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Newly public Edible Garden stock drops 14%, trading 63% below IPO price

May 12, 2022 3:37 PM ETEDBLBy: Val Brickates Kennedy, SA News Editor

Tomato plants growing in greenhouse

simonkr/E+ via Getty Images

Newly public Edible Garden (EDBL) stock fell 14% Thursday afternoon, with shares trading 63% below their initial public offering price.

Shares of the vertical hydroponic farming company opened at $2.05, later hitting a high of $2.14 in mid-morning

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