GM salmon producer AquaBounty said Tuesday its Canadian division received a $1.6 million (€1.4 million) construction loan to support development efforts at its Rollo Bay property in Prince Edward Island*.
The company said the loan, which is from the Department of Economic Development of the Province of Prince Edward Island, will be used to complete construction of the company’s 250-metric ton production facility on its Rollo Bay site.
The Rollo Bay site, which includes an R&D hatchery, is currently undergoing construction of a 250-metric ton production facility and a broodstock facility.
