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CQ Canada Holding Ltd., Cermaq Canada Ltd., and Cermaq Seafood BC Ltd. will be dissolved.

The tests will be conducted at Cermaq Norway's new post-smolt facility, located in Veines, Hasvik municipality, on Sørøya.

Presenting the Q4 results, CEO Nina Willumsen Grieg outlined the company's strategic shift from global growth to regional profitability, including land-based post-smolt investment.

Deal completion comes as Grieg restructures and Mitsubishi's Cermaq expands.

This new glass-reinforced plastic (GRP) closed cage is the fourth of its kind built by Aquafarm Equipment and will promote fish welfare during the winter.

Cermaq Canada completed a full production cycle in Ahousaht Territory, British Columbia, with better results than using mechanical delousing.