Brief: Arcadia Biosciences Acquires Lief Brands

Arcadia Biosciences

17/05/2021 21:50

May 17 (Reuters) - Arcadia Biosciences Inc  RKDA.O :
    * ARCADIA BIOSCIENCES (RKDA) ACQUIRES LIEF BRANDS, A
PORTFOLIO OF
CBD AND WELLNESS BRANDS
    * ARCADIA BIOSCIENCES INC - PURCHASE PRICE FOR ASSETS WAS
$4.0
MILLION IN CASH, PLUS 827,400 SHARES OF ARCADIA COMMON STOCK
    * ARCADIA BIOSCIENCES INC - LIEF EMPLOYEES ARE EXPECTED TO
JOIN
ARCADIA WITH ACQUISITION, INCLUDING SENIOR LEADERSHIP EXECUTIVES
    * ARCADIA -ACQUIRED ASSETS OF LIEF HOLDINGS LLC & ITS
PORTFOLIO OF
WELLNESS PRODUCTS FROM THE PARENT COMPANY, ALONG WITH SELECT
ASSETS OF LIVE ZOLA LLC

Source text for Eikon:  ID:nPn8Dtfvla 
Further company coverage:  RKDA.O 

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