{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-24-001371","form_type":"8-K","ticker":"EDBL","cik":"0001809750","company_name":"Edible Garden AG Inc","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.619286+00:00","generated_at":"2026-06-04T11:54:33.743017+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Edible Garden sells $1.49M future receivables for $1.0M net; weekly payments of $53,250","bullets":["Sold $1,491,000 of future accounts receivable for $1,050,000 purchase price; net $1,000,000 after $50,000 fees.","Cedar Advance to withdraw $53,250 per week via ACH until the full $1,491,000 is paid.","Granted Cedar a security interest in all accounts, accounts receivable, and deposit accounts.","Effective financing cost implies ~49% premium over net funds provided; indefinite term until paid in full.","Transaction structured as sale of receivables, not a loan; proceeds for general working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-24-001371","json":"https://secwatch.observer/filing/0001477932-24-001371.json","markdown":"https://secwatch.observer/filing/0001477932-24-001371.md","text":"https://secwatch.observer/filing/0001477932-24-001371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/0001477932-24-001371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/edbl_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T11:54:33.743017+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b989c67b1c95f0e4a77956f2248f2098d2116fd","claim":"Edible Garden AG Inc incurred debt of $1,491,000 with Cedar Advance LLC.","evidence_excerpt":"On March 14, 2024, Edible Garden AG Incorporated (the “Company”) entered into a standard merchant cash advance agreement (the “Agreement”) with Cedar Advance LLC (“Cedar”), dated as of March 12, 2024, pursuant to which the Company sold to Cedar $1,491,000 of its future accounts receivable for a purchase price of $1,050,000, less fees and expenses of $50,000, for net funds provided of $1,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/0001477932-24-001371-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$1,491,000"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"39e97f75b9a842f4b5a16e6247828da3865fc58b","claim":"Edible Garden AG Inc entered into Agreement with Cedar Advance LLC valued at $1,491,000 (effective 2024-03-14).","evidence_excerpt":"On March 14, 2024, Edible Garden AG Incorporated (the \"Company\") entered into a standard merchant cash advance agreement (the \"Agreement\") with Cedar Advance LLC (\"Cedar\"), dated as of March 12, 2024, pursuant to which the Company sold to Cedar $1,491,000 of its future accounts receivable for a purchase price of $1,050,000, less fees and expenses of $50,000, for net funds provided of $1,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/0001477932-24-001371-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Value","value":"$1,491,000"},{"label":"Effective","value":"2024-03-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}