Edible Garden Buys Prairie Hills RTD Facility for $6.3M, Pays with Preferred Stock and Secured Note
EDBL is trading near its 52-week low of $1.11 (7.2% above the low).
Summary
Edible Garden agreed to buy its Prairie Hills RTD facility in Iowa for $6.3 million, paying with $2.5 million in Series B preferred stock and a $3.8 million secured note carrying 8% daily-compounding interest.
Key Events · M&A and Partnerships · EDBL
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Prairie Hills Facility Acquisition
Edible Garden entered a Real Estate Purchase Contract to buy the Webster City, Iowa property housing its Prairie Hills RTD facility from Iowa Shrimp Holdings for $6,325,000, transitioning from tenant to owner.
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Financing Structure
Purchase price paid via 1,500 Series B preferred shares ($1.5M, non-refundable, already issued), 1,000 additional preferred shares ($1.0M) at closing, and a $3,825,000 secured promissory note to Streeterville Capital.
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Note Terms
The note matures in 5 years at 8% annual interest compounded daily, with a 5% monitoring fee after year one and a 120% prepayment penalty on approved Fundamental Transactions during the first two years.
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Due Diligence Window
Edible Garden has a 20-day review period ending October 20, 2026, to terminate the contract for any reason; closing is expected five days after the review period expires.
Analysis · EDBL · Industrial Applications And Services
Edible Garden is converting its Prairie Hills ready-to-drink facility from a lease to ownership, paying $6.3 million through a mix of Series B preferred stock and a secured note. The deal locks in a strategic manufacturing asset central to the Farm-to-Formula platform, but the financing terms are expensive — 8% daily-compounding interest, a 5% monitoring fee, and a 120% prepayment penalty on early exits. Against a backdrop of going-concern warnings and a Nasdaq delisting threat, this is a significant capital commitment that deepens the company's obligations to Streeterville Capital while securing long-term control of a key production site.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EDBL was trading at $1.19 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2.3M. The 52-week trading range was $1.11 to $1,250.96. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.