Edible Garden AG Inc

Listed Company

EDBLCIK 0001809750NasdaqEmerging GrowthAgricultural Production-CropsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$12.81M

Net Income

$-17.33M

Total Assets

$20.60M

Equity

$12.50M

Shares Out

5.21M

Op. Cash Flow

$-11.80M

Business

Edible Garden AG Inc is a controlled environment agriculture company that grows fresh organic food using greenhouse, hydroponic and vertical systems combined with proprietary software to manage production and traceability. It offers live potted herbs, cut herbs, hydroponic basil and wheatgrass, plus packaged consumer products including protein and vitamin powders, nutraceuticals, fermented hot sauces, chili oils, pickles and squeezable herbs. Its key business segments include owned greenhouse operations (Flagship and Heartland), a contract grower network, consumer packaged goods, a technology platform (GreenThumb) and a transportation subsidiary. The company distributes through supermarket and big‑box retail partners, regional distributors, restaurants and e‑commerce channels across the Northeast, Midwest and Mid‑Atlantic United States.

Summary from filing dated 2025-04-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	13	14	14	12	11
Cost of goods sold	13	12	13	11	10
Gross profit	−204,000	2	822,000	364,000	648,000
Selling, general and administrative expenses	16	12	10	9	6
Gain on sale of asset	−1,000	0	—	—	—
Loss from operations	−16	−9	−10	−9	—
Interest expense, net	−1	−1	−390,000	−2	−617,000
Loss from extinguishment of debt	−213,000	−562,000	70,000	—	—
Gain on change in derivative liability	9,000	0	—	—	—
Other income / (loss)	95,000	5,000	5,000	—	—
Total other income (expenses)	−2	−2	—	—	—
NET LOSS	−17	−11	−10	−12	−6
Deemed dividend on warrants	−17	−4	0	—	—
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	−34	−15	−10	—	—
Net Income / (Loss) per common share - basic and diluted (1)	−117.64	−685.62	−1,542	—	—
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted (1)	287,743	21,767	7	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	1	4	510,000	110,000	31,000
Accounts receivable, net	2	2	1	1	—
Inventory, net	2	2	678,000	586,000	360,000
Prepaid expenses and other current assets	912,000	335,000	210,000	62,000	33,000
Total current assets	6	7	3	2	1
Property, equipment and leasehold improvements, net	10	3	4	5	—
Operating lease right-of-use assets	4	1	35,000	—	—
Finance lease right-of-use assets	70,000	114,000	0	—	—
Intangible assets, net	302,000	43,000	47,000	50,000	0
Other assets	35,000	34,000	34,000	161,000	226,000
TOTAL ASSETS	21	12	7	7	4
Accounts payable and other accrued expenses	5	4	—	—	—
Current maturities of operating lease liabilities	225,000	212,000	34,000	—	—
Current maturities of finance lease liabilities	46,000	41,000	0	—	—
Short-term debt, net of discounts	1	2	—	—	—
Derivative liability	79,000	0	—	—	—
Total current liabilities	7	6	3	5	7
Long-term debt, net of discounts	215,000	544,000	4	4	4
Long-term operating lease liabilities	767,000	992,000	0	—	—
Long-term finance lease liabilities	29,000	75,000	0	—	—
Total long-term liabilities	1	2	4	4	—
Total liabilities	8	8	7	9	11
Common stock ($0.0001 par value, 100,000,000 shares authorized, 593,423 and 106,540 shares outstanding as of December 31, 2025 and December 31, 2024, respectively (1))	0	0	1,000	0	1,000
Preferred stock ($1,000 par value, 10,000,000 shares authorized; 15,784 and no shares outstanding as of December 31, 2025 and December 31, 2024, respectively)	16	0	0	0	0
Additional paid-in capital	55	45	30	18	511,000
Obligation to issue shares	322,000	459,000	—	—	—
Accumulated deficit	−59	−41	−30	−20	−8
Total stockholders' equity (deficit)	12	4	−288,000	−2	−7
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	21	12	7	7	4

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bad debt expense	586,000	122,000	38,000	41,000	134,000
Depreciation and amortization	2	1	1	959,000	—
Amortization of operating lease right of use asset	806,000	87,000	92,000	77,000	65,000
Amortization of debt discount	1	1	11,000	909,000	227,000
Gain on sale of asset	−1,000	0	—	—	—
Loss on extinguishment of debt	213,000	562,000	−70,000	—	—
Gain on change in derivable liability	−9,000	0	—	—	—
Stock-based compensation	977,000	144,000	31,000	122,000	0
Stock issued for payment of severance	0	25,000	0	—	—
Other non-cash expenses	0	13,000	5,000	—	—
Accounts receivable	−524,000	−772,000	−182,000	−378,000	−272,000
Inventory	−317,000	−866,000	−92,000	−226,000	−46,000
Prepaid expenses and other current assets	−578,000	−200,000	−148,000	−29,000	—
Other assets	−1,000	0	0	−12,000	—
Accounts payable and accrued expenses	1	1	−185,000	85,000	571,000
Operating lease liabilities	−212,000	−85,000	−92,000	−77,000	−65,000
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES	−12	−9	−9	−9	−4
Purchase of property, equipment and leasehold improvements	−638,000	−303,000	−1	−2	−151,000
Payment of transaction costs in connection with asset acquisition	−360,000	0	—	—	—
Proceed from sale of asset	11,000	—	—	—	—
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES	−987,000	−303,000	−1	−2	−151,000
Proceeds from debt	4	3	175,000	2	4
Payments of debt principal	−6	−6	−2	−3	−124,000
Payment of debt issuance costs	0	−228,000	0	−180,000	0
Proceeds from sale of preferred stock	4	—	—	—	—
Payment of issuance costs in connection with preferred stock offering	−210,000	0	—	—	—
Proceeds from sales of common stock from Equity Distribution Agreement	2	1	0	15	0
Payment of commissions related to sale of common stock	0	−45,000	—	—	—
Proceeds from common stock and warrants issued in public offering	0	12	0	4,000	0
Payment of costs related to public offerings and warrant exchanges	0	−1	—	—	—
Proceeds from common stock warrant exercises	7	4	0	—	—
Principal payments on finance lease liabilities	−41,000	−20,000	0	—	—
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES	10	12	10	11	4
NET CHANGE IN CASH	−2	3	400,000	79,000	26,000
Cash paid for interest	93,000	184,000	341,000	104,000	7,000
Reclassification of Series B preferred stock from temporary to permanent equity	15	0	—	—	—
Assets acquired through issuing preferred stock	12	0	—	—	—
Issuance of common stock for warrant exercise	459,000	0	—	—	—
Issuance of preferred stock to settle preferred return payable	459,000	0	—	—	—
Obligation to issue preferred stock to settle dividends payable	313,000	0	—	—	—
Exchange of preferred stock for common stock	175,000	0	—	—	—
Discount on note payable related to embedded derivative	88,000	0	—	—	—
Lease liabilities arising from obtaining right-of-use-assets	0	1	—	—	—
Unpaid stock issuance costs	0	177,000	—	—	—
Directors & Officers insurance policy purchased with financing	0	75,000	—	—	—
Receivable for common stock exercises	0	68,000	—	—	—

Filings

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