Share this article

AquaBounty Technologies’ last release highlights the 133 tons of genetically engineered Atlantic salmon harvested, an increase of 46% versus the previous quarter and, a revenue of €916,133. A significantly higher fee compared to last year’s (€70,399).

Also, it mentions the works on its new farm in Pioneer, Ohio, that hopefully will finished next year. Further, the idea is to start stocking salmon eggs at the site by late 2023. On the other side, the report notes a net loss of €4.8 million ($5.1M), up 21% from last year.

- Advertisement -

Regarding the Ohio-based farm, Sylvia Wulf, Chief Executive Officer of AquaBounty, mentioned that “pre-construction activities including the construction of roadways, on-site energy infrastructure, and land preparation are well underway.”

Besides, she added: “On the financing side, we are progressing with our plan for the issuance of up to €272.5 million ($300M) in tax-exempt and taxable bonds to support our project. We expect to provide an update in the near term. We work to finalize the transaction alongside our bond underwriter, Wells Fargo Corporate and Investment Banking.”

“AquaBounty is well-positioned to provide a safe, secure, and sustainable local source of farm-raised salmon. I look forward to providing updates on our progress,” concluded Wulf.

- Advertisement -

Share this article

Similar articles

Advertisement

Hot stories

TalentView: Sylvia Wulf

Talking to Sylvia Wulf, CEO of AquaBounty Technologies, about aquaculture...

“Greater investment” in rural housing can encourage salmon employment

Salmon Scotland has made a call to raise awareness for...

Skretting and eniferBio continue collaborating for salmon and trout protein testing

Skretting and eniferBio have signed a Memorandum of Understanding (MoU)...

Hima Seafood obtains full financing to build the “world’s largest trout farm”

Hima Seafood has fully succeeded in financing the construction of...
Advertisement