Edible Garden to acquire Iowa RTD plant for $6.325M from Iowa Shrimp, paying Streeterville in preferred and note

Edible Garden AG Inc

Purchase price is $6,325,000 for Hamilton County, Iowa property: 6.2-acre Webster City building, land, equipment and fixtures, bought from Iowa Shrimp Holdings, LLC.
Paid to Streeterville Capital: 1,500 Series B preferred shares ($1.5M, non-refundable) issued Sept 30, 2026; 1,000 more ($1M) at closing; $3,825,000 secured note at 8%.
Note matures five years after issuance and is secured by a new mortgage; Streeterville will release two existing mortgages on the property.
Company has a 20-day review period from Sept 30, 2026 and may terminate at its sole discretion; closing expected five days after review period ends.
Prairie Hills facility is being developed for 100+ million RTD units using Tetra Pak technology, targeting protein, functional wellness and clean-label beverages.

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