Edible Garden AG Incorporated has entered into a non-binding Letter of Intent (LOI) with an established strategic partner in the sustainable food and agriculture sector to establish a long-term strategic commercialization alliance. The proposed partnership is designed to expand the utilization of Edible Garden's national distribution platform, increase commercialization revenue, and further advance the company's asset-light transformation. Under the terms of the LOI, the partner will utilize Edible Garden's proprietary technologies, commercialization expertise, and established national retail distribution network to accelerate the commercialization and sales of its products.

Strategic Objectives and Operational Impact

The alliance represents a significant step in Edible Garden's strategy to expand its commercialization platform through strategic partnerships. By leveraging the complementary strengths of both organizations, the proposed structure aims to create a scalable, capital-efficient model capable of supporting future strategic partnerships. The company expects the alliance to increase utilization of its existing technology, infrastructure, and commercialization platform while creating new recurring revenue opportunities. Additionally, the initiative is intended to support efforts designed to improve operating efficiency and reduce operating costs over time.

Focus on High-Growth Initiatives

Management expects the proposed alliance to enable the company to concentrate its financial and operational resources on its highest-growth initiatives. These include the Farm-to-Formula® strategy, clean-label nutrition, and the ready-to-drink (RTD) manufacturing platform. The partner will continue to manufacture its products while utilizing Edible Garden's proprietary technologies, commercialization capabilities, nationally recognized brand, and established retail distribution network to expand market penetration.

Executive Commentary

Jim Kras, Chief Executive Officer of Edible Garden, emphasized the strategic value of the alliance. "This proposed alliance represents a significant step in executing our strategy to leverage Edible Garden's proprietary technologies, commercialization expertise and established national retail distribution network through strategic partnerships," Kras stated. He noted that these capabilities are valuable strategic assets that can help innovative companies accelerate growth while creating new revenue opportunities for Edible Garden. Kras further highlighted that the alliance establishes a scalable framework for future partnerships, supporting the company's transformation into a more capital-efficient, asset-light business.

Forward-Looking Statements and Caution

The Letter of Intent is non-binding and contemplates the negotiation and execution of definitive agreements. There can be no assurance that definitive agreements will be executed or that the proposed alliance will be completed. The company believes this approach strengthens its ability to deliver innovative products to retailers and consumers while supporting long-term profitable growth and shareholder value.

Edible Garden AG Incorporated announced that its Pickle Party™ product line has been named the 2026 Mindful Award Winner for Overall Plant-Based Snack Product of the Year. The award, presented by the Mindful Awards program, recognizes excellence in mindful consumer packaged goods and products. This accolade highlights the company's innovation in the plant-based snack category.

The Mindful Awards program evaluates companies based on innovation, product quality, market impact, and commitment to mindful consumer values. The 2026 program attracted thousands of nominations globally, with winners selected through a comprehensive evaluation process. Edible Garden's Pickle Party™ was recognized for its functional approach to snacking, featuring raw, refrigerated, fermented, Kosher, and Non-GMO pickles and krauts.

Produced in partnership with the Hermann Pickle Company, Pickle Party™ combines globally inspired flavors with clean-label ingredients. The product line contains no artificial preservatives, stabilizers, or added sugars. This aligns with the growing consumer demand for healthier, plant-based snack options.

Jim Kras, Chief Executive Officer of Edible Garden, stated that the award validates the company's commitment to innovative, plant-based products. He emphasized that Pickle Party™ exemplifies the company's strategy of extending its brand into complementary categories aligned with freshness, sustainability, and wellness. Kras added that the recognition reflects the team's hard work and the increasing consumer embrace of plant-based snacks.

Edible Garden is a leader in controlled environment agriculture (CEA), delivering locally grown, organic, and sustainable produce. The company operates vertically integrated greenhouses and processing facilities in New Jersey, Michigan, and Iowa. Its products are available in over 6,000 retail locations across the United States, Caribbean, and South America.

The company's proprietary GreenThumb 2.0 software optimizes growing conditions, while its patented Self-Watering display extends plant shelf life. Edible Garden also holds patents in advanced aquaculture technologies. The company is recognized as a FoodTech 500 firm and is a participant in Walmart’s Project Gigaton.