"Our focus is to secure the necessary financing so AquaBounty can continue to pursue its growth strategy," Sylvia Wulf, Board Chair and CEO for AquaBounty said of the sale.
The company has signed a non-binding memorandum of understanding with Noble Salmon, the first step in building and operating a RAS salmon farm in Georgia, AquaBounty's first outside North America.
"The Board believes that this is the best direction going forward for the company and shareholders," said AquaBounty Board of Directors Chair and CEO, Sylvia Wulf.
