Edible Garden receives $2.66 million Iowa incentive for beverage facility

Edible Garden AG Incorporated (NASDAQ: EDBL, EDBLW) announced it received a $2.66 million incentive package from the Iowa Economic Development Authority to convert a former aquaculture facility into a ready-to-drink beverage production plant.

The company is redeveloping the 400,000-square-foot former National Shrimp facility in Webster City, Iowa, into an automated production plant for shelf-stable nutritional beverages. The facility will focus on plant- and dairy-based protein beverages.

At full capacity, the facility is expected to produce more than 100 million ready-to-drink beverage units annually. The company plans broad national distribution as part of its consumer-packaged goods platform expansion.

"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 conversion extends Edible Garden's operations beyond controlled environment agriculture into food and beverage manufacturing. The facility transformation supports the company's strategy to move into higher-value, shelf-stable nutrition categories.

Edible Garden operates controlled environment agriculture facilities and is available in over 6,000 retail locations across the United States, Caribbean, and South America. The company also produces nutrition and specialty food products including protein powders and condiments.

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