Arcadia Biosciences(US:RKDA)2021-03-13 00:07GoodWheat Business - The global wheat market represents a significant opportunity, estimated at $16 billion[12] - GoodWheat offers nutritional advantages, including 30% less calories, 6x more fiber, and 2x more protein compared to conventional wheat[13] - Arcadia Biosciences sources Identity Preserved (IDP) grain in the US and manufactures finished goods like flour, pasta, and cake mixes[17] - B2C GoodWheat indicative revenues project $2 million in annual product revenue with 500K units sold, and $4 million with 1,000K units sold, assuming an average MSRP of $4 per pack[25] - B2B GoodWheat indicative revenues project $1 million in annual grain revenue with 100K units sold, and $2 million with 200K units sold, assuming a pricing of approximately $10 per bushel[27] GoodHemp Business - The global hemp market is projected to reach multi-billion dollar by 2025[29] - Umpqua hemp variety produces 2 to 25 pounds of biomass per plant, flowering in late July, with CBD levels near 10%[34] - Archipelago Ventures, a joint venture, aims to create a vertically integrated CBD supply chain from seed to sale[38] - Archipelago Ventures indicative revenues project $25 million in annual CBD retail revenue with 100K units sold, and $63 million with 250K units sold, assuming an MSRP of $25[40] - Archipelago Ventures indicative revenues project $16 million in annual CBD revenue with 40 acre harvests[41] Financial Highlights - As of 9/30/20, Arcadia Biosciences had $489 million in cash, $21 million in debt, and 213 million shares outstanding[54] - Analyst price targets for RKDA range from $450 to $905, implying values between $96 million and $193 million[54]