Edible Garden Receives Favorable Decision from Nasdaq Hearings Panel

Edible Garden AG (Nasdaq: EDBL) announced that the Nasdaq Hearings Panel has granted its request for continued listing, subject to maintaining a minimum closing bid price of $1.00 per share by August 15, 2026. The company completed a 1-for-45 reverse stock split on July 13, 2026, and has maintained compliance with the bid price requirement since then. CEO Jim Kras stated the company will focus on building its Webster City ready-to-drink facility, expanding into higher-margin nutrition categories, and reducing costs.