US land-based salmon farmer Atlantic Sapphire said it expects to rely on support from major shareholders after breaching minimum liquidity requirements linked to loans on its Bluehouse operations in Florida.
This comes after the company reported lower revenue for the first half of 2023 caused by weaker-than-expected production because of water temperature issues at the farm.
DNB Markets and Arctic Securities have been hired by Atlantic Sapphire to explore potential financing routes to ensure a sufficiently large cash buffer, the company wrote in its half-year report last week.
