UPDATE: At the time I wrote this article, RKDA was +6. Now that I published it, it’s down $4. ‘Tis is life.
This news provoked shares of RKDA to run 300% yesterday.
Arcadia Biosciences now up 276% following this morning’s High Fiber Resistant Starch Wheat program milestone news
Arcadia is working with a select number of consumer packaged goods companies on new, healthier formulations of existing products using both enriched and whole wheat RS Wheat flour. The company is preparing for an increase in acres planted during the upcoming US wheat growing season.
The rally sparked interest in other bio-ag names, such as YTEN, SEED, and AQB.
Back in August, this was the news regarding their wheat project.
Arcadia Biosciences and Dow AgroSciences (DOW) announces collaboration to jointly develop and commercialize a wheat quality trait in North America
Under the collaboration, the companies will further develop and commercialize an improved wheat quality trait, which has completed initial field trials and is advancing to next-stage field trials. Dow AgroSciences will introgress Arcadia’s trait into its proprietary elite germplasm lines and manage all aspects related to the trait commercialization. Certain development costs will be co-funded under the collaboration agreement, and the commercial value will be shared by Arcadia and Dow AgroSciences.
But what else is RKDA working on? How about corn? Indeed, they do have a project on the front burner and it is with SEED. Have a look at the old presser.
Origin Agritech & Arcadia (RKDA) announce a collaboration to achieve the export of a corn biotech product developed in China to the US for completion of global regulatory trials; financial terms not disclosed
Arcadia and Origin signed an agreement under which Arcadia will assist Origin in developing information for submission to regulatory authorities in the U.S., China and other countries for the approval of their traits in corn. This project involves production of inbred and hybrid seed lines under quarantine conditions in Arcadia greenhouses.
“The successful movement of this corn seed, containing an insect resistance/herbicide tolerance trait discovered and developed in China, to the Arcadia greenhouse represents a key milestone in Origin’s strategic business plan to achieve global regulatory approvals for cultivation and international grain movement.”
SEED is also working with House DuPont on a corn seed.
Origin Agritech signs a definitive agreement with DuPont (DD), giving SEED access to non-GM corn seed products from DuPont Pioneer
Under the terms of the agreement, co will gain access to non-GM corn seed products from DuPont Pioneer.
Co anticipates having commercial seed products available for sale in the U.S. market for spring 2017 planting.
Additional terms and financial details of the agreement were not disclosed.
This is Origin’s second business agreement with DuPont.
The cos announced in April a commercial agreement to jointly develop new seed technologies in China for Chinese farmers.
Botton line: Who knows exactly what this company is up to, domiciled in China, playing with seeds. However, I do know that RKDA is the hottest stock in the market now. Why, they’re gonna feed the world and save it from famine. See the share price for proof.
With a market cap of ~$25 million, sharply off its highs, I like my chances long SEED. FRANKENFOOD for the win.
“Hey hey heeeeeeeeeey…SSSSSEEEEEEEEEEDDD!”
– Carlos Matos
That’s what I think about small-cap research stocks with falling R&D budgets and rising SG&A. That pretty much tells the story.
It’s just a trade you incorrigible wench.
…but at least they are upfront about saying that the product is not currently healthy; otherwise there would be no need to develop “healthier” version: “…Arcadia is working … on new, healthier formulations of existing products using both enriched and whole wheat RS Wheat flour.”
Multiple, screaming short setups in RKDA today, but alas, no borrow for me…
No love for YTEN? I think they have a deal with MON and have the CRSP angle
One news release related to that collaboration and this opens at $3.
which one?
MLP owners right now after FERC news
https://www.youtube.com/watch?v=h0VlmIsZpR0
I was dying laughing the first time I saw this scene
Their wheat won’t make you (as) fat. Big money in diet products.
Possibly make you fart a lot, hopefully not the dreaded “anal leakage”.
If you put cooked brown rice in the fridge, you convert the starch into resistant starch, which is difficult to digest, making it suitable for diabetics and dieters.
I personally don’t understand this play. I’ve seen the whole biofuel algae alt pump and dump with never materialized I can’t even remember the names both are bankrupt now I assume. Second, their website looks like shit. Now somebody wants to play in Monsanto’s sand box? Not to mention an oversupply of wheat and corn to begin with. These commodities are all but worthless. They have been since technological advances in farming and massive planting and cheaper alternatives in Ukraine and Brazil. Wheat and corn are just sitting there not even being sold. Misinformed traders I assume. The next big (long term) play will always and forever be a tech / and or consumer brand (retail) – some notable ones I can think of. These are neither of the two – slightly tech, but not exactly solving anything revolutionary.