Davis company’s engineered hemp seed presales hit $3 million

Sacramento Business Journal

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Davis-based seed development company Arcadia Biosciences Inc. said it has purchase commitments for $3 million in hemp seeds, just 50 days after launching its uniform hemp seed line.

Arcadia (Nasdaq: RKDA) shares rose 65 cents, or 13.4%, to $5.50 on the news.