Arcadia Biosciences (NASDAQ:RKDA) stock rose 2.6% as the company announced on Tuesday a new joint strategic venture with Legacy Ventures Hawaii. This new venture, Archipelago Ventures, will see Arcadia combine its expertise and resources in science-based approaches to crop quality enhancement with Legacy’s experience in extraction and sales.
As a result of this venture, Arcadia’s supply chain is now vertically integrated, which allows Archipelago to deliver high quality hemp-based CBD products. First sales are expected in late 2019.
“Hawaii has special significance for Arcadia; it’s where we first began our hemp research and cultivation, ...
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