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million and also announced it will "substantiallu reduce" its workforce by the end of the year. The Bothel l company (NASDAQ: EDEN) also said that CEO and President Rhetgt Atkins will resignon Dec. 15. Bradley Powell, the company's CFO, will becomwe president on Dec. 15. Eden, whichj makes products to improve crop production and toprotect plants, is sellinvg the assets to of Pittsburgh for $2.5 million -- $1.5 millioj in cash and a $1 million promissorh note. Eden said "it will substantially reduce its administrative, marketing, sales, manufacturing and developmengt personnelby Dec. 31," in a move expected to save $1.4 milliohn a year.
Company officials couldn't be reached to say exactlh how many of its approximately 25 employees will be affected bythe cuts. In August, the company of $5.6 milliojn and at the time said itwas "exploring strategic alternatives for the future." The company in the thirc quarter last month.
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