AquaBounty Technologies IncNASDAQ AQB Stock Report

AquaBounty Technologies, Inc. engages in the provision of land-based aquaculture services. The company is headquartered in Maynard, Massachusetts and currently employs 100 full-time employees. The company went IPO on 2017-01-09. The firm provides fresh Atlantic salmon to nearby markets by raising its fish in monitored land-based fish farms. The Company’s land-based Recirculating Aquaculture System (RAS) farms are designed to prevent disease and include multiple levels of fish containment to protect wild fish populations. RAS facilities provide water treatment technology, including the use of ozone, salt treatment and ultraviolet radiation to kill potential bacterial, fungal, or viral pathogens, which might enter the system. Its GE Atlantic salmon is based upon salmon genetics and grows to harvest size faster than conventional Atlantic salmon. The firm is vertically integrated and maintains its own broodstock hatchery, which produces the eggs that it grows-out to harvest size in its production farms. The company operates two salmon farms: a 1,200 metric ton production grow-out farm in Indiana and a broodstock farm on Prince Edward Island, Canada.