Edible Garden Receives Preliminary Approval to Sell Tax Credits Through New Jersey Economic Development Authority (NJEDA) Program
Key Highlights
- ➤Edible Garden receives preliminary approval for New Jersey’s FY2026 NOL Program.
- ➤Program could monetize unused NOLs and R&D credits into non-dilutive capital.
- ➤Final allocation, corporate buyer, transaction, and regulatory approvals remain required.
- ➤Potential proceeds would support operations, innovation, efficiency, and long-term growth initiatives.
Expert Statements
Jim Kras, Chief Executive Officer of Edible Garden
“We appreciate the continued support of the New Jersey Economic Development Authority and its commitment to fostering innovation and business development throughout the state. This program provides an important opportunity to unlock the value of our existing tax assets and potentially access additional capital to support our ongoing growth initiatives. It also reinforces our focus on maintaining financial flexibility while continuing to invest in innovation and operational efficiency.”
Jim Kras, Chief Executive Officer of Edible Garden
“As we continue to optimize our operations, advance our proprietary technologies, and expand our product offerings, the potential proceeds from this program could provide valuable resources to support these efforts. We remain focused on strengthening our financial position, managing our resources efficiently, and executing our strategy to build a more scalable and sustainable business that creates long-term value for our shareholders.”
Program Provides Opportunity for Non-Dilutive Capital to Support Innovation, Operational Efficiency, and Long-Term Growth
BELVIDERE, NJ, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), organic and sustainable produce, and developer of the Zero-Waste Inspired® mission and Farm-to-Formula® platform, today announced that the New Jersey Economic Development Authority (NJEDA) has preliminarily approved the Company’s application under the Technology Business Tax Certificate Transfer Program, also known as the Net Operating Loss (NOL) Program, for State Fiscal Year 2026.
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