Highlights: Insider Trans 324.51% Market Cap 49.80M Shs Float 7.01M Consensus Price Target: $17.00 / 195.65% upside
Plenty of catalyst for this kid, Hemp, soybean, wheat & Nitrogen fertilizer is the name. Easing trade tensions could play a factor in better prices for soybeans and wheat. Already seeing a high demand for Hemp, an end to the cannabis slump could help fuelling RKDA's ascend even further.
Increasing awareness of Sustainibility and interest from investors could be another factor. * GoodHemp varieties improve plant quality, productivity & reduces waste. * Their Nitrogen fertilizer is created to significantly reducing fertilizer use which will decrease greenhouse gas emission and chemicals in the ground water. * HB4 Drought Tolerant Soybeans. These proprietary varieties hold great promise for bringing better yield stability to agriculture in areas that experience chronic water stress problems
Recently launched GOODHEMP, a commercial pipeline of superior non-GMO hemp seed varieties. USDA guidelines requiring the destruction of “hot crops” with more than 0.3% THC, unstable seeds can lead to huge losses for hemp farmers. GoodHemp meets compliance requirements because of their ultra-low THC profiles. On top of that, some GoodHemp varieties are also tolerant to a variety of diseases. Resulting in more stable, cost-effective crop and higher profit margin.