BUZZ-AquaBounty Technologies up on plans to sell its Rollo Bay farm operation

Reuters09-03

** Shares of land-based aquaculture firm AquaBounty Technologies up 4.4% at $1.07 before the bell

** Company says it has decided to sell its Rollo Bay farm operation to raise cash

** The farm, located on Prince Edward Island in Canada, was purchased by AQB in 2016 and was developed into a broodstock and egg production operation

** AQB says the sale process is expected to be completed before year end

** "We continue to be focused on securing funding for both our near and long-term needs, so that we can return to pursuing our growth strategy," says CEO David Melbourne

** He adds: "We are also continuing to pursue additional funding and strategic alternatives with the goal of securing our cash requirements in the coming months"

** Up to Friday's close, stock had fallen 64% YTD

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com; X: ))

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