Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), announced that it received notice from Nasdaq on April 19, 2024 indicating that the Company had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2). …
Nasdaq provided the Company 60 days to submit a plan to regain compliance with the Rule (the “Plan”). The Company intends to submit its plan of compliance to Nasdaq by June 17, 2024. If Nasdaq accepts the Plan, the Company may be granted an extension of 180 calendar days from the due date of the Form 10-K, or until October 14, 2024, to regain compliance with the Rule. …
“We believe listing our common stock on the NASDAQ will improve liquidity, increase our corporate visibility in the financial markets, and create shareholder value,” said John Keeler, Chairman and CEO of Blue Star. …
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