KPMG
P. O. Box 4150
Honolulu, HI 96812-4150
Accountants' Consent
The Board of Directors
Cyanotech Corporation
We consent to incorporation by reference in the Registration Statement on Form
S-3 of Cyanotech Corporation, registering 916,667 shares of common stock, of our
report dated May 5, 2000, relating to the consolidated balance sheets of
Cyanotech Corporation and subsidiaries as of March 31, 2000, and 1999, and the
related consolidated statements of operations, stockholders' equity and cash
flows for each of the years in the three-year period ended March 31, 2000, which
report is included in the 2000 annual report to stockholders of Cyanotech
Corporation. We also consent to incorporation by reference of our report dated
May 5, 2000, relating to the financial statement schedule of Cyanotech
Corporation and subsidiaries for the three-year period ended March 31, 2000,
which report is included in said Form 10-K.
We also consent to the reference to our firm under the heading "Experts" in the
prospectus.
KPMG LLP
Honolulu, Hawaii
July 28, 2000
