AquaBounty Sells Canadian Operation
AquaBounty, a land-based aquaculture company, announced its intention to sell its Rollo Bay farm operation, located on Prince Edward Island, Canada.
The company said the decision to sell the hatchery hoped to strengthen its balance sheet and increase its cash position.
David Melbourne, Chief Executive Officer of AquaBounty, said: “We continue to be focused on securing funding for both our near and long-term needs, so that we can return to pursuing our growth strategy. The Rollo Bay farm was purchased and developed to support an expansion plan for five large land-based...
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