Edible Garden (EDBL) announced the signing of a non-binding letter of intent, LOI, to purchase the outstanding share capital of Narayan d.o.o. and its subsidiaries, a prominent producer of organic coconut and superfood products. The Narayan Group, headquartered in Slovenia, brings established products characterized by consistent revenue growth and EBITDA with significant market reach that has achieved over $22 Million in revenue during the first nine months of 2024. Narayan expects fourth quarter revenue in excess of $9.5 Million, which would result in expected annual revenue of approximately $31.5 Million for the year ending December 31, 2024.3
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