Edible Garden AG Incorporated has appointed Matthew McConnell, a 40-year veteran of capital markets, to join its senior leadership team as Executive Vice President of Strategic Partnerships. McConnell, who has held senior roles at Morgan Stanley, HSBC, Fidelity and Bank of America and most recently served as Head of Equity Capital Markets at BancTrust Securities and CEO of Marco Polo Securities, will lead investor and partner engagement efforts. As a long-standing member of the audit, compensation and nominating committees, he is poised to drive the Company’s market expansion across over 5,000 retail outlets in the United States, Caribbean and South America. CEO Jim Kras highlighted McConnell’s expertise in cross-border regulatory environments, equity issuance and strategic business development as critical to scaling Edible Garden’s controlled environment agriculture operations and unlocking sustainable shareholder value.

On January 7, 2026, Edible Garden finalized the sale of its unused New Jersey net operating losses under the NJEDA Technology Business Tax Certificate Transfer Program, generating gross proceeds of approximately $3.35 million. The transaction converts previously dormant tax assets into immediate, non-dilutive liquidity, strengthening the balance sheet and enhancing operational cash flow flexibility. CEO Jim Kras noted that the added financial headroom will support investment in core CEA facilities—such as the Heartland greenhouse in Grand Rapids and the Prairie Hills site in Webster City—while enabling disciplined capital allocation toward strategic partnerships and technology enhancements like the patented GreenThumb 2.0 software and Self-Watering in-store displays.