Edible Garden (EDBL) AG Incorporated announced the strategic redevelopment of the former National Shrimp facility in Webster City, Iowa into a new, large-scale, technology-driven ready-to-drink beverage production hub. Supported by a recently approved $2.66 million incentive package from the Iowa Economic Development Authority, this initiative reflects the Company’s continued execution of its Farm to Formula strategy and its move into higher-value, shelf-stable nutrition categories. The 400,000-square-foot facility, previously used for aquaculture operations, is being converted into a high-capacity, automated production plant designed to manufacture shelf-stable RTD nutritional beverages.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EDBL:
- Edible Garden AG Earnings Call Balances Growth and Risk
- Edible Garden AG Executes Preferred-for-Common Stock Exchanges
- Edible Garden Executes Preferred-for-Common Stock Exchange
- Edible Garden Executes Preferred-for-Common Stock Exchange Agreements
- Edible Garden Signs Interim Equipment Agreements With Tetra Pak