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The sale of its Indiana farm was key to that reduction, although the land-based salmon company continues to strive to maintain liquidity.

This time it is its Rollo Bay egg production and breeding center, located on Canada's Prince Edward Island.

Most of this loss was due to a non-cash impairment charge against long-lived assets at the land-based salmon producer's farms.

Superior Fresh will acquire the land-based aquaculture facility in Albany plus some equipment from AquaBounty's Ohio farm for USD 9.5 million.

He replaces Sylvia Wulf, who will continue to serve as the non-executive Board Chair of AquaBounty’s Board of Directors.

The loss included a non-cash impairment charge against the long-lived assets of its Indiana farm, currently for sale.