
Genetically Engineered Salmon Production Ends as AquaBounty Shutters Last Facility
December 12, 2024 | Source: Friends of the Earth
WASHINGTON – Following decades of controversy, widespread market rejection and legal and regulatory challenges, U.S.-based biotechnology and aquaculture company AquaBounty Technologies (NASDAQ: AQB) announced it will stop production of all genetically engineered (GE) AquAdvantage® salmon, cull all its remaining fish and close its last working facility.
After selling its fish farm in Indiana earlier this year and putting its other major site in Canada up for sale (at Rollo Bay, Prince Edward Island), AquaBounty announced yesterday that it is shutting its remaining GE salmon facility in North America, at Bay Fortune in Prince Edward Island, Canada. The company says it does not have sufficient liquidity to maintain the operation.
“This company was propped up by the hype but had nothing of value to sell. Genetically engineered food is a losing investment,” said Lucy Sharratt, Coordinator of the Canadian Biotechnology Action Network.