AquaBounty Announces Plans to Cease Fish Farming Operations

Core Points - AquaBounty Technologies, Inc. has announced the wind down of its hatchery operations in Bay Fortune, which includes workforce reductions and the exit of several senior management members [1][2] - The company has cited insufficient liquidity as the primary reason for the closure, despite efforts to raise capital through the sale of farms and equipment [2] - Key management changes include the resignation of CEO Dave Melbourne and the departure of COO Alejandro Rojas and CPO Melissa Daley due to the elimination of their positions [3] Company Operations - The Bay Fortune facility was AquaBounty's only remaining operating farm, and the wind down will involve culling all remaining fish and significantly reducing personnel over the coming weeks [2] - The company plans to continue working with its investment banker to explore alternatives for its Ohio farm project and will market available assets to generate cash [4] Company Background - AquaBounty Technologies positions itself as a leader in land-based aquaculture, focusing on innovative solutions to address food insecurity and climate change [5]