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Edible Garden Priced, Nasdaq: EDBL

Controlled environment agriculture company that grows organic herbs and lettuces.

Industry: Consumer Staples

Latest Trade: $0.16 0.00 (0.0%)

First Day Return: -42.2%

Return from IPO: -100.0%

Industry: Consumer Staples

Edible Garden is a next generation controlled environment agriculture (“CEA”) farming company. We use traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. We use the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces. In our hydroponic greenhouse, we grow plants without soil. Instead of planting one row of lettuce in the ground, by using a vertical greenhouse, we can grow many towers of lettuce in the same area by planting up instead of planting across. Growing these products sustainably means that we avoid depleting natural resources in order to maintain an ecological balance, such as by renewing, reusing and recycling materials in order to lower the overall one-time use of materials. Our controlled greenhouse facilities allow us to grow consistent quality herbs and lettuces year-round, first by eliminating some of the variability of outdoor farming with our CEA techniques, and second by leveraging our proprietary software, GreenThumb. In addition to using hydroponic and vertical greenhouse systems, we use a “closed loop” system in our greenhouses.
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IPO Data
IPO File Date 11/01/2021
Offer Price $5.00
Price Range $6.00 - $8.00
Offer Shares (mm) 2.9
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/04/2022
Offer Price $5.00
Price Range $6.00 - $8.00
Offer Shares (mm) 2.9
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Joseph Gunnar
Company Data
Headquarters Belvidere, NJ, United States
Founded 2015
Employees at IPO 43
Website www.ediblegarden.com

Edible Garden (EDBL) Performance