Edible Garden secures $2.66 million in funding to aid facility development

Edible Garden has announced the redevelopment of the former National Shrimp facility in Webster City, Iowa into a new, large-scale, technology-driven ready-to-drink (RTD) beverage production hub. Supported by a recently approved $2.66 million incentive package from the Iowa Economic Development Authority, this initiative reflects the Company's continued execution of its Farm to Formula® strategy and its move into higher-value, shelf-stable nutrition categories. The 400,000-square-foot facility, previously used for aquaculture operations, is being converted into a high-capacity, automated production plant designed to manufacture shelf-stable RTD nutritional beverages.

The transformation extends Edible Garden's vertically integrated capabilities beyond cultivation and into value-added food and beverage manufacturing. The facility will focus on producing shelf-stable, plant- and dairy-based protein beverages using advanced precision processing, automation, and sustainable production methods aligned with the Company's Zero-Waste Inspired® approach.

At full capacity, the facility is expected to produce more than 100 million RTD beverage units annually, positioning Edible Garden to capitalize on the rapidly expanding functional and clean nutrition beverage market. The Company expects broad national distribution, driving revenue diversification and further scaling of its consumer-packaged goods platform.

"We are pleased to receive this support from the State of Iowa as we continue to expand into higher-margin, shelf-stable nutrition categories," said Jim Kras, Chief Executive Officer of Edible Garden. "This facility represents a natural extension of our Farm to Formula® platform, combining our agricultural expertise, advanced technology, and sustainability-driven approach to produce innovative, better-for-you beverages at scale. The transformation is also expected to enhance supply chain integration and operational efficiency across our business, while supporting broader regional supply chain development and reinforcing our commitment to sustainable, resource-efficient production."

"This project reflects the Company's commitment to sustainability in a very tangible way," said Margaret Riter, Managing Principal at Steadfast City. "It transforms an existing facility into a high-capacity production platform, positioning the Company for long-term growth while driving meaningful, lasting economic impact across the region."