Edible Garden Posts $18.79 Q2 Loss Per Share Amid Cash Crunch
EDBL is trading near its 52-week low of $1.561 (14% above the low) on elevated volume (2.8× avg).
Summary
Edible Garden reported a Q2 loss of $18.79 per share, a massive figure relative to its $1.79 stock price and $3.3M market cap. Revenue increased 12.8% to $3.60 million, while sales increased 31.2% as the company accelerates its Farm-to-Formula® strategy. The company has been burning cash and diluting shareholders through preferred stock conversions, with a going-concern warning already on file. This loss confirms the deterioration and likely accelerates the need for further capital raises under the $50M shelf and $7.2M ATM. Watch for any update on Nasdaq compliance following the July reverse split.
Updates
· SEC 10-Q — The 10-Q shows Q2 revenue of $3.55M, net loss of $3.26M, and cash of $658K as of June 30, 2026. It also discloses a new $13.5M debt financing and Nasdaq extension.
At the time of this announcement, EDBL was trading at $1.79 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.3M. The 52-week trading range was $1.56 to $1,250.96. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.