Edible Garden signs LOI to acquire Narayan Group, targeting combined >$60M revenue in 2025

Edible Garden AG Inc

Non-binding LOI to acquire Narayan Group, a Slovenian producer of organic coconut and superfood products.
Narayan reported $22M revenue in first 9 months of 2024; expects ~$31.5M annual revenue for FY 2024.
Narayan had $26.9M revenue, $0.9M net income, and $3.0M EBITDA in FY 2023.
Combined entity expects over $60M in revenue in 2025, per company projection.
Acquisition would expand Edible Garden's reach into European and North American markets.

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