loading

Recent events

GLuna Shrimp owner Gabriel Luna

AdvertisementX
AdvertisementX

Sustainability

AquaBounty secures $10m loan, using both US farms as collateral

As the land-based salmon producer's debt mounts and revenues dwindle, the next several months will serve as a pivotal juncture in its high-stakes battle for survival

By Liza Mayer | April 24, 2024 14:12 BST
Atlantic salmon viewed through grow-out tank porthole at AquaBounty's farm in Albany, Indiana. Photo: AquaBounty
Related

AquaBounty to sell Indiana salmon RAS facility

AquaBounty nabs legal win, but future of Ohio salmon project still hinges on funding

AquaBounty 2024 net loss nears $30m amid Indiana RAS sale plans

Sale price of AquaBounty’s Indiana farm critical to company direction

Atlantic Sapphire names aquaculture veteran CFO as Oyehaug steps down

free read Daily recap: Aussie lobster co-op enters high-end retail; Bid to postpone new US lobster size rule

In a critical move to keep its operations running, US-based AquaBounty Technologies, has obtained a $10-million term loan, offering both of its US farms as collateral.  [...]

Want to keep reading?

Sign up for a trial to have full access to our articles for 7 days!

Lobster harvesters, lawmakers mount effort to delay new US size requirements again

Norway salmon spot prices lift again on limited supply, mixed messages on Scottish

Chilean seafood exports hit almost $2.3bn in Q1, yet see 1.6% dip

Salmon from Empresas AquaChile. Credit: AquaChile

Fishmeal sales surge amidst Peru’s fisheries export slump

AdvertisementX

Contact the author [email protected]

Stay on the pulse

Get recommendations, data, editor’s picks, and the latest news from around the seafood world straight to your inbox.

Select your interests

Please select at least one newsletter d indicates our daily newsletters | 2w indicates twice-weekly | All others sent weekly All briefings are sent weekly, unless otherwise indicated
Region
Breaking news
Jobs
Species
Topic

Fill in your details

  • (eg new industry reports, prices data)
  • (eg subscription or report early birds)
  • (eg advertising, trade shows news)
How we handle your data We never share, sell or distribute our subscribers’ data. You may at any time unsubsribe from our newsletters, and request that we erase all information stored about you. Please check our Privacy policy for more details.

We use MailChimp and HubSpot as our email campaign platforms. By subscribing, you agree that the information you provide will be transferred to MailChimp and HubSpot for processing in accordance with their privacy policies (MailChimp privacy policy, HubSpot privacy policy) and terms (MailChimp terms, HubSpot terms).

Please select at least one newsletter!
Thank you. Please check your inbox to confirm your selection and start receiving newsletters.

Cookies on Undercurrent News

We use cookies for performance, security and analytics. To stop seeing this banner click Accept, or select Manage cookies to set your preferences and privacy settings.