Why Shares Of Edible Garden Are Racing Today?
Portfolio Pulse from Shivani Kumaresan
Edible Garden AG Inc (NASDAQ:EDBL) shares surged after the company received a grant from the United States Department of Agriculture Organic Certification Program. The funds will help reduce the cost of organic certification. The company is also involved in a research partnership with the New Jersey Institute of Technology, the USDA, and the EPA studying the impact of nanobubble technology on fresh produce food safety and processing procedures.
August 15, 2023 | 5:55 pm
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Edible Garden AG Inc's stock price is likely to increase in the short term due to the grant from the USDA Organic Certification Program, which will help reduce the cost of organic certification.
The grant from the USDA Organic Certification Program will help Edible Garden AG Inc reduce the cost of organic certification. This positive news is likely to attract investors, leading to an increase in the company's stock price in the short term.
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