Material Event (Form 8-K)

Item 8.01 Other Events.

On February 12, 2025, Edible Garden AG Incorporated (the "Company") received written notification (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") that the Nasdaq Hearing Panel (the "Panel") has granted the Company an extension for the Company to regain compliance with the Bid Price Rule (as defined below) until March 31, 2025, subject to additional conditions outlined in the Notice. The extension by the Panel is contingent on the Company achieving scheduled milestones and notifying Nasdaq of such achievement. If the Company is not successful at satisfying these milestones within the prescribed time the Panel may revoke the extension.

As previously reported, on October 21, 2024, the Company had received a letter from the Listing Qualifications Department of Nasdaq indicating that, based upon the closing bid price of the Company's common stock for at least 30 consecutive business days, the Company no longer met Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum bid price of at least $1 per share (the "Bid Price Rule").

Under Nasdaq Listing Rule 5810(c)(3)(A)(iv), because the Company had effected reverse stock splits in the last two years with a cumulative ratio greater than 250 shares to 1, the Company was not eligible for any compliance period to regain compliance with the Bid Price Rule.

The Company subsequently submitted a request for a hearing before the Panel which was held on January 14, 2025.

The Company intends to continue making efforts to regain compliance with the Bid Price Rule and satisfy the prescribed milestones within the provided time. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule or satisfy the prescribed milestones within the provided time.