AquaBounty Winds Down Operations, Cuts Senior Management Roles
AquaBounty Technologies, the firm behind the first genetically engineered salmon, announced it would wind down all its fish farming operations and exit several members of its senior management team.
AquaBounty’s CFO and interim CEO David Frank said the company will wind down its Bay Fortune operation, its last farm. The process will include culling all remaining fish and reducing “substantially all personnel over the course of the next several weeks.”
“We prioritized maintaining operations at the Bay Fortune facility but do not have sufficient liquidity to continue to do so...
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