Arcadia Biosciences raising $10 million for wheat, hemp product development

//Arcadia Biosciences raising $10 million for wheat, hemp product development

Arcadia Biosciences raising $10 million for wheat, hemp product development

Davis-based crop technology company Arcadia Biosciences Inc. is raising $10 million in a direct offering of its stock to institutional and accredited investors. Arcadia (Nasdaq: RKDA) said it will use the proceeds to pursue growth opportunities, including developing a genetically consistent hemp seed product and scaling up its GoodWheat product. GoodWheat is a high-fiber wheat for bread and baked goods. The company in June raised nearly $7 million in a similar offering. Arcadia and its new CEO…

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By | 2019-09-06T21:42:35+00:00 September 6th, 2019|Technology|

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