Edible Garden AG Incorporated has received a favorable decision from the Nasdaq Hearings Panel granting its request for continued listing on The Nasdaq Stock Market, subject to demonstrating compliance with the minimum $1.00 bid price rule by August 15, 2026. The company effected a 1-for-45 reverse stock split on July 13, 2026, and since then its closing bid price has remained at or above $1.00 per share, though final compliance confirmation is still pending from Nasdaq staff. The Panel will maintain jurisdiction over the listing through November 23, 2026, with additional conditions and oversight during that period. CEO Jim Kras stated the decision allows the company to focus on building out its Webster City ready-to-drink facility, moving into higher-margin nutrition categories, and reducing costs.
Edible Garden AG IncNasdaq Hearings Panel granted continued listing, removing delisting risk.