Roosevelt Resources to acquire Arcadia Biosciences.

Roosevelt Resources, an oil and gas company, agreed to acquire Arcadia Biosciences, an agricultural biotechnology company. Financial terms were not disclosed. “This asset has been in the Roosevelt Family for over 100 years. Starting in 2007, we started the study and evaluation of the RR-Googins field to position it for field wide development. Through the application of technology, drilling and producing oil and planning and sourcing necessary components for field development, we believe we are positioned to now execute on this promising project. This business combination with Arcadia will position us to continue the next steps in this field development," Elliott Roosevelt, Roosevelt Chairman and CEO.