AquaBounty Technologies plans to sell its Indiana farm.

AquaBounty Technologies plans to sell its Indiana farm to help its fundraising efforts. Located in Albany, Indiana, the facility has been growing AquaBounty genetically-engineered salmon since 2019 and had its first harvest in 2021. AquaBounty says the land-based, recirculating aquaculture facility succeeded in its objective to demonstrate the ability of AquaBounty to not only grow but also sell its salmon in the market. Now, the company is selling the farm as part of its exploration of financing alternatives meant to strengthen the company’s balance sheets but also increase cash. AquaBounty officials intend to prioritize financing alternatives to complete a large farm in Pioneer. Construction on that farm is 30% complete and stalled in June of last year due to increased costs of completion. At the time, company officials stated their intention of reviewing options for the planned farm that include smaller scope or size. Another factor is the status of water and wastewater lines. AquaBounty and Pioneer made several requests to use county right-of-way for the lines, but Williams County Commissioners repeatedly denied the use.