Federal and PEI Governments Prop Up Failing GM Salmon Company

December 2, 2024. The Government of Canada and the Government of Prince Edward Island (PEI) have announced $231,095 in new funding for the GM salmon company AquaBounty despite the company having shut down its GM (genetically modified) salmon production facility in PEI as well as its only other production site in Indiana, US. The funding announcement comes as the company is selling off its assets, continuing to lose share price value, and amid reports of company layoffs in Canada and rumors about the company’s future.