NewsDialy
Edible Garden AG Incorporated has entered into a real estate purchase contract to acquire its Prairie Hills facility in Webster City, Iowa.
The transaction will transition the company from tenant to owner of the 6.2-acre site, which is being developed into a ready-to-drink manufacturing platform.
The acquisition involves the purchase of real estate, buildings, improvements, and specified equipment from Iowa Shrimp Holdings, LLC.
Edible Garden states that owning the property will provide long-term control over a strategic manufacturing asset central to its Farm-to-Formula platform.
Keep reading