DALLAS - Arcadia Biosciences , Inc. (NASDAQ: NASDAQ:RKDA), known for its plant-based health and wellness products, has announced the nationwide availability of its high fiber GoodWheat™ Mac & Cheese on Amazon (NASDAQ:AMZN). The new product aims to offer a healthier version of the classic dish with enhanced nutritional benefits, featuring noodles from Arcadia's proprietary wheat that is naturally higher in fiber and protein.
GoodWheat Mac & Cheese, now accessible to consumers across the United States, boasts 12 grams of protein per serving and provides four times the fiber content compared to traditional boxed mac and cheese, with 8 grams of fiber per serving. The product line comes in three flavors: Classic Cheddar, White Cheddar, and Three Cheese, all made with real cheese from cows not treated with rBST.
Stan Jacot, president and CEO of Arcadia Biosciences, highlighted the company's mission to address the fiber deficiency in American diets, noting that 90% of Americans fall short of the recommended daily fiber intake, which can increase the risk of various health issues. The new mac & cheese option is positioned as a tasty and convenient solution to help consumers reach their daily fiber needs, delivering 32% of the daily requirement for women and children and 21% for men in each serving.
The product is now sold on Amazon in four-pack varieties priced at $19.99 and is also available at select retailers, including Lowes Foods and Harris Teeter. GoodWheat Mac & Cheese joins the company's portfolio of Non-GMO Project Verified, kosher certified, and American Heart Association® Heart-Check certified products.
Arcadia Biosciences, established in 2002, continues to innovate in the agricultural sector by developing products that cater to consumer demand for healthier food choices. This latest release of GoodWheat Mac & Cheese follows the brand's previous launches, including pasta, pancake mixes, and waffle mixes.
The information in this article is based on a press release statement from Arcadia Biosciences, Inc.
InvestingPro Insights
Amidst the launch of Arcadia Biosciences' GoodWheat™ Mac & Cheese, investors may be curious about the financial health and market performance of the company. According to InvestingPro, Arcadia Biosciences is trading at a low Price / Book multiple of 0.2, suggesting that the company's market value is relatively modest compared to its book value. This could indicate a potential undervaluation, an aspect that value-oriented investors often look for.
Furthermore, the company has been recognized for holding more cash than debt on its balance sheet, which is a positive sign of financial stability. However, it's important to note that analysts have raised concerns regarding Arcadia's cash burn rate, indicating that the company is quickly burning through cash.
Looking at the recent market data, Arcadia Biosciences has experienced a significant return over the last week with a 11.76% price total return, which could reflect a positive short-term investor sentiment. Nonetheless, the company's long-term price performance has been less favorable, with a 73.8% decline over the past year.
Investors interested in a deeper dive into Arcadia's financials and market prospects can find additional InvestingPro Tips on the InvestingPro platform. Currently, there are 14 more tips available, offering a comprehensive analysis that could inform investment decisions. To access these insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
InvestingPro Data:
- Market Cap (Adjusted): 3.16M USD
- Price / Book (as of Q3 2023): 0.2
- Revenue Growth (Quarterly for Q3 2023): 1.72%
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