Edible Garden Receives USDA Grant For Organic Certification Costs For Its Belvidere, New Jersey Facility; Amount Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Edible Garden has received a USDA grant to cover the costs of organic certification for its Belvidere, New Jersey facility. The amount of the grant has not been disclosed.
October 23, 2023 | 1:01 pm
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Edible Garden's receipt of a USDA grant for organic certification costs could potentially boost its financial position and enhance its reputation in the organic market.
The USDA grant will help Edible Garden offset the costs of organic certification, potentially improving its financial position. Additionally, the certification could enhance the company's reputation in the organic market, potentially leading to increased sales and revenue. Therefore, this news could have a positive impact on EDBL's stock price in the short term.
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IMPORTANCE 75
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