Edible Garden agrees to buy Webster City, Iowa facility for $6,325,000
On September 30, 2026, Edible Garden entered into a contract to buy the Webster City, Iowa property it currently leases and is developing as its Prairie Hills ready-to-drink manufacturing facility. The $6,325,000 price is paid through Series B preferred stock and a $3,825,000 secured promissory note held by Streeterville Capital, LLC, so the deal adds debt secured by the property and new preferred shares for shareholders to consider.
Key points
- Total purchase price is $6,325,000, paid to Streeterville Capital, LLC at the Seller's direction.
- 1,500 Series B preferred shares, assigned a value of $1,500,000, were issued on September 30, 2026 and are non-refundable.
- At closing, 1,000 more Series B preferred shares (assigned $1,000,000) and a $3,825,000 note will be issued; the note bears 8% interest and matures in five years.
- The Company has a 20-day review period to terminate the contract, and closing is expected five days after that period ends.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.