The world's largest salmon farming company Mowi said it is "very disappointed" with the Canadian government's decision not to renew salmon farming licenses located in British Columbia's Discovery Islands, and is "considering its legal options".

Canada Fisheries Minister Joyce Murray announced Feb. 17 the government has denied the renewal of salmon farming licenses for nearly all companies operating in the area.

The 15 licenses that will not be renewed account for more than 24 percent of BC's farmed salmon production and belong to major companies including Mowi, Grieg and Cermaq.