AquaBounty to sell Rollo Bay farm operation
AquaBounty Technologies Fundraising Update: AquaBounty Technologies is selling its Rollo Bay farm in Canada as part of its efforts to strengthen its financial position and increase cash flow, with the sale expected to be completed by year-end.
CEO's Statement on Strategic Focus: CEO David Melbourne emphasized that the decision to sell the farm will not affect the company's long-term growth strategy, as they have sufficient egg production capacity from their Ohio farm and are actively seeking additional funding options.
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