The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: First of all, my phone cut off for a few minutes in the Q&A. So I apologize if I'm asking something that has already been addressed. So I have a few
questions here, both on hemp and wheat. I guess we'll start with wheat. In your prepared remarks, did I hear you correctly say that you expect the
wheat business to launch in China in the fourth quarter? Or was that just for the GLA product?
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NOVEMBER 12, 2020 / 9:30PM, RKDA.OQ - Q3 2020 Arcadia Biosciences Inc Earnings Call
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: Got it. And then kind of along the same lines of the previous question here, I mean, can you help us kind of understand kind of overall inventory
levels or some kind of metric that would help us understand really the scale of the opportunity in the fourth quarter and into 2021? And then also,
was this -- is this like a private label? Or is this a Three Farm Daughters product going into China or something else?
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: Sorry. And then I get -- my -- the second part of that question was, what exactly is the product going to be in China? Is this Three Farm Daughters?
Is this a private label in development? Is it something else?
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: Got it. Got it. Perfect. All right. So turning over to hemp, a lot going on here. Can you update us on the backlog number, the $3.7 million backlog
that you've had over the past few quarters. Have you written that off in any way given the -- given what's happening in Hawaii? Or is that still
standing firm?
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NOVEMBER 12, 2020 / 9:30PM, RKDA.OQ - Q3 2020 Arcadia Biosciences Inc Earnings Call
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: Got it. And along these lines here with ISI, did they face the same problem that you have throughout 2020 regarding the kind of uncertainty in the
hemp industry? Or before the acquisition, were they able to deliver any kind of material revenue before they were acquired?
Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst
: Got it. And then last question for me, and I'll get back in queue, regarding HB4. First of all, congratulations on the transaction. And I'm curious how
the resources that were previously allocated to this JV, I think you alluded to roughly $7 million a year, how really that's going to get reallocated
to the wheat line? I mean that's a significant amount dedicated to wheat commercialization. What exactly are you going to be doing with that --
with these resources now that they're available?
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