secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001477932-25-000170
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225000170/0001477932-25-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225000170/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-000170

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