This is a trade idea given the recently 60% drop in Arcadia Biosciences since announcing guidance in late August 2019.
Arcadia Biosciences (RKDA) recently rocketed higher on USDA approval of the company's drought resistant soybean strain. The technology behind this seed is owned by Verdeca, which is a joint venture between RKDA and Bioceres (BIOX), an Argentinian cooperative of 250+ of the largest farmers in Argentina. Because Bioceres is owned by these farmers, it guarantees instant market share as the farmers are incentivized to use their crop.
After falling back