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Jonskjær will be its seventh aquaculture site, "a key milestone in our journey to expand production of healthy, sustainable food," said CEO Ola Kvalheim.

The impact investment fund has added cod farming venture KIME Akva to its investment portfolio.

The company is undertaking recapture procedures after a breach was discovered in one of its aquaculture pens in Nesna, Nordland county.

Former Vesterålen Havbruk COO Rune Eriksen takes over the reins of Statt Torsk, following the departure of former CEO Gustave Brun-Lie. The two Norwegian cod firms merged in November 2023.

Norcod reports operating loss despite increased revenues in Q3, while Statt Torsk confirms merger with whitefish group Vesterålen Havbruk after a challenging year.