Land-based salmon farmer posts massive drop in cash reserves as losses increase

The company is sellings its Indiana farming operation to bolster its balance sheet and increase cash reserves.

AquaBounty CEO Sylvia Wulf had to contend with higher construction costs and lower salmon market prices last year. — AquaBounty CEO Sylvia Wulf had to contend with higher construction costs and lower salmon market prices last year.Photo: Biotechnology Innovation Organization/YouTube

John Evans

Correspondent

AquaBounty Land-based aquaculture Land-based salmon GM salmon Sylvia Wulf

Published 1 April 2024, 15:39Updated 4 April 2024, 14:13