DAVIS, Calif. (November 24, 2020) – Arcadia Biosciences, Inc. (Nasdaq: RKDA), a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients, today announced it has signed a distribution agreement with Tritium 3H, Inc. (T3H), a Canadian hemp seed company based in Lethbridge, Alberta, that specializes in hemp field testing, Certified seed production, commercialization and distribution of industrial hemp varieties for the Canadian market.
T3H will distribute the company’s GoodHemp seed varieties and genetics in Canada once they have been approved by Health Canada. Health Canada LOAC application has been completed and approval is expected in early 2021 and the initial varieties distributed will include:
● Umpqua: CBD dominant, early photoperiod variety for both the smokable and CBD extraction markets. Prized for its unique terpene profile.
● Rogue: CBD dominant, high yielding intermediate photoperiod variety for the CBD extraction markets. Brings exceptional yields under low planting densities.
● Santiam: CBD dominant, early photoperiod variety with exceptional utility in northern latitudes for both the smokable and CBD extraction markets. Delivers step change yield potential.
Said Arcadia CEO Matt Plavan, “This agreement solidifies our plans to accelerate the commercialization of Arcadia’s hemp genetics internationally and affirms market demand for our portfolio of superior GoodHemp varieties. We’re proud to partner with a well-respected distributor like Tritium 3H to bring our CBD dominant, short day varieties to Canada’s industrial hemp growers.”
Continued Plavan, “Our GoodHemp varieties were field-tested extensively in regional and national trials by the T3H and Arcadia teams. Working closely with T3H, we expect AOSCA certification in mid-December, Health Canada certification in January 2021 and significant commercial sales in the spring prior to the planting season.”
Added T3H CEO Jayme Hunter, “We’re pleased to add Arcadia’s high CBD, early maturing varieties to our portfolio. They’ve performed extremely well in our field trials and allow T3H to offer field proven, feminized, and compliant hemp genetics appropriate for all of Canada’s unique climatic regions. Arcadia’s genetics will provide market leading value to Canadian industrial hemp growers.”
For more information about GoodHemp’s unique seed varieties, visit www.growgoodhemp.com.
About Arcadia Biosciences
Arcadia Biosciences (Nasdaq: RKDA) is a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients. The company’s GoodHempTM seed catalog delivers genetically superior hemp seeds, transplants and extracts, applying the company’s proprietary crop innovation technology, ArcaTech™, to an emerging crop. The company’s GoodWheat™ branded ingredients deliver health benefits to consumers and enable consumer packaged goods companies to differentiate their brands in the marketplace. For more information, visit www.arcadiabio.com.
Jayme Hunter has over 20 years of entrepreneurial experience in Alberta oilfield and agriculture sectors. Jayme owns and operates a family farm located at Caroline, Alberta, he founded and manages a small community minded investment fund, and owns and operates a real estate holding company focused on long term passive revenue assets.
Scott Horner has 25 years of experience in the International Seed industry and holds the positions of Director on the Canadian Seed Growers Association National Board and current Past President of the Seed Association of the Americas, he is also a Past President of the Canadian Seed Trade Association, having served on the board and executive for 9 years.