Edible Garden receives Nasdaq extension to March 31, 2025 for bid price compliance

Edible Garden AG Inc

Nasdaq Hearing Panel granted extension until March 31, 2025 to regain compliance with Bid Price Rule (minimum $1/share).
Extension is contingent on achieving scheduled milestones and notifying Nasdaq of such achievement.
Company was ineligible for standard compliance period due to prior reverse stock splits exceeding 250:1 cumulative ratio.
Hearing held January 14, 2025; company intends to meet milestones but provides no assurance of success.
Failure to satisfy milestones may lead to revocation of extension and potential delisting from Nasdaq.

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