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Arcadia Biosciences raises $6.8M to fund hemp opportunities, cushion from coronavirus

Arcadia Biosciences Inc (NASDAQ:RKDA) CEO Matt Plavan tells Proactive that the agricultural technology company has raised about $6.8 million by selling warrants. Plavan says the company expects to use the proceeds to pursue a range of near-term inorganic growth opportunities within its hemp business unit as well as a cushion from coronavirus. Plavan also discussed its most recent quarterly earnings.

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Price: 3.87 USD

NASDAQ:RKDA
Market: NASDAQ
Market Cap: $41.36 m
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Full interview: Arcadia Biosciences expecting dramatic growth in 2020 after...

Arcadia Biosciences Inc (NASDAQ:RKDA) posted fourth-quarter and full-year results after the bell Wednesday revealing plans for dramatic growth in 2020. Plavan says the company successfully laid the foundations for its research program in three geographic areas and established a vertically...

on 03/26/2020

2 min read