AquaBounty Selling Indiana Farm In Effort To Restart Construction On Ohio Facility
AquaBounty is focusing all its efforts on the Ohio farm project. The company announced this week that it has decided to sell its Indiana farm operation as the proceeds from the sale are “expected to provide needed liquidity to AquaBounty’s balance sheet.”
AquaBounty’s financial troubles have been well documented. In the company’s third quarter financial report, released this past November, the company revealed that they did increase revenue by 12% compared to the third quarter of 2022. However, net loss in the third quarter of...
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