Arcadia Biosciences (RKDA) Signs Hemp Distribution Agreement with Tritium 3H
T3H will distribute Arcadia's GoodHemp seed varieties and genetics in
- Umpqua: CBD dominant, early photoperiod variety for both the smokable and CBD extraction markets. Prized for its unique terpene profile.
- Rogue: CBD dominant, high yielding intermediate photoperiod variety for the CBD extraction markets. Brings exceptional yields under low planting densities.
- Santiam: CBD dominant, early photoperiod variety with exceptional utility in northern latitudes for both the smokable and CBD extraction markets. Delivers step change yield potential.
Said Arcadia CEO
Continued Plavan, "Our GoodHemp varieties were field-tested extensively in regional and national trials by the T3H and Arcadia teams. Working closely with T3H, we expect AOSCA certification in mid-December,
Added T3H CEO
For more information about GoodHemp's unique seed varieties, visit www.growgoodhemp.com.
About Tritium 3H
Tritium 3H works collaboratively with breeders, producers and end users to bring well adapted hemp varieties with superior performance traits to market. It's the goal of T3H to maximize value and return for partners at each step of the supply chain. For more information, visit www.growtritium.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 distribution agreement and the impact of that on Arcadia's business and financial results. 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, including AOSCA certification, 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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