Edible Garden, a controlled environment agriculture company that grows organic herbs and lettuces, filed on Monday with the SEC to raise up to $93 million in an initial public offering.
Edible Garden is a next generation controlled environment agriculture farming company, combining traditional growing techniques with technology to grow organic herbs and lettuces. The company uses the controlled environment of traditional greenhouse structures with hydroponic and vertical greenhouses. Edible Garden currently offers 31 SKUs and expects to further cross sell products across its supermarket partners. It currently sells its products to regional and national supermarkets.
The Belvidere, NJ-based company was founded in 2015 and booked $10 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol EDBL. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
