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AquaBounty’s sales drop nearly 95% in Q3 as financial strain continues

The US land-based salmon producer's cash reserves fell to $500,434 by the end of September, down from $8.2 million in January amid rising costs and debt repayments

By Liza Mayer | Nov. 5, 2024 16:55 GMT
Atlantic salmon fillet from AquaBounty. Photo: AquaBounty
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US land-based salmon producer AquaBounty reported a steep 93.5% drop in third quarter sales, contributing to a substantial financial loss of $3.4 million for the three-month period ended Sept. 30. [...]

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