Arcadia Biosciences sells GoodWheatTM to Above Food Corp for $4M net

Arcadia Biosciences announced that Above Food will purchase the GoodWheat brand of better-for-you wheat products from Arcadia for $4 M net. The GoodWheat brand includes pastas, pancake mixes and mac & cheese mixes, all made with Arcadia’s proprietary, better-for-you non-GMO wheat grain that is naturally higher in fiber and protein with nothing added. …We see this as the beginning of a partnership between Arcadia and Above Food to accelerate scaling Arcadia’s wheat IP,” said Stan Jacot, president and CEO of Arcadia. “The GoodWheat brand fits perfectly into Above Food’s nutrient-dense, plant-based consumer product and specialty ingredient portfolios. Above’s vertically integrated, farm-to-fork identity preservation system, reinforced by Above’s owned assets could provide efficient commercialization of Arcadia’s wheat IP in the future,” he added. “This transaction enables us to monetize our IP early while we continue to pursue other crop licensing and royalty streams.”