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Arcadia Biosciences raises $6.8M to fund hemp opportunities, cushion from coronavirus

Arcadia Biosciences Inc (NASDAQ:RKDA) CEO Matt Plavan tells Proactive that the agricultural technology company has raised about $6.8 million by selling warrants. Plavan says the company expects to use the proceeds to pursue a range of near-term inorganic growth opportunities within its hemp business unit as well as a cushion from coronavirus. Plavan also discussed its most recent quarterly earnings.

Quick facts: Arcadia Biosciences Inc

Price: 3.16 USD

NASDAQ:RKDA
Market: NASDAQ
Market Cap: $34.23 m
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Eco Atlantic Oil & Gas say 'future is bright' with 'a lot of cash'

Eco Atlantic Oil & Gas CEO, Gil Holzman (LON:ECO) talks to Proactive London's Katie Pilbeam about the balance sheet, which at present has no debt and strong cash reserves. Holzman says the company remain fully funded for its further near-term drilling plans in Guyana and continues to...

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