US (NJ): Edible Garden regains compliance with Nasdaq minimum bid price requirement

Edible Garden AG announced that on April 8, 2025, it received formal notice from Nasdaq that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550 as required by the decision of the Nasdaq Hearings Panel dated February 12, 2025. Additionally, pursuant to the notice, the Company will be subject to a Panel Monitor, as defined by Nasdaq Listing Rule 5815(d)(4)(A), through April 8, 2026.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to have regained compliance with the Bid Price Rule, which is a crucial milestone that reflects our team's continued dedication to strengthening the foundation of our business. Maintaining our Nasdaq listing is vital to the Company's long-term strategy, offering important credibility and exposure within the capital markets as we work to drive shareholder value. As we look ahead, we are committed to disciplined execution and innovation, positioning Edible Garden for long-term success in the rapidly growing sustainable foods market."