---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-002562"
form_type: "8-K"
ticker: "EDBL"
cik: "0001809750"
company_name: "Edible Garden AG Inc"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:25:38.759888+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Edible Garden sells additional $994K in future receivables for $700K; total financing $2.49M

## Summary
- Agreement with Cedar Advance: $994K in future accounts receivable sold for $700K; net after $87.5K fees is $544.25K additional.
- Total financing now $2.485M receivables sold for $1.544M net; weekly payments of $65K (35% of collections) until repaid.
- Amends and restates prior March 12, 2024 agreement; terms include 35% Specified Percentage and $65K weekly estimated payment.
- Funds used for general corporate purposes; the transaction is not a loan but a sale of future receivables.

## SEC filing metadata
- accession: 0001477932-24-002562
- form_type: 8-K
- ticker: EDBL
- cik: 0001809750
- company_name: Edible Garden AG Inc
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1809750/000147793224002562/0001477932-24-002562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1809750/000147793224002562/edbl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-002562
- JSON: https://secwatch.observer/filing/0001477932-24-002562.json
- Plain text: https://secwatch.observer/filing/0001477932-24-002562.txt

## Key facts
- Debt Financings
  Edible Garden AG Inc incurred debt of $2,485,000 with Cedar Advance LLC maturing until the $2,485,000 due to Cedar under the Restated Agreement is paid in full.
  - Principal: $2,485,000
  - Counterparty: Cedar Advance LLC
  - Maturity: until the $2,485,000 due to Cedar under the Restated Agreement is paid in full
  - Event: incurrence
  source text: On May 7, 2024, Edible Garden AG Incorporated (the “Company”) entered into an amended and restated standard merchant cash advance agreement (the “Restated Agreement”) with Cedar Advance LLC (“Cedar”), dated as of May 3, 2024, that amends and restates in its entirety, the standard merchant cash advance agreement with Cedar, dated as of March 12, 2024 (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1809750/000147793224002562/0001477932-24-002562-index.htm
- Material Agreements
  Edible Garden AG Inc amended Restated Agreement with Cedar Advance LLC valued at $994,000 (effective 2024-05-03).
  - Action: amendment
  - Counterparty: Cedar Advance LLC
  - Value: $994,000
  - Effective: 2024-05-03
  source text: On May 7, 2024, Edible Garden AG Incorporated (the “Company”) entered into an amended and restated standard merchant cash advance agreement (the “Restated Agreement”) with Cedar Advance LLC (“Cedar”), dated as of May 3, 2024, that amends and restates in its entirety, the standard merchant cash advance agreement with Cedar, dated as of March 12, 2024 (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1809750/000147793224002562/0001477932-24-002562-index.htm

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