other material
confidence high
sentiment neutral
materiality 0.40
Edible Garden signs non-binding MOU with Square Roots to co-develop RTD beverages
Edible Garden AG Inc
- MOU with Square Roots Urban Growers for co-developing clean-label functional ready-to-drink beverages.
- Three-phase program: Square Roots leads Phase 1 (Discovery) and Phase 2 (Crop Selection); Edible Garden leads Phase 3 (Formulation).
- Commercial manufacturing to occur at Edible Garden's RTD beverage facility; aims for farm-to-formula.
- Square Roots founded by Kimbal Musk and Tobias Peggs; Edible Garden products in 6,000+ retail locations.
- No financial terms disclosed; agreement is non-binding and subject to further negotiation.