Edible Garden (EDBL) Registration Filing summary

Company overview and business model

• Operates as a controlled environment agriculture (CEA) farming company using greenhouse, hydroponic, and vertical farming to grow organic herbs and vegetables sustainably and with enhanced traceability.

• Employs proprietary GreenThumb software for supply chain tracking, quality control, and inventory management, supporting sustainability and operational efficiency.

• Focuses on local production, sustainability, and brand development, offering 115 SKUs including herbs, hydroponic basil, sauces, and other consumer products as of September 30, 2025.

• Holds food safety certifications and complies with USDA Organic, non-GMO, and FDA standards, aiming to build a national brand through local partnerships.

Financial performance and metrics

• Reported net losses of $11.4 million for the nine months ended September 30, 2025, and $11.051 million for the year ended December 31, 2024.

• Accumulated deficit of $52.7 million as of September 30, 2025; operating activities used $9.1 million in the first nine months of 2025 and $8.5 million in 2024.

• Auditor's report includes a going concern explanatory paragraph, expressing substantial doubt about the ability to continue as a going concern for the next twelve months.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of shares by selling stockholders.

• May receive up to $8.3 million in gross proceeds from cash exercise of warrants, intended for working capital and general corporate purposes.

• Actual proceeds depend on warrant holders exercising at $2.06 per share; likelihood of exercise is tied to market price, which was $1.44 per share as of November 10, 2025.