Edible Garden Monetizes $3.35M NOL, Reports 26.4% Holiday Sales Growth

EDBLEDBL

Edible Garden completed the sale of New Jersey net operating losses under the NJEDA program, receiving approximately $3.35 million in non-dilutive proceeds. It also reported a 26.4% year-over-year increase in holiday sales, with cut and potted herbs up 26.7% and 25.0%, hydroponic basil up 16.4%, and wheatgrass sales nearly doubling.

1. Edible Garden Completes $3.35 Million NOL Sale

Edible Garden AG Incorporated has finalized the sale of approximately $3.35 million in New Jersey net operating losses under the NJEDA Technology Business Tax Certificate Transfer Program. This transaction converts previously unused state tax assets into non-dilutive, tax-free capital, bolstering the Company’s balance sheet without issuing equity or incurring additional debt. CEO Jim Kras highlighted that this infusion strengthens liquidity, supports ongoing operations and strategic growth initiatives, and enhances the Company’s ability to allocate capital toward expanding its controlled environment agriculture (CEA) network and improving operational efficiency.

2. Preliminary Holiday Sales Surge 26.4%

During the December 14–31, 2025 key holiday selling period, Edible Garden reported a 26.4% year-over-year increase in preliminary sales. Growth was broad-based: cut herbs rose 26.7%, potted herbs increased 25.0%, hydroponic basil gained 16.4%, and wheatgrass sales nearly doubled versus the prior year. Specialty condiments and fermented products also contributed to top-line gains. The Company’s distribution footprint expanded to more than 5,000 retail locations nationwide, supported by online channels including Amazon and PriceSmart, and partnerships with major grocers such as Walmart, Target and H Mart. Management emphasized that industry-leading fulfillment rates and the Zero-Waste Inspired® farming model were key drivers of performance during this critical period.

Sources

GG