HomeseafoodUS land-based salmon farmer posts $50 million Q2 loss

US land-based salmon farmer posts $50 million Q2 loss

By Street Food Spectacle

August 6, 2024

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AquaBounty Technologies’ wider loss is attributable largely to a non-cash impairment charge. The company is now working to extend its “cash runway.”

AquaBounty CEO David Melbourne says the company continues to look for ways to cut costs and preserve cash. — AquaBounty CEO David Melbourne says the corporate continues to search for methods to chop prices and protect money.Photograph: AquaBounty

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