AquaBounty Technologies Provides Update

Core Viewpoint - AquaBounty Technologies, Inc. is actively pursuing funding and strategic alternatives to enhance its financial position, including the sale of its Rollo Bay farm operation to address immediate cash needs while maintaining its long-term growth strategy [1][2]. Group 1: Company Operations - AquaBounty is a leader in land-based aquaculture, focusing on sustainable fish farming practices that leverage technology in breeding, genetics, and nutrition [3]. - The company operates vertically integrated systems from broodstock to grow-out, raising fish in monitored land-based farms designed to prevent disease and protect wild fish populations [3]. - AquaBounty's operations are aimed at addressing food insecurity and climate change, producing antibiotic-free salmon with a reduced carbon footprint compared to traditional sea-cage farming [3]. Group 2: Financial Strategy - The decision to sell the Rollo Bay farm, which was developed for egg production, is part of a broader strategy to strengthen the company's balance sheet and cash position [1][2]. - The sale process is being managed by the company's investment banker and is expected to be completed by the end of the year [1]. - The company retains sufficient egg production capacity from its Ohio farm, allowing for the sale of the Rollo Bay farm without impacting long-term operational goals [2].