Arcadia Biosciences Inc (NASDAQ:RKDA) said it has entered into a binding term sheet to acquire the commercial and genetic assets of Oregon-based industrial hemp breeding and seed company Industrial Seed Innovations (ISI).
The firm, which focuses on enhancing the quality and nutritional value of crops and food ingredients, said ISI’s Rogue, Deschutes and Umpqua seed varieties will become part of Arcadia’s portfolio, alongside the company’s GoodHemp line of genetically superior hemp seeds, transplants, flowers and extracts.
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