Edible Garden Secures $3.35 Million Through Sale of New Jersey Net Operating Losses
Edible Garden AG Incorporated (Nasdaq: EDBL) announced on January 7, 2026, that it has received approximately $3.35 million in gross proceeds from the sale of its net operating losses via the NJEDA Technology Business Tax Certificate Transfer Program.
Summary
The transaction allows Edible Garden to monetize its unused New Jersey net operating losses (NOLs) and research and development tax credits by transferring them to approved corporate buyers. This move is part of the New Jersey Economic Development Authority's initiative to support innovation-driven companies by providing non-dilutive liquidity. The capital infusion comes as the company continues to expand its controlled environment agriculture (CEA) footprint and sustainable produce offerings. Market participants view this as a strategic move to strengthen the balance sheet without issuing new equity.
Potential Positives
- Immediate non-dilutive capital infusion of $3.35 million strengthens the company's cash position without impacting shareholder equity.
- Monetization of tax assets provides liquidity to fund ongoing operations and expansion in the controlled environment agriculture sector.
- Validation of the company's status as a qualified innovation-driven technology firm by the NJEDA.
Potential Negatives
- The sale of NOLs reduces the company's ability to offset future taxable income in the state of New Jersey once it reaches profitability.
- Reliance on tax credit sales may signal that the company is still in a pre-profitability phase with high operational burn rates.
- Future availability of such programs is subject to state legislative changes and program funding limits.
FAQ
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewsWire. The model used to summarize this release may make mistakes. See the full release here.
Receive $EDBL Data Alerts
Sign Up$EDBL Revenue
$EDBL had revenues of $2.8M in Q3 2025.This is an increase of 9.02% from the same period in the prior year.
You can track financials on financials dashboard.
$EDBL Insider Trading Activity
$EDBL insiders have traded $EDBL stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EDBL stock by insiders over the last 6 months:
- Kras James E. (President and CEO) has made 1 purchases buying 3,700 shares for an estimated $2,050.17.
To track insider transactions, check out insider trading dashboard.
