SC, An article in February said that mutual fund investor Bill Miller had met with the CEO, and the article suggests a timeline of possibly year end. But this is pretty sketchy info. I think the labeling decision may depend upon the wider GMO labeling legislation that is apparently under consideration by Congress.
While AQB salmon is GMO (combining genes from Atlantic salmon and Chinook salmon to produce a larger fish faster), the production is in a land based facility where they have control over the water environment, so there's no need for the antibiotics and vaccines that they use in the traditional cage-based ocean production method.
The company has an existing facility in Panama and recently raised $25 million with plans for a facility in North America. It took a long time to get the FDA approval for their GMO salmon, so all that's left now is to get the labeling determined and ramping up production. Even though it's GMO, the lack of antibiotics and vaccines should help with consumer acceptance. There's big demand for salmon these days, and as a business it's highly profitable. Sounds like an interesting stock.
SC, Here's some info on the wider GMO labeling legislation from last June (article below). I appears the 'Senate agricultural leaders' (representing the Big Agro industries) were trying to derail the Vermont law that would have set the precedent for each state deciding on GMO labeling on its own. At the end of the article they say the preferred nation-wide legislation would still need to - 1) get thru the Agriculture Committee, then 2) the full Senate, and then 3) the U.S. House. I'm not sure what the status of this legislation is now, but the outcome may play a key role in AQB's salmon decision.
The actual decision whether or not to label AQB's salmon as GMO, while important, isn't a huge deal imo since AQB's salmon already has the 'no antibiotics or vaccines' as a marketing advantage. Either way I think they're going to sell a lot of salmon, and coming off a base of zero sales, the stock could be a big winner considering it's small $125 mil market cap. Dew may have found a winner here (but then again he liked the transgenic goat stock that bombed, and I liked Cortex, which bombed, so no guarantees lol) -
>>> Senators Reach Deal On National GMO Labeling Bill
Just a week before a Vermont law kicks in requiring labels on food containing genetically modified ingredients, U.S. Senate agriculture leaders announced a deal Thursday that takes the power out of states' hands — and sets a mandatory national system for GM disclosures on food products.
Sen. Pat Roberts, R-Kansas, the chairman of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, unveiled the plan that had been negotiated for weeks with U.S. Sen. Debbie Stabenow, D-Michigan.
Senate Democrats from farm country called it a win for consumers and families, while Roberts said it would end "denigrating biotechnology and causing confusion in the marketplace" brought on by Vermont's state law.
But it was clearly an uneasy compromise, with critics of the plan making for strange bedfellows on opposite ends of the political spectrum. Both Sen. Bernie Sanders, the Vermont Democrat who supports his state's mandatory law, and the American Farm Bureau Federation, which wants a voluntary GMO labeling standard, announced their opposition to the Roberts-Stabenow deal.
Under the plan, food companies would be required to disclose which products contain genetically modified ingredients. But companies would have a range of options
in just how they make that disclosure: They could place text on food packaging, provide a QR (Quick Response) code, or direct consumers to a phone number or a website with more information.
News of the deal comes as many large food companies, including Campbell Soup Co., Kellogg's and General Mills, have already begun labeling some of their products in anticipation of the Vermont law. Roughly 75 percent of processed foods in the U.S. contain genetically modified ingredients, according to estimates from the Center for Food Safety.
The deal falls short for those who wanted a national standard much like Vermont's.
Gary Hirshberg of Stonyfield Farm, the maker of organic yogurt, and chairman of the Just Label It campaign, released an announcement saying he was pleased that the new plan will create a national, mandatory labeling system and even cover more products than the Vermont law. But, he said he's disappointed that consumers will now have to rely on smartphones to learn about their food.
"This proposal falls short of what consumers rightly expect — a simple at-a-glance disclosure on the package," Hirshberg said.
The deal also was a tough sell for U.S. Sen. Chuck Grassley, an Iowa Republican, who said he was glad it would solve the problem of a patchwork of state labeling laws. But, while he will support the plan, he said he hopes lawmakers would move away from "a non-science based agenda driving law and rules."
"The science has proven that GMO foods are safe and equivalent to non-GMO foods from a safety perspective," Grassley said. "Giving consumers a choice is a good thing, and it's time to realize that there's a place for all types of food in our consumer-driven economy without stigmatizing another scientifically safe alternative."
Pamela Bailey, president and CEO of the Grocery Manufacturers Association, said she was pleased with the bill and hopes the Senate passes it quickly.
"This bipartisan agreement ensures consumers across the nation can get clear, consistent information about their food and beverage ingredients and prevents a patchwork of confusing and costly state labeling laws," she said.
Zippy Duvall, president of the American Farm Bureau Federation, said his group will take some time to review the plan as it opposes mandatory food labels.
"There are no – and never have been any – documented health risks from genetically engineered food in the marketplace," he said.
Meanwhile, the Vermont law will go into effect on July 1 but would presumably be nullified when Congress finalizes a bill. Just how long that will take is uncertain. Roberts and Stabenow are working on the bill and haven't yet set a time to bring it to a vote, said Sarah Little, a Roberts spokeswoman.
Should it pass the Agriculture Committee and the full Senate, the plan will also have to be run through the U.S. House, which passed a bill last July that barred states from creating such laws but established a voluntary labeling system.
News 
Market Data 
Discover 
AI
