AquaBounty Technologies Has Made The Decision To Sell Its Rollo Bay Farm Operation, Located On Prince Edward Island In Canada; Expected To Be Completed Before Year End
Portfolio Pulse from Benzinga Newsdesk
AquaBounty Technologies (NASDAQ:AQB) plans to sell its Rollo Bay farm in Canada to strengthen its balance sheet and increase cash. The sale is expected to complete by year-end.
September 03, 2024 | 12:30 pm
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AquaBounty Technologies is selling its Rollo Bay farm to improve its financial position. This move is part of broader efforts to explore funding and strategic alternatives.
The sale of the Rollo Bay farm is a strategic move to strengthen AquaBounty's balance sheet and increase cash reserves. This decision is likely to have a positive short-term impact on the stock as it addresses financial stability concerns.
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