Edible Garden Plans 1-for-10 Reverse Stock Split to Boost Listing Compliance

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Edible Garden AG will execute a 1-for-10 reverse stock split effective February 3, 2026, consolidating every ten common shares into one without changing authorized shares or ownership percentages. Post-split shares will retain the Nasdaq symbol with new CUSIP 28059P501 and proportional adjustments to warrants and equity awards.

1. Edible Garden Expands Regional Retail Footprint with Hydroponic Basil Launch

Edible Garden has secured shelf space for its Gourmet Greens Hydroponic Basil in all 189 Hannaford Supermarkets across six Northeast states, marking the first time the Company’s branded basil is available in this chain. Hannaford’s network spans Maine, New Hampshire, Vermont, Massachusetts, New York and Connecticut, representing approximately 10 million weekly customer visits. The product is grown in Edible Garden’s controlled‐environment agriculture facilities in Belvidere, NJ and Webster City, IA, and leverages the Company’s proprietary GreenThumb 2.0 software to deliver an average shelf life extension of 30% versus conventional basil. By reducing in-store shrink by an estimated 25%, the partnership is expected to generate incremental revenues of $1.2 million over the next twelve months while reinforcing Edible Garden’s strategy of deepening branded relationships with regional grocers.

2. Company Implements 1-for-10 Reverse Stock Split to Strengthen Market Profile

Effective at 12:01 a.m. ET on February 3, 2026, Edible Garden will combine every ten shares of its common stock into one share, pursuant to stockholder approval granted at the September 24, 2025 annual meeting. The reverse split, authorized within a range of 1-for-5 to 1-for-25, was set at 1-for-10 by the Board to satisfy Nasdaq’s minimum bid price requirement and improve trading stability. The new CUSIP will be 28059P501, while the par value remains $0.0001 per share. Outstanding warrants and equity awards will be adjusted on a proportionate basis, and fractional shares will be rounded up. Management projects the action will enhance liquidity, support institutional interest and maintain compliance with listing standards without altering shareholder ownership percentages.

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