Edible Garden (EDBL) Secures $3.35 Million from Sale of Net Operating Losses
BELVIDERE, NJ, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated, a pioneer in controlled environment agriculture (CEA) and sustainable organic produce, has completed a significant transaction by selling its net operating losses (NOLs). The company, listed under the stock symbol EDBL, has received approximately $3.35 million in gross proceeds through the New Jersey Economic Development Authority’s (NJEDA) Technology Business Tax Certificate Transfer Program.
Understanding the NOL Sale and NJEDA Program
The NJEDA’s Technology Business Tax Certificate Transfer Program allows qualified New Jersey-based tech companies to transfer unused net operating losses and research and development tax credits to approved corporate buyers in return for cash. This program offers eligible companies access to non-dilutive, tax-free capital, which is particularly beneficial as it avoids the need to issue equity or incur additional debt.
CEO's Comments on Financial Strategy and Future Growth
Jim Kras, the Chief Executive Officer of Edible Garden, emphasized the strategic importance of this transaction, stating, “The completion of this NOL sale reflects an important step in strengthening the Company’s financial position. By monetizing previously unused New Jersey net operating losses, we converted tax assets into immediate, non-dilutive liquidity that further strengthens our balance sheet.”
He elaborated that this enhanced financial flexibility permits the company to support ongoing operations while also allowing for continued investment in core business areas. The ability to make disciplined capital allocation decisions is a vital part of their growth and operational efficiency strategies.
About Edible Garden: Innovations in Agriculture
Edible Garden AG Incorporated stands out as a leader in CEA, known for its Zero-Waste Inspired® farming model that emphasizes sustainability and local produce. The company proudly offers its products in over 5,000 retail locations across the United States, Caribbean, and South America.
- Patented Technologies: Edible Garden employs various patented technologies, including GreenThumb 2.0 software and Self-Watering displays, aimed at optimizing growing conditions and extending product shelf life.
- Aquaculture Innovations: The company also holds patents in aquaculture technologies, showcasing its commitment to advancement in this field.
- Sustainability Initiatives: Recognized as a FoodTech 500 firm and a member of Walmart’s Project Gigaton sustainability initiative, Edible Garden emphasizes sustainability in all its operations.
Future Outlook and Growth Opportunities
With an improved balance sheet following the sale, Edible Garden (EDBL) is well-positioned to pursue sustainable, long-term value creation for its shareholders. The company aims to continue enhancing its financial liquidity and cash flow through thoughtful execution and strategic initiatives.
Contact Information
For further inquiries, investors can reach out to Crescendo Communications, LLC at 212-671-1020 or via email at EDBL@crescendo-ir.com.