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The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, intends to raise new capital in early 2026.

Benny Hansen will take over from the current CFO, Rune Johansen, who will assume a new position as Chief Investor Relations Officer.

The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, reports progress in its Q3 report.

The Norwegian company has announced that this fall it will release approximately 2.2 million smolt at its land-based facility located in Rødøy municipality.

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.