Arcadia Specialty Genomics™ Expands Hemp Operations with New Sun-Grown Cultivation and Research Facility in California
With this license, Arcadia Specialty Genomics expands its technology platform for the research and cultivation of hemp to a second state. In April, the company opened its first sun-grown facility in
"From an agricultural perspective, hemp is decades behind other crops in terms of improved plant genetics, and that starts at the seed level," said
The announcement of this second hemp research and cultivation facility underscores Arcadia's commitment to rapidly transition its expertise as a leading science-driven company and genetics innovator in food crops such as wheat and soy into the production of hemp seed, flower and extracts such as CBD.
"Quality hemp seed is in extremely short supply; however, strong demand for hemp seed has driven higher prices without commensurate yield benefits. Until improved genetics are introduced to the market, we believe the scalability of the hemp extract industry will be constrained," said Plavan. "Our team of agronomic scientists and researchers are the best in the business, with a proven track record of improving plants and commercializing food ingredients using non-GM techniques. We're ideally positioned to help hemp growers – and CPG buyers – benefit from more resilient, productive and genetically superior hemp seed, flower and extract."
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 commercial products incorporating their traits, and complete the regulatory review process for such products; Arcadia's ability to expand its scientific and genetic expertise with respect to hemp and to develop superior hemp and hemp seeds; Arcadia's compliance with laws and regulations that impact Arcadia's business, and changes to such laws and regulations; Arcadia's future capital requirements and ability to satisfy its capital needs; Arcadia's ability to develop, enforce and defend its intellectual property rights; and the other risks set forth in Arcadia's filings with the
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