapids, Michigan, Webster City, Iowa, and Belvidere, New Jersey [4]. Reverse Stock Split Details - The reverse stock split was approved by stockholders on September 24, 2025, allowing the board to set the exact ratio within a range of 1-for-5 to 1-for-25, which was determined to be 1-for-10 [2]. - Post-split, the new CUSIP number will be 28059P501, with the par value per share remaining at $0.0001, and adjustments will be made to outstanding warrants and equity awards [2]. CEO Commentary - The CEO stated that the reverse stock split aims to maintain compliance with Nasdaq requirements and enhance the market perception of the company's shares while focusing on executing its business strategy [3]. Technology and Innovations - Edible Garden's proprietary GreenThumb 2.0 software optimizes greenhouse conditions and reduces food miles, while its patented Self-Watering display extends plant shelf life [5]. - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and a modular recirculating aquaculture setup [5]. Product Offerings - The company markets a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments [6].