Land-based salmon farmer Kuterra has signed an exclusive negotiating agreement with a potential buyer of the company, CEO Garry Ullstrom told IntraFish on Friday.
Because of confidentially clauses associated with the negotiations, Ullstrom was unable to provide further details.
Kuterra was built with CAD 9.5 million (€6.7 million/$7.1 million) in government and charitable funding, including CAD 3 million (€2.1