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The Norwegian land-based aquaculture producer says higher production should help reduce costs as its second phase begins operating.

The Norwegian land-based aquaculture producer says the proceeds will help repay debt and support completion of its Phase 2 expansion in Norway.

The land-based salmon farmer confirmed the first smolt release, and said increased production during 2026 would "unlock new commercial opportunities in both retail and food service markets."

The land-based salmon farmer also confirmed its first Phase 2 smolt will be released this month.

Korshags had already added two artisanally smoked products made from the same raw material to its range.

The land-based salmon producer reported a fourth-quarter loss amid weak prices, but said expansion work at Indre Harøy remains on schedule, with first smolt release due in April.