Land-based yellowtail farmer The Kingfish Company said Monday it concluded the purchase of land for its new facility in Jonesport, Maine.

The purchase follows approval of the crucial Maine Pollutant Discharge Elimination System (MEPDES) permit for Kingfish Maine earlier this year and final state government approvals two weeks ago.

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"Today, Kingfish Maine is one step closer to achieving fully operational status, and we are ready to build on our proven blueprint and scale our technology locally to service our network of distributors nationwide," CEO and founder Ohad Maiman said.

Kingfish Maine’s recirculating aquaculture system (RAS) facility is projected to produce up to 8,500 metric tons of yellowtail annually upon completion.

The Kingfish Company already operates a land-based RAS facility in the Netherlands. Kingfish Maine will utilize the same technology.

Kingfish has had a string of contract successes in the past several months. The business landed a supply contract with the largest retailer in The Netherlands, Albert Heijn, in June, and its branded retail product also sells nationwide in Whole Foods Market stores in the United States.

It also secured retail listings in both France and Italy in recent months.

A full line of fresh and frozen retail-ready portions are available, and smoked retail products are under development.