Edible Garden Q2 revenue down 28% to $3.1M; net loss widens; reclassifies preferred stock for Nasdaq compliance

Edible Garden AG Inc

2025-Q2 EPS reported -$9.95 revenue$5,864,000

Revenue $3.1M in Q2 2025, down 28% from $4.3M in Q2 2024; net loss widened to $4.0M from $1.9M.
Strategic exit from low-margin floral and lettuce removed $741K revenue; non-perishable up 15%, international vitamins up 66.5%.
Gross profit fell to $634K from $1.56M; SG&A rose to $4.2M from $2.7M on legal & acquisition costs.
Reclassified Series B Preferred Stock as permanent equity; pro forma equity would be $16.6M, meeting Nasdaq Listing Rule 5550(b)(1).

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