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Although the bacteria is untreatable, the Norwegian cod farmer said the detection is not expected to affect planned operations at its Mausund site.

The Norwegian cod farmer cut production costs in Q2 and has since moved into continuous harvesting, although it remained loss-making during the quarter.

The Norwegian cod farmer said biomass growth and biological performance improved in the first quarter, and has since secured financing to support its scale-up plans for 2026 and 2027.

For the next five years, Havland will dedicate all its production to supplying the Norwegian cod producer, supporting its long-term growth strategy.

The Norwegian cod farmer will also conduct a subsequent repair offering aimed at existing shareholders who were not included in the private placement.

After considering a bond issue, the Norwegian cod farming company has announced a NOK 100m private placement and new debt financing of up to NOK 170m.