Arcadia Biosciences (RKDA) Completes Purchase of Industrial Seed Innovations, Acquires Proprietary Hemp Varieties
With this acquisition, ISI's portfolio of strong performing, federally compliant hemp varieties have become part of Arcadia's GoodHemp™ line of hemp seeds, transplants and extracts. ISI's popular
Umpqua: High yielding and CBD dominant, Umpquais ideal for the smokable and extraction markets. Umpquais designed to mature earlier than most existing varieties making it very attractive for northern latitudes.
- Rogue: Also CBD dominant, Rogue is designed to flower and mature later in the season, resulting in ultra-high yielding plants in lower latitudes with longer growing seasons.
Said Arcadia CEO
The deal solidifies Arcadia's plans to accelerate the commercialization of its hemp-related breeding platform and establish a research and development facility in the
In order to service existing ISI customers and Arcadia's growing cohort of elite hemp cultivators, the company has deployed a multigenerational team of five regional GoodHemp sales agronomists to support existing growers and expand Arcadia's seed offerings to new territories. This includes states with recent
"Our team is more equipped than ever to support the needs of hemp growers across the
For more information about GoodHemp's unique seed varieties, visit www.growgoodhemp.com.
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 acceleration of the commercialization of the hemp breeding program. 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: the company's and its partners' ability to develop commercial products incorporating its traits and to complete the regulatory review process for such products; the adequacy of hemp seed demand and pricing to support our projections; the company's compliance with laws and regulations that impact the company'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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