Arctic apple developed in B.C. approved for sale in Canada
CBC News: March 20, 2015
A genetically modified non-browning Arctic apple, developed in B.C., has been approved for sale in Canada, just weeks after it received similar approval in the U.S.
The success of the fruit, developed by Okanagan Specialty Fruits (OSF), has led to a multi-million dollar sales deal with Intrexon Corporation, an American company involved in synthetic biology.
Intrexon will buy OSF in an deal worth $31 million in stock and $10 million in cash to OSF’s shareholders.
“Over the next couple of years, we will be working hard with our grower partners to get as many Arctic trees in the ground as we can,” OSF president Neal Carter wrote on his company blog Friday.
(read the full article at CBC)
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