Edible Garden Enters into Warrant Exercise Transaction for $4.2 Million in Gross Proceeds

BELVIDERE, NJ, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announces that it has entered into a warrant exercise agreement with an accredited investor to exercise certain outstanding warrants held by the accredited investor to purchase an aggregate of 2,021,571 shares of common stock of the Company (the “Existing Warrants”). In consideration for the immediate exercise of the Existing Warrants for cash, the exercising holder received new unregistered warrants to purchase an aggregate of 4,043,142 shares of common stock (the “New Warrants”). In connection with the exercise, the Company also agreed to reduce the exercise price of such Existing Warrants to $2.06 per share, which is equal to the most recent closing price of the Company’s common stock on the Nasdaq Capital Market prior to the execution of the warrant exercise agreement.