---
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"
generated_at: "2026-06-04T11:54:33.743017+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Edible Garden sells $1.49M future receivables for $1.0M net; weekly payments of $53,250

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001371
- JSON: https://secwatch.observer/filing/0001477932-24-001371.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001371.txt

## Key facts
- Debt Financings
  Edible Garden AG Inc incurred debt of $1,491,000 with Cedar Advance LLC.
  - Principal: $1,491,000
  - Counterparty: Cedar Advance LLC
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/0001477932-24-001371-index.htm
- Material Agreements
  Edible Garden AG Inc entered into Agreement with Cedar Advance LLC valued at $1,491,000 (effective 2024-03-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Cedar Advance LLC
  - Value: $1,491,000
  - Effective: 2024-03-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1809750/000147793224001371/0001477932-24-001371-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.