Edible Garden Issues $3.83 Million Secured Note to Streeterville at 8% Interest
Bitget2026/10/30 20:10- Edible Garden issued a $3.83 million secured promissory note to Streeterville Capital on October 30, 2026, to finance an Iowa property acquisition.
- The note matures five years from issuance and bears 8% annual interest, compounded daily.
- A mortgage on the acquired property, granted by wholly owned subsidiary Edible Garden Prairie Hills, secures the note.
- The $6.33 million acquisition from Iowa Shrimp Holdings closed October 30; the property is being developed as a ready-to-drink manufacturing facility.
- Purchase consideration also included Series B Preferred Stock: 1,000 shares valued at $1 million at closing; 1,500 valued at $1.5 million September 30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
