US-based GM salmon farmer AquaBounty Technologies, a majority-owned subsidiary of Intrexon Corporation, widened its net loss in 2018 to $10.4 million (€9.3 million) compared with the loss of $9.3 million (€8.3 million) in 2017, with continued losses attributed to production commencing at its Indiana farm.
The company said Thursday it completed the first phase of upgrades to the Indiana farm, which was stocked with conventional Atlantic salmon eggs from the company’s hatchery in Canada.
The fish are growing well and are expected to be ready for harvest in the summer of 2020, according to AquaBounty.
