Arcadia Biosciences (RKDA) Announces Partnership with Three Farm Daughters to Develop and Market GoodWheat™-Branded Wheat Products
Together, the companies will develop Three Farm Daughters-branded food products such as flours, pastas and crackers that leverage the enhanced nutritional profiles of GoodWheat ingredients. Three Farm Daughters products will be sold in grocery stores, on Amazon and through the company's e-commerce site: www.threefarmdaughters.com.
"Three Farm Daughters shares our commitment to healthy, high-quality food ingredients and clean labels," said
Arcadia's GoodWheat portfolio of specialty wheat ingredients contain up to 10 times the dietary fiber of traditional wheat, up to 65 percent less allergenic gluten, and nearly 30 percent fewer calories per serving than traditional wheat.
"At Three Farm Daughters, we are passionate about healthful food and uncompromising when it comes to quality, taste and performance," said
Three Farm Daughters will launch its first product – a refined, non-enriched wheat flour for everyday baking – in September. Sales of baking staples such as flour, baking powder, baking soda and yeast have been at an all-time high during the COVID-19 pandemic, with Nielsen reporting consumers spent 126 percent more on flour in March and 105 percent more in April than in 2019.
Arcadia and Three Farm Daughters are expected to execute definitive agreements in due course.
About Three Farm Daughters
Three Farm Daughters is a majority female-owned health-focused, agriculture-based food company that produces and markets better-for-you food products. The founders pride themselves on their
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the formation of the strategic business venture and the expected launch of new products into the market. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: Arcadia's and its partners' and affiliates' ability to develop and sell commercial products incorporating their traits and ingredients, and complete the regulatory review process for such products; the negotiation and completion of definitive agreements with respect to the strategic business venture with Three Farm Daughters; Arcadia's compliance with laws and regulations that impact Arcadia's business, and changes to such laws and regulations; the potential impact of COVID-19 on our business; and the company's future capital requirements and ability to satisfy its capital needs. Further information regarding these and other factors that could affect the company's financial results is included in filings the company makes with the
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