Edible Garden issues $3.83 million secured note to Streeterville at 8% interest
EDBL•Edible Garden issued Streeterville Capital a $3.83 million secured note at 8% annual interest to finance a $6.33 million Iowa property acquisition.
1. Note and acquisition
Edible Garden issued the five-year note on October 30, 2026, with interest compounded daily. A mortgage on the acquired property, granted by its wholly owned subsidiary Edible Garden Prairie Hills, secures the note. The property acquisition from Iowa Shrimp Holdings also included Series B Preferred Stock valued at $1 million at closing and $1.5 million on September 30; the property is being developed as a ready-to-drink manufacturing facility.
