Why Shares Of Edible Garden Are Racing Today?

Edible Garden AG Inc EDBL shares are driving higher after it received a grant from the United States Department of Agriculture Organic Certification Program administered by the Farm Service Agency. 

The funds are designated to reimburse organic producers and handlers with financial assistance to reduce the cost of organic certification.

“This grant will reimburse some of the cost of the organic processing/handling certification for the Edible Garden Heartland facility in Grand Rapids, Michigan,” said CEO Jim Kras.

Also Read: EXCLUSIVE: Edible Garden Expands Distribution Deal With Walmart

“Edible Garden is currently 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.”

Price Action: EDBL shares are trading higher by 18.6% at $1.5299 on the last check Tuesday.