Arcadia Biosciences (RKDA) Sells GoodWheat Brand to Above Food
RKDAArcadia Biosciences(RKDA) zacks.com·2024-05-18 01:31

Arcadia Biosciences (RKDA) announced that it inked a deal with Above Food Corp. to sell its GoodWheat brand for $4 million. This move will allow Arcadia to scale its wheat IP by leveraging Above Food's vertically integrated farm-to-fork supply network. GoodWheat, which was launched in 2018, uses Arcadia's unique, patented and healthier wheat grain, which is naturally higher in fiber and protein. In June 2022, the company launched five variations of GoodWheat pasta, followed by six varieties of pancake mixes ...