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The land-based salmon producer, which has just reported its 2024 results, expects its first harvest in Q2 2025.

However, the Norwegian land-based fish farmer also reported delays in the project after bad weather prevented the completion of production pool 2.

The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, has seen construction costs soar to NOK 995 million, more than double the original estimate of NOK 445 mi ...

Now, the total investment amount for its fish farm project in Rødøy is estimated to amount around MNOK 995.

Delayed delivery due to the late start-up of the facility seems to cause a lower quality over the second delivery smolt.

"Unfortunately, 20,000 fish have died after being released. Primarily, these come from the second of two smolt deliveries."