Edible Garden Announces Pricing of $6.0 Million Public Offering
Summary
Gross proceeds, before deducting placement agent fees and offering expenses, are expected to be approximately $6.0 million.Maxim Group LLC is acting as sole placement agent in connection with this offering.The securities described above are being offered pursuant to a registration statement on Form S-1, as amended (File No. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos. : US 11,158,006 B1, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. In addition, the Company offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products.For more information on Edible Garden go to .This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict including the timing of closing the offering. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.