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Edible Garden Receives Preliminary Approval to Sell Tax Credits Through New Jersey Economic Development Authority (NJEDA) Program

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  • Edible Garden AG Incorporated (NASDAQ: EDBL, EDBLW) announced preliminary approval from the New Jersey Economic Development Authority (NJEDA) for its Technology Business Tax Certificate Transfer Program application.
  • The approval covers the State Fiscal Year 2026 Net Operating Loss (NOL) Program, allowing the company to monetize unused net operating losses & research and development tax credits.
  • Final allocation, identification of an approved corporate buyer, & completion of a transaction are required before the program can provide non-dilutive capital.
  • Potential proceeds would support ongoing operations, strategic initiatives, & long-term growth objectives including the expansion of ready-to-drink beverage capabilities.
  • CEO Jim Kras stated the program helps unlock tax asset value while maintaining financial flexibility to invest in innovation & operational efficiency.
  • The company continues to optimize its vertically integrated operations using proprietary GreenThumb 2.0 technology & expanding its product portfolio.
  • Edible Garden operates state-of-the-art facilities in Michigan, Iowa, & New Jersey, with plans to transform its Prairie Hills site into a ready-to-drink manufacturing hub.
  • The company holds multiple patents for greenhouse software, self-watering displays, & advanced aquaculture technologies.
  • Edible Garden markets brands including Vitamin Way, Vitamin Whey, Kick. Sports Nutrition, Pulp, & Pickle Party across over 6,000 retail locations.