Edible Garden Announces Letter of Intent for Strategic Commercialization Alliance

About this update from Edible Garden Ag Incorporated

Proposed Alliance with an Established Strategic Partner Operating in the Sustainable Food and Agriculture Sector Expected to Expand Utilization of Edible Garden's National Distribution Platform, Increase Commercialization Revenue and Further Advance the Company's Asset-Light Transformation BELVIDERE, NJ, June 30, 2026 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated ("Edible Garden" or the "Company") (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today announced that it has entered into a non-binding Letter of Intent ("LOI") with an established strategic partner operating in the sustainable food and agriculture sector to establish a long-term strategic commercialization alliance. Under the proposed alliance, the partner would leverage Edible Garden's proprietary technologies, commercialization expertise and established national retail distribution network to accelerate commercialization and expand sales of its products. The proposed alliance represents a significant step in Edible Garden's strategy to expand its commercialization platform through strategic partnerships. The alliance is expected to increase utilization of the Company's existing technology, infrastructure and commercialization platform while creating new recurring commercialization revenue opportunities and supporting initiatives designed to improve operating efficiency and reduce operating costs over time. The Company also expects the proposed alliance to enable management to further concentrate its financial and operational resources on its highest-growth initiatives, including Farm-to-Formula®, clean-label nutrition and its ready-to-drink ("RTD") manufacturing platform. Under the proposed alliance, the partner would continue to manufacture its products while utilizing Edible Garden's proprietary technologies, commercialization capabilities, nationally recognized brand, and established retail distribution network to expand market penetration. The proposed structure is designed to leverage the complementary strengths of both organizations, creating a scalable, capital-efficient model capable of supporting future strategic partnerships. "This proposed alliance represents a significant step in executing our strategy to leverage Edible Garden's proprietary technologies, commercialization expertise and ...

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