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LocalCoho, a new land-based company that produces high-quality Coho salmon, has secured significant new funding from Cuna del Mar.

The Ordinance 186/2023 of Portugal about the MAR 2030 Program in Portugal is out and aims to boost fishing, aquaculture, and fish processing.

The newly spun-out company led by CEO Myrna Gillis rebrands to Onda, aiming to "unlock the answers to the industry’s most pressing challenges".

San Diego-based CAT and the new Canadian spin-out CATC will remain sister companies within the Cuna del Mar portfolio.

With a strong technical as well as management background, King will be responsible for overseeing the company's day-to-day operations and development activities.