AquaBounty Technologies is a biotechnology company focused on improving productivity in commercial aquaculture, an $86 billion industry and the fastest growing segment of the worldwide food industry.
Our objective is the application of biotechnology to ensure the availability of high quality seafood to meet global consumer demand. History Aqua Bounty was originally incorporated in1991, under the name A/F Protein, to pursue the commercial development of antifreeze protein-based technology under license from the University of California at Berkeley.
Key, up-to-date details regarding AquaBounty's status include:
Operational Shutdown: In December 2024, AquaBounty announced it would wind down its remaining fish farming operations in Bay Fortune, PEI, including the culling of fish and significant staff reductions.
Asset Sales: The company is currently auctioning off equipment and seeking alternatives for its Ohio farm project to generate cash.
Legal/Financial Pressure: AquaBounty Farms Ohio, LLC is facing a lawsuit from a contractor, with a $1.5M mechanic's lien filed against their Ohio site.
Liquidity Crisis: As of early 2026, the company has stated it lacks the funds to operate without raising additional capital, for which there is no guarantee.
While a formal bankruptcy petition has not been filed yet, the company has effectively ceased its main business operations, as highlighted in reports through March 2026.
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