secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001477932-23-001656
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden reports 10% revenue growth in FY 2022; net loss widens to $12.5M
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- FY 2022 revenue $11.6M (+9.9% YoY); net loss $12.5M (($48.68)/share) vs $5.5M loss prior year.
- Q4 2022 revenue $3.1M (+9.9% YoY); net loss $3.0M (($9.13)/share) vs $2.0M loss.
- Acquired Pulp® all-natural sauce line; expected at Whole Foods Mid-Atlantic/Southeast summer 2023.
- Management projects cash flow positive later in 2023; Heartland Midwest facility to improve margins.
- Research partnership with NJIT, USDA, EPA on nanobubble technology for controlled environment agriculture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223001656/0001477932-23-001656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223001656/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001656

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