Genetically Modified Salmon Producer, AquaBounty to Sell Shares as Losses Deepen

I don't know if it is better or worse that they are on the ropes.
From The Fish Site:

Transgenic-salmon producer AquaBounty has announced plans to raise funds via a share offering

The offering follows the publication of its financial results for the first half of the year – a period in which it lost $6.6 million, mirroring the $6.8 million in losses reported for H1 2019.

On more positive note the company reported the first harvest of conventional salmon from its Indiana RAS facility and the receipt of a $4 million loan from the First Farmers Bank & Trust to fund improvements and equipment purchase at the site. The company says it has also made progress in the process of selecting a site for a new 10,000 tonne capacity farm, which it plans to start constructing in 2021.

Sylvia Wulf, CEO of AquaBounty, stated: “The highlight of the second quarter was the announcement of our first harvest of conventional Atlantic salmon at our Indiana farm, an important milestone as we refine harvest systems and processes ahead of our expected initial harvest of AquAdvantage salmon in the fourth quarter this year in Indiana, followed by the anticipated first harvest of AquAdvantage salmon at our Canada-based, Prince Edward Island Farm in the first quarter of 2021....

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SalmonBusiness also had this on August 6:
GM land-based salmon farmer AquaBounty secures $4 million loan