secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001477932-22-008289
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden Q3 revenue $2.8M (+12.5% YoY); net loss widens to $2.1M; acquires Heartland facility
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- Revenue $2.8M (+12.5% YoY); net loss $2.1M ($0.24/sh) vs $1.1M ($0.28/sh) in Q3 2021.
- Nine-month revenue $8.5M (+10% YoY); net loss $9.5M ($1.36/sh) vs $3.4M ($0.86/sh) YoY.
- Acquired five-acre greenhouse in Grand Rapids, MI; expects operations by year-end, supporting up to $20M annualized revenue.
- Launched three new salad kits; two already at Meijer retail locations across the Midwest.
- SG&A rose to $1.9M (Q3) from $1.2M due to IPO-related costs and higher payroll.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793222008289/0001477932-22-008289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793222008289/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer