Edible Garden (EDBL) announced the signing of a non-binding letter of intent, LOI, to purchase the outstanding share capital of Narayan d.o.o. and its subsidiaries, a prominent producer of organic coconut and superfood products. The Narayan Group, headquartered in Slovenia, brings established products characterized by consistent revenue growth and EBITDA with significant market reach that has achieved over $22 Million in revenue during the first nine months of 2024. Narayan expects fourth quarter revenue in excess of $9.5 Million, which would result in expected annual revenue of approximately $31.5 Million for the year ending December 31, 2024.3
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EDBL:
- Edible Garden introduces customer service platform
- Edible Garden experiences 45% y/y sales results for holiday period
- Edible Garden receives grant from Going PRO Telent Fund, awarded by Michigan
- Edible Garden saw 51% y/y increase in preliminary sales for Thanksgiving
- Edible Garden to showcase USDA organic produce, sustainable initiatives
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue