Edible Garden AG Inc., a leader in controlled environment agriculture, has announced the acquisition of sustainable farming assets from NaturalShrimp Farms Inc. for $12 million in preferred stock. This strategic move includes the acquisition of patented water treatment technology and a fully operational shrimp farming facility in Fort Dodge, Iowa. The transaction strengthens Edible Garden's balance sheet and enhances its R&D capabilities, aligning with its zero-waste mission and sustainable agriculture goals. An affiliate of NaturalShrimp has also invested $3.5 million in Edible Garden's preferred stock, of which $3 million is being immediately funded.
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