On May 17, 2021, Arcadia Biosciences, Inc. and its wholly-owned subsidiary Arcadia Wellness, LLC, entered into an Asset Purchase Agreement (the Purchase Agreement") with Eko Holdings, LLC, Lief Holdings, LLC, Live Zola, LLC and TPCO US Holdings, LLC. In connection with the closing of the transactions underlying the Purchase Agreement, Arcadia hired Chris Cuvelier as Arcadia's new Chief Growth Officer, in which capacity he will lead growth strategy and sales and marketing execution for Arcadia's consumer goods business.