secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001477932-24-000643
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden signs 3-year distribution deals with major retailer; expects $18-20M revenue
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- Supply agreements with Meijer Distribution for fresh-cut herbs, hydroponic basil, potted herbs, and wheatgrass.
- Expected revenue of $18-$20 million over the three-year initial term ending December 31, 2026.
- Edible Garden to fund ~$800,000 in in-store display fixtures, deducted weekly from receivables.
- Agreements effective January 1, 2024; renewable for two additional years by mutual consent.
- Prices renegotiated annually with CPI cap; company may terminate if price increase not agreed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224000643/0001477932-24-000643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224000643/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000643

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