Arcadia Biosciences stock soars after grant of hemp license in Hawaii [MarketWatch]
Arcadia Biosciences, Inc. (RKDA)
Last arcadia biosciences, inc. earnings: 3/25 04:05 pm
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Source: MarketWatch
Arcadia Biosciences stock soars after grant of hemp license in Hawaii Shares of Arcadia Biosciences Inc. RKDA, -10.43% soared 17% in premarket trade Monday, after the food ingredients and nutritional oils company said it was granted its first Industrial Hemp Pilot Progam license in Hawaii. The license allows Arcadia Specialty Genomics, the company's cannabis-focused business unit launched last week , to begin research and cultivation of hemp, planted on ten acres of leased land. "Industrial hemp, along with all strains of cannabis, are decades behind other agricultural crops in terms of improved plant genetics," said Arcadia Chief Financial Officer Matt Plavan. "With the explosive market growth projected in the industrial hemp and derivative markets, growers will need the very best hemp strains to meet demand, minimize waste, and ensure consistent quality." The stock has soared 83.5% over the past three months, while the ETFMG Alternative Harvest ETF MJ, +0.08% has rallied 32.1%
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News
- Arcadia Biosciences (RKDA) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
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- Arcadia Biosciences (RKDA) Announces First Quarter 2024 Financial Results and Business HighlightsBusiness Wire
- Arcadia Biosciences, Inc. (NASDAQ: RKDA) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Arcadia Biosciences, Inc. (NASDAQ: RKDA) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
RKDA
Earnings
- 5/9/24 - Beat
RKDA
Analyst Actions
- 4/5/24 - HC Wainwright
RKDA
Sec Filings
- 5/9/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 3/28/24 - Form 10-K
- RKDA's page on the SEC website