The Narayan Group is a prominent producer of organic coconut and superfood products
Edible Garden AG Incorporated, a leader in controlled environment agriculture (CEA), known for its locally grown, organic, and sustainable produce and products, has announced the signing of a non-binding letter of intent (LOI) to acquire the outstanding share capital of Narayan d.o.o. and its subsidiaries, collectively known as the Narayan Group. The Narayan Group is a prominent producer of organic coconut and superfood products.
The Narayan Group, headquartered in Slovenia, brings established products characterised by consistent revenue growth and EBITDA with a significant market reach that has achieved over $22 Million in revenue2 during the first nine months of 2024. Narayan expects fourth-quarter revenue of over $9.5 Million, which would result in an expected annual revenue of approximately $31.5 Million for the year ending December 31, 2024.3
With Narayan’s vertically integrated supply chain and leadership in the European market combined with Edible Garden’s innovative CEA technology and product placement within their North American distribution network on a combined basis, the Narayan Group and Edible Garden expect to achieve combined revenues of over $60 Million in 2025.
