Under the agreement, Edible Garden will acquire the property from Iowa Shrimp Holdings, LLC which includes the real estate, buildings, and improvements, as well as specified equipment, fixtures and other property associated with the site. Upon completion, the acquisition would transition Edible Garden from tenant to owner of the Prairie Hills property, providing the Company with long-term control over a strategic manufacturing asset that is expected to play a key role in the continued expansion of its Farm-to-Formula® platform.

The acquisition would further align Edible Garden’s ownership of the property with the investments being made to establish Prairie Hills as a scalable RTD manufacturing platform. The facility is being developed to support commercial production across protein, functional wellness, and other clean-label nutrition categories, including both Edible Garden branded products and private-label manufacturing opportunities. The Company’s previously announced plans contemplate large-scale production of shelf-stable nutritional beverages and significant private-label opportunities at the facility.