March 4, 2025 — Cooke subsidiary Kelly Cove Salmon (KCS) has acquired the defunct operations of Aqua Bounty Canada on Prince Edward Island.
Cooke said the acquisition will allow KCS – the Atlantic Canadian salmon-farming division of Cooke Aquaculture – to produce large smolts for stocking its existing ocean salmon-farming sites. According to a Form 8-K filed by AquaBounty Technologies, the parent company of Aqua Bounty Canada, the purchase price was just over CAD 3 million (USD 2 million, EUR 1.9 million) minus the aggregate amount of liabilities for Aqua Bounty Canada under an outstanding loan with KCS and accrued and unpaid license fees.