Edible Garden Terminates Proposed Acquisition Of Narayan d.o.o. And Its Subsidiaries

As previously reported on January 13, 2025, Edible Garden AG Incorporated (the "Company") announced its entry into a non-binding letter of intent (the "LOI") to purchase the outstanding share capital of Narayan d.o.o. and its subsidiaries. Upon further evaluation, the Company decided not to proceed with the transaction contemplated under the LOI and negotiations under the LOI have ceased.