Cooke's Atlantic Canadian Subsidiary Acquires AquaBounty’s PEI Operations
Yesterday, Kelly Cove Salmon Ltd. (KCS)—an Atlantic Canadian salmon farming subsidiary of Cooke Aquaculture Inc.—announced its acquisition of AquaBounty Canada Inc. (AquaBounty) and its Price Edward Island (PEI) operations.
Among KCS’s newfound assets are four total buildings including a hatchery facility with modern egg incubation, a high-tech laboratory in Bay Fortune, a modern hatchery facility in Rollo Bay with a recirculating aquaculture system (RAS), and a second unfinished building, which KCS plans to fasten into an additional RAS unit.
The acquisition comes after AquaBounty—the firm behind the...
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