Edible Garden Receives Preliminary Approval to Monetize Tax Credits

MT newswire2026/10/09 13:53

09:53 AM EDT, 10/09/2026 (MT Newswires) -- Edible Garden (EDBL) received preliminary approval to monetize unused net operating losses and research and development tax credits through New Jersey's Technology Business Tax Certificate Transfer Program for fiscal 2026, the company said Friday. The program allows qualified New Jersey-based companies to transfer eligible tax assets to approved corporate buyers in exchange for proceeds, the company said. Edible Garden said the potential proceeds could provide non-dilutive capital to support operations, technology development and growth initiatives. Edible Garden shares were down more than 2% in Friday trading. Price: 1.07, Change: -0.03, Percent Change: -2.73

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