Brief: Arcadia Biosciences Announces Strategic Review

Arcadia Biosciences

20/07/2023 13:48

July 20 (Reuters) - Arcadia Biosciences Inc  RKDA.O :
    * ARCADIA BIOSCIENCES (RKDA) ANNOUNCES STRATEGIC REVIEW
    * ARCADIA BIOSCIENCES INC- WILL EXPLORE A RANGE OF POTENTIAL
STRATEGIES TO DRIVE SHAREHOLDER VALUE
    * ARCADIA BIOSCIENCES INC - COMPANY WILL EXPLORE A RANGE OF
POTENTIAL STRATEGIES TO DRIVE SHAREHOLDER VALUE
    * ARCADIA BIOSCIENCES INC- LAKE STREET CAPITAL MARKETS, LLC,
WILL
ACT AS ARCADIA'S FINANCIAL ADVISOR WITH RESPECT TO STRATEGIC
REVIEW PROCESS
    * ARCADIA BIOSCIENCES INC - AS OF JUNE 30,  CO HAD ABOUT
$18.8
MILLION IN CASH AND CASH EQUIVALENTS
    * ARCADIA BIOSCIENCES INC - SEES SECOND-QUARTER REVENUE IN
RANGE
OF $1.3 MILLION - $1.5 MILLION

Source text for Eikon:  ID:nBw9PbyJHa 
Further company coverage:  RKDA.O 

 ((Reuters.Briefs@thomsonreuters.com;))