AquaBounty Technologies has partnered with MZ Group, a global leader in investor relations and corporate communications, to expand its comprehensive strategic investor relations and financial communications program.
AquaBounty recorded a loss of USD 13.2 million (EUR 11.7 million) in 2019, but the company is poised to enter the market when it begins harvesting its stock this year.
“This is an exciting time for AquaBounty. Having achieved all of our key milestones in 2019, we are positioned for a breakout year in 2020 as we prepare to harvest our AquAdvantage salmon before year-end,” AquaBounty CEO Sylvia Wulf said.
In 2019, the company also had two public offerings that raised net funds of USD 12.4 million (EUR 11 million). Most recently, the company had another public offering in February that raised USD 15.5 million (EUR 14.4 million).
“We fully expect our proprietary AquAdvantage salmon to deliver game-changing solutions for global problems, most notably, sustainable seafood production that protects our marine ecosystem,” Wulf said. “Together with MZ, we are well-positioned to execute upon our commercial strategy while creating long-term value for our shareholders.”
MZ North America will work with AquaBounty management to develop a capital markets strategy designed to increase the company’s visibility throughout the investment community, highlighting its proprietary technology in the farmed salmon industry and its upcoming commercial harvests of both conventional Atlantic salmon and AquAdvantage genetically engineered salmon later this year.
“As the company with the first and only genetically engineered animal protein approved for human consumption by the U.S. Food and Drug Administration and Health Canada, AquaBounty is moving forward in its mission to help feed the world using a more sustainable and efficient approach to high-quality, land based salmon farming,” said Greg Falesnik, managing director of MZ North America. “In addition to the obvious environmental benefits that AquAdvantage salmon provide, there are also significant economic benefits due to the salmon consuming less feed and growing faster, resulting in a 70 percent increase in throughput compared to farming conventional Atlantic salmon.”
Falesnik will advise Aquabounty in all facets of corporate financial communications, including the coordination of roadshows and investment conferences in key cities worldwide and building brand awareness across all financial and media outlets.
“We look forward to introducing AquaBounty’s disruptive story to the investment community, especially as they prepare for some major milestones on the horizon, including the first harvest of conventional Atlantic salmon beginning in June 2020 and the first harvest of AAS beginning in the fourth quarter of 2020,” he said.
