The embattled precision-farming company said its total acres under subscription fell to 12.3 million as of the end of September, down from 15.3 million in the second quarter. Farmers Edge operates a platform that measures agricultural data like soil quality and weather patterns, and sells that platform to farmers on a subscription basis. (The Logic)

Talking point: Shares in the Winnipeg-based company fell more than 13 per cent Friday to $0.39 per share, continuing a steep descent from their high-flying debut of $17 last year. Wade Barnes, the firm’s founder, stepped down as CEO earlier this year amid the challenges, and the company hired former Amazon Canada executive Vibhore Arora to implement a turnaround plan. Farmers Edge has struggled to retain subscribers in recent quarters as it has rapidly burned cash. Still, its adjusted cash flow improved in the third quarter, increasing about 17 per cent to negative $15.1 million from a year earlier. The company also said that the $75-million credit facility it secured from its largest shareholder, Fairfax Financial Holdings, will allow the company to operate for at least another 12 months.