Edible Garden gets preliminary NJEDA approval to sell up to $3.35M in tax credits

Edible Garden AG Inc

NJEDA preliminarily approved Edible Garden's application under the NOL Program for FY2025, authorizing sale of up to ~$3.35M in unused NJ NOLs and R&D credits.
If completed, the transaction could generate up to $3.35M in non-dilutive cash proceeds for working capital, R&D, and growth initiatives.
Sale remains subject to identifying an approved corporate buyer, final allocation, and NJEDA compliance approval.
Program is part of New Jersey's $75M annual allocation to foster innovation; CEO Jim Kras highlighted the non-dilutive capital benefit.
Company trades on Nasdaq under tickers EDBL and EDBLW.

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