Arcadia’s growth plan to rely on GoodWheat
Food Business News
DAVIS, CALIF. — Recently launched GoodWheat pasta will serve as a driving force behind Arcadia Bioscience’s Project Greenfield three-year growth plan. Company executives explained Project Greenfield along with plans to divest in other areas, including the hemp business, in an Aug. 11 earnings call to discuss second-quarter earnings.
Arcadia launched GoodWheat pasta at retail during the quarter ended June 30. It contains 4 grams of fiber and 9 grams of protein per serving. GoodWheat pasta was in 200 retail stores by June 30, and it is being shipped to 500 stores now, said Stanley E. Jacot, president and chief executive officer of Arcadia.