IN BRIEF - AquaBounty Technologies, Inc. Announces Closing of Public Offering of Common Stock
Sunday, February 16, 2020
MAYNARD, Mass., (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announces the closing of its previously announced underwritten public offering of an aggregate of 10,350,000 shares of common stock of the Company at a public offering price of $1.50 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 1,350,000 shares of common stock to cover over-allotments. The gross proceeds to AquaBounty from the offering are approximately $15.5 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by AquaBounty.
Lake Street Capital Markets, LLC acted as the sole book-running manager for the offering.
The Company currently intends to use the net proceeds of this offering to continue construction and renovation activities of its existing facilities in Rollo Bay and Indiana, for working capital costs associated with growing its first batches of fish at its Indiana and Rollo Bay farm sites and for other general corporate purposes.
Faced with a human tidal wave, drive chains are still struggling to meet customer demand. Some groups like Leclerc are more affected than others.
With the health crisis linked to Covid-19, many French people are shopping more and more via supermarket drives. The customer takes delivery of his articles directly in or near his vehicle, which avoids the maximum contact with outside people. However, the brands did not foresee such a human tidal wave and some drives are found saturated. According to a study by Data Solutions , the Leclerc group's drives are the most affected with out-of-stock rates above 40% in recent days. The price of success no doubt.
Behind Leclerc, Intermarché has a stock-out rate that fluctuated between 37% and 40% of product unavailability between March 20 and 28. Finally we find Auchan in third place on this podium of saturated drive with a failure rate between 35% and 40%. So, to have the best chance of finding everything you need, it would be better to try your luck in the drive of the G20 brand. This one has hardly suffered from the lack of supply since in recent days, it has posted a failure rate between 0 and 7%. Otherwise you will have to drive to the supermarkets of MatchDrive (3 to 10%) of Courses U (12%) of Carrefour (about 20%). Monoprix and Franprix are also options with a break rate of around 25%.
Author: Thomas Romanacce/ Capital | Read the full storyhere (In french)
The Kroger Company has announced a “Hero Bonus” for frontline workers to reward them for working during the coronavirus outbreak, including employees at its King Soopers and City Market stores in Colorado.
The Cincinnati-based Kroger supermarket chain will provide all frontline grocery, supply chain, manufacturing, pharmacy and call center associates a $2 premium above their standard base pay for hours worked March 29 through April 18, according to a company news release.
Employees will receive the premium weekly to ensure they have access to additional cash.
Author: Tom McGhee Special to The Denver Post | Read full storyhere
The Russian Antitrust Service (RAS) has proposed changes to the mechanism of fishing quota distribution that could expand a major overhaul of how the country manages its seafood sector.
Since 2004, most quotas in Russia have been allocated on the so called “historic principle,” which allocates quota based on the average of a company’s previous years’ catches, provided it fulfills all of its tax obligations, engages in sustainable fishing practices, and uses its entire quota. The system was reimplemented for another 15 years in 2018, meaning if nothing changes, it will be in place through 2034.
However, the RAS has proposed replacing its system of awarding fishing quotas based on historic catch averages with auctions, similar to the changes made in recent years to Russia’s crab fishery. In 2019, the Russian government moved 50 percent of its crab quota into what it called “investment auctions,” which awarded quota in lots to the highest bidder, provided they build a new crab vessel built at a Russian shipyard.
Author: Ivan Stupachenko / SeafoodSource | Read full articlehere
The online ordering platform Uber Eats has reached an agreement with the energy company Galp to distribute the products available at home in the convenience stores located in the latter's service stations. In a first phase, the service will be offered from 25 stores located in 15 cities in the provinces of Badajoz, Barcelona, ??Cádiz, Córdoba, Balearic Islands, Madrid, Málaga and Valencia, from which food, drinks, hygiene and Household Products. Orders can be made from the Uber Eats application or through the company-enabled phone (900.839.093) to facilitate access for people without an internet connection. In addition, the shipping costs and the minimum amount per purchase have been eliminated, maintaining the reinforced security measures that the company has established for its deliveries since the approval of the alert status.
Uber Eats was already incorporating convenience stores and small stores to its offer of home services, although it did not yet have any agreements with large companies. A trend that has multiplied in the current circumstances and that is not limited only to the Spanish market. In this way, the platform announced on March 1 that it began the distribution of products from 15 Carrefour group stores in the Paris region, in France, including food, hygiene and cleaning. An agreement that will soon be extended to the rest of the neighboring country.
Source: Alimarket | Read the full articlehere (Spanish)
Aquaculture genetics, health and advanced nutrition company Benchmark Holdings has said demand for its salmon ova has not yet been materially affected by the Covid-19 epidemic, although it anticipates earnings will be hit in other parts of the business such as shrimp nutrition.
“The two and a half to three year salmon production cycle means that demand for salmon eggs is less affected by the short term impact from Covid-19 on the salmon sector, which is experiencing weaker demand from the catering industry, partially offset by retail demand, as well as challenging logistics to Asia and US,” said Benchmark, in a market update on how it is responding to the epidemic.
Sheffield-based Benchmark owns salmon egg producers SalmoBreed in Norway and StofnFiskur in Iceland and produces ova under the Benchmark Genetics name in Chile.
Source: fishfarmingexpert | Read the full article here
Icelandic fishery and processor VSV has during the first three months of the year produced more salt fish than in the whole of 2018. If this continues, then production in mid-April will be higher than in the whole of 2019.
In one recent weekend, 46 tonnes of salted fish were packed in one day during the processing and salting of seasonal cod at Vinnslustöðin plant. The line boats Kap II and Brynjólfur have been fishing well, as has the Drangavík. The company has also purchased fish from its commercial boats.
By acquiring Grupeixe’s salt fish processing company in Portugal, Vinnslustöðin became a direct participant in the processing and sale of this important market and controls all aspects of production, from fishing and processing here at home to processing, sales and marketing work there.
Balfegó, a company specialized in bluefin tuna fishing, aquaculture and trade in the Atlantic and the Mediterranean, will deliver 2,000 kilos of bluefin tuna to hospitals, nursing homes and soup kitchens throughout Spain to collaborate in the fight against the pandemic and contribute to recovery of those affected by the virus. For this, the company reports, the collaboration of 20 cooks from all over Spain has been requested, which will allow the product to be distributed among different centers in different regions hit by the virus.
Balfegó, who remembers that bluefin tuna provides fatty acids, omega3, different vitamins (A, B, B3, B9, B12 and D) and is rich in minerals such as selenium, phosphorus and magnesium, points out that with this initiative, seek also encourage other actors and companies "to contribute, to the extent of their possibilities", to face the difficult situation that Spanish society is facing.
Along with this national campaign, Balfegó also seeks to contribute to improving the situation in its closest environment and will deliver 50 kilos of bluefin tuna to the Health Department of the Generalitat for distribution to health centers in the province of Tarragona where consider that they are more necessary; and another 50 kg to the two nursing homes in the area closest to their headquarters.
Source: iPac.acuicultura | Read full articlehere (Spanish)
Mowi Scotland is managing to deliver s steady supply of salmon to retailers, providing more than 500,000 meals a day during the coronavirus crisis.
Although many of its employees are working remotely, the company, as a food producer, has a number of ‘key workers’ across its different departments.
Mowi Scotland’s head of HR, Joanna Peeling, told the firm’s newsletter, The Scoop, that those meeting the government’s definition of key workers included staff directly involved in producing feed for salmon; farmers who are responsible for the fish in their care; and processing teams, along with those supporting them with vessels and logistics.
Additional health and safety measures have been put in place for these employees, such as adjustments to shift start and finish times, so there is a clear break between one group of people leaving and the next arriving.
Other new arrangements include break adjustments to enable social distancing to be practised in communal areas, such as kitchens and canteens; and installing additional hand sanitisers to enhance existing handwashing facilities.
All non-essential business travel and all non-essential visits to farm sites has been stopped as well, said Peeling, adding that Mowi is working to update all workers regularly with clear and comprehensive information on work related risks in their area.
Tuesday morning it was confirmed that the Lanchester based aqua group has been taken over by the London based investment firm, Hertsford Capital.
The takeover includes equity placing raising EUR 1.7 million, reports The Business Desk.
OTAQ designs technology products and solutions for the global aquaculture, especially salmon farming industries, and offshore oil and gas industries. The main product Sealfence improves the yield for the salmon farming industry by using acoustic technology to reduce the density of predator attacks.
The marine group is now planning the future, which might contain a name change for Hertsford Capital to OTAQ PLC. Alex Hambro will assume the role of non-executive chairman and Sara Gills continuing as a non-executive director.
Source:SalmonBusiness | Read the full article here